Correlation
of values
-47%
In sync
of periods
45%
History
daysdays · through 2026-04-24
743
These move opposite each other about 45% of the time
Their swing sizes loosely mirror each other (~23% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
45.2%
Headline metric
Movement correlation(i)
-47%
Based on values
95% CI
-53% → -42%
Likely range of correlation
Pipeline
Pipeline Summary
743 paired data points survived the daily window.
Raw input
785
6,591
Normalized
785
6,591
Prepared
785
6,591
Aligned
743
743
Invalid removed
R²(i)
22.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
743
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-47%
No shift — both series at their actual dates.
743 overlapping points at this shift
Baseline
-47%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-47%
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
+12%
76 periods · Return correlation when both series rose
Both Falling
-11%
16 periods · Return correlation when both series fell
Diverging
-7%
157 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,890
A: 42 / B: 5848
Series A
IG Bond Spread
BAMLC0A0CM
FRED · 785 raw → 785 prepared
Series B
USD/VES Exchange Rate
DEXVZUS
FRED · 6,591 raw → 6,591 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-306.9828
Linear regression slope.
Intercept
404.2014
Linear regression intercept.
Saved 4 days ago · ID: fred-bamlc0a0cm_fred-dexvzus_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.