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Correlation
of values
+64%
In sync
of periods
31%
History
daysdays · through 2026-07-06
747
These move in the same direction about 31% of the time
When one swings, the other often swings by a similar amount (~42% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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)
31%
Headline metric
Movement correlation(i)
+64%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
747 paired data points survived the daily window.
Raw input
12,519
785
Normalized
12,519
785
Prepared
12,519
785
Aligned
747
747
Invalid removed
42%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
747
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
+64%
No shift — both series at their actual dates.
747 overlapping points at this shift
Baseline
+64%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+64%
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
+35%
36 periods · Return correlation when both series rose
Both Falling
+35%
48 periods · Return correlation when both series fell
Diverging
-67%
156 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,810
A: 11772 / B: 38
Series A
2Y Treasury Yield
DGS2
FRED · 12,519 raw → 12,519 prepared
Series B
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
0.2415
Linear regression slope.
Intercept
0.1498
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a4cbbb_fred-dgs2_daily_5y