Loading market view
Loading market view
Loading correlations
Correlation
of values
+70%
In sync
of periods
70%
History
daysdays · through 2026-09-04
747
These move in the same direction about 70% of the time
When one swings, the other often swings by a similar amount (~48% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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.
Advanced
Statistics
In sync(i)
70%
Headline metric
Movement correlation(i)
+70%
Based on values
95% CI
+66% → +73%
Likely range of correlation
Pipeline
Pipeline Summary
747 paired data points survived the daily window.
Raw input
785
16,155
Normalized
785
16,155
Prepared
785
16,155
Aligned
747
747
Invalid removed
R²(i)
48%
Variance explained
Significance
p < 0.001
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
+70%
No shift — both series at their actual dates.
747 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
+34%
87 periods · Return correlation when both series rose
Both Falling
+61%
92 periods · Return correlation when both series fell
Diverging
-58%
60 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
15,446
A: 38 / B: 15408
Series A
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 785 raw → 785 prepared
Series B
5Y Treasury Yield
DGS5
FRED · 16,155 raw → 16,155 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
39
Estimated crossover points between normalized spreads.
Slope
0.3562
Linear regression slope.
Intercept
1.4931
Linear regression intercept.
Saved 4 months ago · ID: fred-bamlh0a0hym2ey_fred-dgs5_daily_5y