Correlation
of values
-55%
In sync
of periods
47%
History
daysdays · through 2026-04-24
5,820
These move opposite each other about 47% of the time
Their swing sizes loosely mirror each other (~30% 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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Explore
Advanced
Statistics
In sync(i)
46.6%
Headline metric
Movement correlation(i)
-55%
Based on values
95% CI
-56% → -53%
Likely range of correlation
Pipeline
Pipeline Summary
5,820 paired data points survived the daily window.
Raw input
5,837
13,876
Normalized
5,837
13,876
Prepared
5,837
13,876
Aligned
5,820
5,820
Invalid removed
R²(i)
29.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
5,820
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
-55%
No shift — both series at their actual dates.
5,820 overlapping points at this shift
Baseline
-55%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-55%
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
+48%
63 periods · Return correlation when both series rose
Both Falling
-4%
59 periods · Return correlation when both series fell
Diverging
-65%
127 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
8,073
A: 17 / B: 8056
Series A
5-Year, 5-Year Forward Inflation Expectation Rate
T5YIFR
FRED · 5,837 raw → 5,837 prepared
Series B
USD/CAD Exchange Rate
DEXCAUS
FRED · 13,876 raw → 13,876 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
130
Estimated crossover points between normalized spreads.
Slope
-0.2370
Linear regression slope.
Intercept
1.7534
Linear regression intercept.
Saved 4 days ago · ID: fred-dexcaus_fred-t5yifr_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.