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Correlation
of values
+58%
In sync
of periods
59%
History
monthsmonths · through 2026-06
666
These move in the same direction about 59% of the time
Their swing sizes loosely line up (~34% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
59%
Headline metric
Movement correlation(i)
+58%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
666 paired data points survived the monthly window.
Raw input
1,290
13,911
Normalized
1,290
13,911
Prepared
1,290
667
Aligned
666
666
Invalid removed
34%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
666
Robust
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+58%
No shift — both series at their actual dates.
666 overlapping points at this shift
Baseline
+58%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+58%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+53%
11 periods · Return correlation when both series rose
Both Falling
-21%
9 periods · Return correlation when both series fell
Diverging
-64%
15 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
625
A: 624 / B: 1
Series A
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,911 raw → 667 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
14.4969
Linear regression slope.
Intercept
54.0370
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-dexjpus_monthly_5y