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Correlation
of values
-75%
In sync
of periods
53%
History
monthsmonths · through 2026-05
599
These move in the same direction about 53% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~56% 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
US CPI moves ~18 months before 2Y Treasury Yield
Watch US CPI for an early read on 2Y Treasury Yield.
Advanced
Statistics
In sync(i)
53%
Headline metric
Movement correlation(i)
-75%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
599 paired data points survived the monthly window.
Raw input
952
12,519
Normalized
952
12,519
Prepared
952
602
Aligned
599
599
Invalid removed
Likely range
R²(i)
56%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
599
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: -18 to 18 months.
Selected shift
+18 months
Correlation at this shift
-80%
+6% stronger than no-shift baseline
2Y Treasury Yield shifted 18 months earlier. Reads: "Does US CPI today line up with 2Y Treasury Yield 18 months from now?"
574 overlapping points at this shift
Baseline
-75%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
-80%
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
+3%
19 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
+5%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
356
A: 353 / B: 3
Series A
US CPI
CPIAUCSL
FRED · 952 raw → 952 prepared
Series B
2Y Treasury Yield
DGS2
FRED · 12,519 raw → 602 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0392
Linear regression slope.
Intercept
11.9996
Linear regression intercept.
Saved 3 months ago · ID: fred-cpiaucsl_fred-dgs2_monthly_5y