SPT vs TEAM: Correlation
How closely do Sprout Social, Inc (SPT) and Atlassian Corporation (TEAM) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPT and TEAM?
Over the past 3 years, SPT and TEAM moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.56). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1916.1 %².
By 3-year correlation, TEAM places #5 of the 24 assets tracked against SPT. The last year tells two different stories: TEAM led by 37.6 percentage points, -29.6% for SPT against +8.0% for TEAM.
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.
SPT vs TEAM: side by side
| SPT (Sprout Social, Inc) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -29.6% | +8.0% |
| 5-year return | -91.0% | -49.3% |
| Volatility (ann.) | 55.5% | 61.5% |
| Beta vs S&P 500 | 1.43 | 1.66 |
| Max drawdown (3Y) | -92.5% | -82.3% |
| Market cap | $0.7B | $47.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPT | TEAM |
|---|---|---|
| 2022 | -37.7% | -66.3% |
| 2023 | +8.8% | +84.8% |
| 2024 | -50.0% | +2.3% |
| 2025 | -63.3% | -33.4% |
| 2026 | -2.0% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPT and TEAM good diversifiers for each other?
To a limited degree. At 0.56 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 SPT and TEAM?
The SPT/TEAM correlation stands at 0.56 on a 3-year window (1 year: 0.70, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is TEAM a good diversifier for SPT?
To a limited degree. At 0.56 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 0.56 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/spt-vs-team.json
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Related comparisons
Hubs: SPT correlations · TEAM correlations
