SYY vs TEAM: Correlation
Sysco (SYY) and Atlassian Corporation (TEAM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYY and TEAM?
Over the past 3 years, SYY and TEAM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.24). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -300.3 %².
By 3-year correlation, TEAM places #28 of the 33 assets tracked against SYY. Twelve-month performance is nearly a tie, at +5.6% for SYY and +8.0% for TEAM. Risk is not evenly split, since TEAM carries 3.0 times the volatility of the other side.
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.
SYY vs TEAM: side by side
| SYY (Sysco) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +5.6% | +8.0% |
| 5-year return | +19.2% | -49.3% |
| Volatility (ann.) | 20.3% | 61.5% |
| Beta vs S&P 500 | 0.14 | 1.66 |
| Max drawdown (3Y) | -24.0% | -82.3% |
| Market cap | $39.5B | $47.0B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 2.61% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | SYY | TEAM |
|---|---|---|
| 2022 | -0.3% | -66.3% |
| 2023 | -1.7% | +84.8% |
| 2024 | +7.4% | +2.3% |
| 2025 | -1.0% | -33.4% |
| 2026 | +14.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYY and TEAM good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SYY and TEAM?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.36 over the last year and -0.00 over 5 years.
Is TEAM a good diversifier for SYY?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/syy-vs-team.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/syy-vs-team/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SYY correlations · TEAM correlations
