Correlation
of values
-82%
In sync
of periods
49%
History
daysdays · through 2026-04-24
8,099
These move opposite each other about 49% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~67% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
48.6%
Headline metric
Movement correlation(i)
-82%
Based on values
95% CI
-83% → -81%
Likely range of correlation
Pipeline
Pipeline Summary
8,099 paired data points survived the daily window.
Raw input
10,119
8,138
Normalized
10,119
8,138
Prepared
10,119
8,138
Aligned
8,099
8,099
Invalid removed
R²(i)
67.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
8,099
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-82%
No shift — both series at their actual dates.
8,099 overlapping points at this shift
Baseline
-82%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-82%
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%
75 periods · Return correlation when both series rose
Both Falling
-7%
97 periods · Return correlation when both series fell
Diverging
-43%
77 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,059
A: 2020 / B: 39
Series A
Baa Corporate Bond Yield
DBAA
FRED · 10,119 raw → 10,119 prepared
Series B
USD/MXN Exchange Rate
DEXMXUS
FRED · 8,138 raw → 8,138 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
-2.6121
Linear regression slope.
Intercept
29.4992
Linear regression intercept.
Saved 4 days ago · ID: fred-dbaa_fred-dexmxus_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.