Loading market view
Loading market view
Loading correlations
Correlation
of values
+93%
In sync
of periods
63%
History
monthsmonths · through 2026-06
282
These move in the same direction about 63% of the time
When one swings, the other almost always swings by a closely matched amount (~86% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
63%
Headline metric
Movement correlation(i)
+93%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
282 paired data points survived the monthly window.
Raw input
5,880
534
Normalized
5,880
534
Prepared
283
534
Aligned
282
282
Invalid removed
86%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
282
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
+93%
No shift — both series at their actual dates.
282 overlapping points at this shift
Baseline
+93%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+93%
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
+42%
68 periods · Return correlation when both series rose
Both Falling
+33%
71 periods · Return correlation when both series fell
Diverging
-50%
78 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
253
A: 1 / B: 252
Series A
10Y Real Yield
DFII10
FRED · 5,880 raw → 283 prepared
Series B
10-Year Real Interest Rate
REAINTRATREARAT10Y
FRED · 534 raw → 534 prepared
Sign agreement
92.9%
How often both values share the same sign.
Zero crossings
36
Estimated crossover points between normalized spreads.
Slope
0.6734
Linear regression slope.
Intercept
0.3666
Linear regression intercept.
Saved 3 months ago · ID: fred-dfii10_fred-reaintratrearat10y_monthly_5y