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Correlation
of values
-70%
In sync
of periods
40%
History
daysdays · through 2026-07-06
746
These move in the same direction about 40% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~49% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
40%
Headline metric
Movement correlation(i)
-70%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
746 paired data points survived the daily window.
Raw input
11,129
784
Normalized
11,129
784
Prepared
11,129
784
Aligned
746
746
Invalid removed
49%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
746
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
-70%
No shift — both series at their actual dates.
746 overlapping points at this shift
Baseline
-70%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-70%
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
+20%
34 periods · Return correlation when both series rose
Both Falling
+12%
43 periods · Return correlation when both series fell
Diverging
-65%
157 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,421
A: 10383 / B: 38
Series A
10Y-3M Yield Spread
T10Y3M
FRED · 11,129 raw → 11,129 prepared
Series B
IG Bond Spread
BAMLC0A0CM
FRED · 784 raw → 784 prepared
Sign agreement
39.7%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.1467
Linear regression slope.
Intercept
0.8683
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a0cm_fred-t10y3m_daily_5y