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Royal Gold Inc (RGLD) vs 10Y Real Yield
Correlation
of % moves
-29%
In sync
of periods
39%
History
daysdays · through 2026-09-04
1,242
These move in the same direction about 39% of the time
Their swing sizes only faintly mirror each other (~8% 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)
39%
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
1,253
5,924
Normalized
1,253
5,924
Prepared
1,253
5,924
Aligned
1,242
1,242
Invalid removed
R²(i)
8%
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
+44%
27 periods · Return correlation when both series rose
Both Falling
-44%
19 periods · Return correlation when both series fell
Diverging
-55%
95 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,693
A: 11 / B: 4682
Series A
Royal Gold Inc (RGLD)
RGLD
Stock · 1,253 raw → 1,253 prepared
Series B
10Y Real Yield
DFII10
FRED · 5,924 raw → 5,924 prepared
Sign agreement
87.4%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
-0.8046
Linear regression slope.
Intercept
0.0034
Linear regression intercept.
Saved 4 months ago · ID: fred-dfii10_stock-rgld_daily_5y