RPD vs TEAM: Correlation
Measured on weekly returns over the past three years, Rapid7, Inc. (RPD) and Atlassian Corporation (TEAM) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPD and TEAM?
Across a 3-year window, the weekly returns of RPD and TEAM correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 1986.2 %².
Among the 29 assets we track against RPD, TEAM ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TEAM ahead by 42.7 points (-34.7% versus +8.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RPD vs TEAM: side by side
| RPD (Rapid7, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -34.7% | +8.0% |
| 5-year return | -88.9% | -49.3% |
| Volatility (ann.) | 56.3% | 61.5% |
| Beta vs S&P 500 | 1.42 | 1.66 |
| Max drawdown (3Y) | -91.8% | -82.3% |
| Market cap | $0.9B | $47.0B |
| P/E (trailing) | 37.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RPD | TEAM |
|---|---|---|
| 2022 | -71.1% | -66.3% |
| 2023 | +68.0% | +84.8% |
| 2024 | -29.5% | +2.3% |
| 2025 | -62.2% | -33.4% |
| 2026 | -11.2% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPD and TEAM good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RPD and TEAM?
As of 2026-08-27, the correlation of weekly returns between RPD and TEAM is 0.57 over 3 years, 0.64 over 1 year and 0.61 over 5 years.
Is TEAM a good diversifier for RPD?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: RPD correlations · TEAM correlations
