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5Y Treasury Yield vs SPDR Gold Shares (GLD)
Correlation
of % moves
-29%
In sync
of periods
38%
History
daysdays · through 2026-09-04
1,242
These move in the same direction about 38% of the time
Their swing sizes only faintly mirror each other (~9% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
38%
Headline metric
Movement correlation(i)
-29%
Based on % moves
95% CI
-34% → -24%
Likely range of correlation
Pipeline
Pipeline Summary
1,242 paired data points survived the daily window.
Raw input
16,155
1,254
Normalized
16,155
1,254
Prepared
16,155
1,254
Aligned
1,242
1,242
Invalid removed
R²(i)
9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
1,241
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
-29%
No shift — both series at their actual dates.
1,241 overlapping points at this shift
Baseline
-29%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-29%
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
+29%
25 periods · Return correlation when both series rose
Both Falling
+24%
15 periods · Return correlation when both series fell
Diverging
-43%
102 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,925
A: 14913 / B: 12
Series A
5Y Treasury Yield
DGS5
FRED · 16,155 raw → 16,155 prepared
Series B
GLD
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
-0.1568
Linear regression slope.
Intercept
0.0009
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dgs5_stock-gld_daily_5y