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Correlation
of values
-59%
In sync
of periods
52%
History
monthsmonths · through 2026-05
773
These move in the same direction about 52% of the time
Their swing sizes loosely mirror each other (~35% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
52%
Headline metric
Movement correlation(i)
-59%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
773 paired data points survived the monthly window.
Raw input
16,111
809
Normalized
16,111
809
Prepared
775
809
Aligned
773
773
Invalid removed
35%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
773
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
-59%
No shift — both series at their actual dates.
773 overlapping points at this shift
Baseline
-59%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-59%
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
-57%
6 periods · Return correlation when both series rose
Both Falling
+3%
5 periods · Return correlation when both series fell
Diverging
-35%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
38
A: 2 / B: 36
Series A
10Y Treasury Yield
DGS10
FRED · 16,111 raw → 775 prepared
Series B
Bank Reserves
TOTRESNS
FRED · 809 raw → 809 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-230.2491
Linear regression slope.
Intercept
2021.7516
Linear regression intercept.
Saved 3 months ago · ID: fred-dgs10_fred-totresns_monthly_5y