TEAM vs TWLO: Correlation
How closely do Atlassian Corporation (TEAM) and Twilio Inc. (TWLO) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEAM and TWLO?
Over the past 3 years, TEAM and TWLO moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1977.5 %².
Among the 42 assets we track against TEAM, TWLO ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TWLO outperformed by 126.0 percentage points (+8.0% for TEAM against +134.0% for TWLO).
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.
TEAM vs TWLO: side by side
| TEAM (Atlassian Corporation) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +8.0% | +134.0% |
| 5-year return | -49.3% | -34.2% |
| Volatility (ann.) | 61.5% | 52.0% |
| Beta vs S&P 500 | 1.66 | 1.38 |
| Max drawdown (3Y) | -82.3% | -45.2% |
| Market cap | $47.0B | $37.1B |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEAM | TWLO |
|---|---|---|
| 2022 | -66.3% | -81.4% |
| 2023 | +84.8% | +55.0% |
| 2024 | +2.3% | +42.5% |
| 2025 | -33.4% | +31.6% |
| 2026 | +14.5% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEAM and TWLO good diversifiers for each other?
Only partially. A correlation of 0.62 means TEAM and TWLO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TEAM and TWLO?
As of 2026-08-27, the correlation of weekly returns between TEAM and TWLO is 0.62 over 3 years, 0.65 over 1 year and 0.66 over 5 years.
Is TWLO a good diversifier for TEAM?
Only partially. A correlation of 0.62 means TEAM and TWLO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/team-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/team-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TEAM correlations · TWLO correlations
