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Correlation
of values
+97%
In sync
of periods
80%
History
monthsmonths · through 2026-06
774
These move in the same direction about 80% of the time
When one swings, the other almost always swings by a closely matched amount (~93% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
80%
Headline metric
Movement correlation(i)
+97%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
774 paired data points survived the monthly window.
Raw input
16,111
1,290
Normalized
16,111
1,290
Prepared
775
1,290
Aligned
774
774
Invalid removed
93%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
774
Deep
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
+97%
No shift — both series at their actual dates.
774 overlapping points at this shift
Baseline
+97%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+97%
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
+69%
6 periods · Return correlation when both series rose
Both Falling
+95%
13 periods · Return correlation when both series fell
Diverging
N/A
4 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
517
A: 1 / B: 516
Series A
5Y Treasury Yield
DGS5
FRED · 16,111 raw → 775 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
50
Estimated crossover points between normalized spreads.
Slope
0.8265
Linear regression slope.
Intercept
2.3097
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-dgs5_monthly_5y