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Rocket Companies, Inc. (RKT) vs ICE BofA US High Yield Index Effective Yield
Correlation
of % moves
-43%
In sync
of periods
29%
History
daysdays · through 2026-07-06
750
These move in the same direction about 29% of the time
Their swing sizes loosely mirror each other (~19% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
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)
29%
Headline metric
Movement correlation(i)
-43%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
750 paired data points survived the daily window.
Raw input
1,254
785
Normalized
1,254
785
Prepared
1,254
785
Aligned
750
750
Invalid removed
19%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
749
Robust
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
-43%
No shift — both series at their actual dates.
749 overlapping points at this shift
Baseline
-43%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-43%
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
+64%
33 periods · Return correlation when both series rose
Both Falling
-15%
40 periods · Return correlation when both series fell
Diverging
-70%
162 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
539
A: 504 / B: 35
Series A
Rocket Companies, Inc. (RKT)
RKT
Stock · 1,254 raw → 1,254 prepared
Series B
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
41
Estimated crossover points between normalized spreads.
Slope
-0.1251
Linear regression slope.
Intercept
-0.0002
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlh0a0hym2ey_stock-rkt_daily_5y