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Correlation
of values
-38%
In sync
of periods
52%
History
monthsmonths · through 2026-06
330
These move in the same direction about 52% of the time
Their swing sizes only faintly mirror each other (~14% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
52%
Headline metric
Movement correlation(i)
-38%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
330 paired data points survived the monthly window.
Raw input
864
6,896
Normalized
864
6,896
Prepared
864
331
Aligned
330
330
Invalid removed
14%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
330
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
No shift
Correlation at this shift
-38%
No shift — both series at their actual dates.
330 overlapping points at this shift
Baseline
-38%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-38%
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
+4%
35 periods · Return correlation when both series rose
Both Falling
+32%
35 periods · Return correlation when both series fell
Diverging
-39%
101 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
535
A: 534 / B: 1
Series A
Fed Funds Rate
FEDFUNDS
FRED · 864 raw → 864 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,896 raw → 331 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
-0.0278
Linear regression slope.
Intercept
1.2417
Linear regression intercept.
Saved 3 months ago · ID: fred-dexuseu_fred-fedfunds_monthly_5y