TISI vs ULTA: Correlation
Measured on weekly returns over the past three years, Team, Inc. (TISI) and Ulta Beauty (ULTA) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TISI and ULTA?
On 3 years of weekly data the TISI/ULTA correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.20 over 3. The 5-year figure is -0.08, and annualized covariance runs at -495.2 %².
Among the 15 assets we track against TISI, ULTA sits near the bottom by co-movement, at rank #11. The last year tells two different stories: TISI led by 21.8 percentage points, +23.0% for TISI against +1.2% for ULTA. One caveat on sizing: TISI is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TISI vs ULTA: side by side
| TISI (Team, Inc.) | ULTA (Ulta Beauty) | |
|---|---|---|
| 1-year return | +23.0% | +1.2% |
| 5-year return | -43.8% | +41.0% |
| Volatility (ann.) | 70.2% | 35.3% |
| Beta vs S&P 500 | 0.22 | 0.75 |
| Max drawdown (3Y) | -50.0% | -44.6% |
| Market cap | $0.1B | $23.2B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | TISI | ULTA |
|---|---|---|
| 2022 | -51.8% | +13.8% |
| 2023 | +25.7% | +4.5% |
| 2024 | +92.1% | -11.2% |
| 2025 | +11.4% | +39.1% |
| 2026 | +69.4% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TISI and ULTA good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between TISI and ULTA?
As of 2026-08-27, the correlation of weekly returns between TISI and ULTA is -0.20 over 3 years, -0.26 over 1 year and -0.08 over 5 years.
Is ULTA a good diversifier for TISI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
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Related comparisons
Hubs: TISI correlations · ULTA correlations
