Loading market view
Loading market view
Loading correlations
Correlation
of values
+46%
In sync
of periods
61%
History
monthsmonths · through 2026-06
282
These move in the same direction about 61% of the time
Their swing sizes loosely line up (~21% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
61%
Headline metric
Movement correlation(i)
+46%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
282 paired data points survived the monthly window.
Raw input
5,881
1,290
Normalized
5,881
1,290
Prepared
283
1,290
Aligned
282
282
Invalid removed
21%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
282
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
+46%
No shift — both series at their actual dates.
282 overlapping points at this shift
Baseline
+46%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+46%
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
+14%
70 periods · Return correlation when both series rose
Both Falling
+78%
60 periods · Return correlation when both series fell
Diverging
-49%
87 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,009
A: 1 / B: 1008
Series A
5-Year, 5-Year Forward Inflation Expectation Rate
T5YIFR
FRED · 5,881 raw → 283 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
10
Estimated crossover points between normalized spreads.
Slope
1.4158
Linear regression slope.
Intercept
1.3268
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-t5yifr_monthly_5y