SNAP vs TEAM: Correlation
How closely do Snap Inc. (SNAP) and Atlassian Corporation (TEAM) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNAP and TEAM?
On 3 years of weekly data the SNAP/TEAM correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.46 over 3. The 5-year figure is 0.45, and annualized covariance runs at 1694.7 %².
Within SNAP's tracked universe of 12 assets, TEAM comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TEAM ahead by 31.7 points (-23.7% 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.
SNAP vs TEAM: side by side
| SNAP (Snap Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -23.7% | +8.0% |
| 5-year return | -92.8% | -49.3% |
| Volatility (ann.) | 59.8% | 61.5% |
| Beta vs S&P 500 | 1.59 | 1.66 |
| Max drawdown (3Y) | -77.5% | -82.3% |
| Market cap | $9.0B | $47.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNAP | TEAM |
|---|---|---|
| 2022 | -81.0% | -66.3% |
| 2023 | +89.2% | +84.8% |
| 2024 | -36.4% | +2.3% |
| 2025 | -25.1% | -33.4% |
| 2026 | -34.0% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNAP and TEAM good diversifiers for each other?
Reasonably. At 0.46, SNAP and TEAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SNAP and TEAM?
As of 2026-08-27, the correlation of weekly returns between SNAP and TEAM is 0.46 over 3 years, 0.54 over 1 year and 0.45 over 5 years.
Is TEAM a good diversifier for SNAP?
Reasonably. At 0.46, SNAP and TEAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/snap-vs-team.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: SNAP correlations · TEAM correlations
