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Correlation
of values
-61%
In sync
of periods
49%
History
monthsmonths · through 2026-04
772
These move in the same direction about 49% of the time
Their swing sizes loosely mirror each other (~37% 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.
Advanced
Statistics
In sync(i)
49.3%
Headline metric
Movement correlation(i)
-61%
Based on values
95% CI
-65% → -56%
Pipeline
Pipeline Summary
772 paired data points survived the monthly window.
Raw input
16,092
808
Normalized
16,092
808
Prepared
774
808
Aligned
772
772
Invalid removed
Likely range of correlation
R²(i)
36.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
772
Deep
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
-61%
No shift — both series at their actual dates.
772 overlapping points at this shift
Baseline
-61%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-61%
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
-82%
5 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-28%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
38
A: 2 / B: 36
Series A
5Y Treasury Yield
DGS5
FRED · 16,092 raw → 774 prepared
Series B
Monetary Base
BOGMBASE
FRED · 808 raw → 808 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-349.4876
Linear regression slope.
Intercept
3227.9727
Linear regression intercept.
Saved last month · ID: fred-bogmbase_fred-dgs5_monthly_5y