TEAM vs WIX: Correlation
Measured on weekly returns over the past three years, Atlassian Corporation (TEAM) and Wix.com Ltd. (WIX) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEAM and WIX?
Across a 3-year window, the weekly returns of TEAM and WIX correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 1883.4 %².
Within TEAM's tracked universe of 42 assets, WIX comes in at #18 by 3-year correlation. The last year tells two different stories: TEAM led by 45.1 percentage points, +8.0% for TEAM against -37.1% for WIX.
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 WIX: side by side
| TEAM (Atlassian Corporation) | WIX (Wix.com Ltd.) | |
|---|---|---|
| 1-year return | +8.0% | -37.1% |
| 5-year return | -49.3% | -61.8% |
| Volatility (ann.) | 61.5% | 58.2% |
| Beta vs S&P 500 | 1.66 | 1.22 |
| Max drawdown (3Y) | -82.3% | -83.6% |
| Market cap | $47.0B | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEAM | WIX |
|---|---|---|
| 2022 | -66.3% | -51.3% |
| 2023 | +84.8% | +60.1% |
| 2024 | +2.3% | +74.4% |
| 2025 | -33.4% | -51.6% |
| 2026 | +14.5% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEAM and WIX good diversifiers for each other?
Only partially. A correlation of 0.53 means TEAM and WIX 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 WIX?
The TEAM/WIX correlation stands at 0.53 on a 3-year window (1 year: 0.59, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is WIX a good diversifier for TEAM?
Only partially. A correlation of 0.53 means TEAM and WIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/team-vs-wix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/team-vs-wix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TEAM correlations · WIX correlations
