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Correlation
of values
-28%
In sync
of periods
50%
History
monthsmonths · through 2026-05
280
These move in the same direction about 50% of the time
Their swing sizes only faintly mirror each other (~8% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
U-6 Unemployment Rate moves ~16 months before 10Y Real Yield
Watch U-6 Unemployment Rate for an early read on 10Y Real Yield.
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)
49.8%
Headline metric
Movement correlation(i)
-28%
Based on values
95% CI
-38% → -16%
Likely range of correlation
Pipeline
Pipeline Summary
280 paired data points survived the monthly window.
Raw input
5,861
388
Normalized
5,861
388
Prepared
282
388
Aligned
280
280
Invalid removed
R²(i)
7.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
280
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
-16 months
Correlation at this shift
-45%
+17% stronger than no-shift baseline
U-6 Unemployment Rate shifted 16 months later. Reads: "Does 10Y Real Yield today line up with U-6 Unemployment Rate 16 months ago?"
257 overlapping points at this shift
Baseline
-28%
No-shift correlation, matching the main time-series chart above.
Peak shift
-16 months
-45%
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
+31%
38 periods · Return correlation when both series rose
Both Falling
+15%
54 periods · Return correlation when both series fell
Diverging
-26%
126 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
110
A: 2 / B: 108
Series A
10Y Real Yield
DFII10
FRED · 5,861 raw → 282 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 388 raw → 388 prepared
Sign agreement
83.9%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
-0.9073
Linear regression slope.
Intercept
11.3403
Linear regression intercept.
Saved last month · ID: fred-dfii10_fred-u6rate_monthly_5y