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Aaa Corporate Bond Yield vs Texas Capital Texas Oil Index ETF (OILT)
Correlation
of % moves
+26%
In sync
of periods
59%
History
monthsmonths · through 2026-08
33
These move in the same direction about 59% of the time
Their swing sizes only faintly line up (~7% 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
Aaa Corporate Bond Yield moves ~18 months before OILT
Watch Aaa Corporate Bond Yield for an early read on OILT.
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.
Explore
Advanced
Statistics
In sync(i)
59%
Headline metric
Movement correlation(i)
+26%
Based on % moves
95% CI
-9% → +56%
Likely range of correlation
Pipeline
Pipeline Summary
33 paired data points survived the monthly window.
Raw input
1,292
690
Normalized
1,292
690
Prepared
1,292
34
Aligned
33
33
Invalid removed
R²(i)
7%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
32
Thin
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
+18 months
Correlation at this shift
-79%
+53% stronger than no-shift baseline
Texas Capital Texas Oil Index ETF (OILT) shifted 18 months earlier. Reads: "Does Aaa Corporate Bond Yield today line up with Texas Capital Texas Oil Index ETF (OILT) 18 months from now?"
14 overlapping points at this shift
Baseline
+26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
-79%
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
+26%
11 periods · Return correlation when both series rose
Both Falling
-21%
8 periods · Return correlation when both series fell
Diverging
-56%
13 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,260
A: 1259 / B: 1
Series A
Aaa Corporate Bond Yield
AAA
FRED · 1,292 raw → 1,292 prepared
Series B
Texas Capital Texas Oil Index ETF (OILT)
OILT
Stock · 690 raw → 34 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
0.5645
Linear regression slope.
Intercept
0.0028
Linear regression intercept.
Saved 2 weeks ago · ID: fred-aaa_stock-oilt_monthly_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.