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Correlation
of values
+70%
In sync
of periods
53%
History
daysdays · through 2026-08-31
2,493
These move in the same direction about 53% of the time
When one swings, the other often swings by a similar amount (~49% 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
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)
53%
Headline metric
Movement correlation(i)
+70%
Based on values
95% CI
+68% → +72%
Likely range of correlation
Pipeline
Pipeline Summary
2,493 paired data points survived the daily window.
Raw input
2,512
12,381
Normalized
2,512
12,381
Prepared
2,512
12,381
Aligned
2,493
2,493
Invalid removed
R²(i)
49%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
2,493
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
+70%
No shift — both series at their actual dates.
2,493 overlapping points at this shift
Baseline
+70%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+70%
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
+53%
6 periods · Return correlation when both series rose
Both Falling
+1%
15 periods · Return correlation when both series fell
Diverging
-58%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
9,907
A: 19 / B: 9888
Series A
Dow Jones Industrial Average
DJIA
FRED · 2,512 raw → 2,512 prepared
Series B
30Y Treasury Yield
DGS30
FRED · 12,381 raw → 12,381 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.0001
Linear regression slope.
Intercept
0.3461
Linear regression intercept.
Saved 4 months ago · ID: fred-dgs30_fred-djia_daily_5y