SeriesMagCorrOverlapThrough
These move opposite each other about 40% of the time
Strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Realty Income owns roughly 15,500 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
Market cap 58.5B · 544 employees
10Y Real Yield (TIPS)
DFII10
What to Watch
Drifting from pattern
Recent correlation (-44%) is running 1.9σ away from the long-run average of -83%.
Holds across regimes
Correlation is similar when markets rise (-22%) and fall (-4%) — reliable in both directions.
Flaky
Correlation swings widely across time windows — careful using this as a point estimate.
Time Series
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
-83%
No shift — both series at their actual dates.
1,245 overlapping points at this shift
Time series with 10Y Real Yield (TIPS) at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-83%
Pearson correlation
95% CI
-85% → -81%
Likely range
R²
69.0%
Variance explained
Trend agreement
39.7%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,245
Deep
Pipeline
Pipeline Summary
1,245 paired data points survived the daily window.
Raw input
1,255
5,836
Normalized
1,255
5,836
Prepared
1,255
5,836
Aligned
1,245
1,245
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
-22%
44 periods · Return correlation when both series rose
Both Falling
-4%
36 periods · Return correlation when both series fell
Diverging
-77%
169 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,601
A: 10 / B: 4591
Series A
Realty Income Corporation
O
Market cap 58.5B · 544 employees
Stock · 1,255 raw → 1,255 prepared
Series B
DFII10
FRED · 5,836 raw → 5,836 prepared
Sign agreement
80.1%
How often both values share the same sign.
Zero crossings
32
Estimated crossover points between normalized spreads.
Slope
-0.1484
Linear regression slope.
Intercept
10.2910
Linear regression intercept.
Saved 1 hour ago · ID: fred-dfii10_stock-o_5y
DFII10
10Y Real Yield (TIPS)
Strongest positive