Loading market view
Loading market view
Loading correlations
Correlation
of values
+29%
In sync
of periods
48%
History
daysdays · through 2026-07-06
2,061
These move in the same direction about 48% of the time
Their swing sizes only faintly line up (~8% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
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)
48%
Headline metric
Movement correlation(i)
+29%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
2,061 paired data points survived the daily window.
Raw input
5,881
2,061
Normalized
5,881
2,061
Prepared
5,881
2,061
Aligned
2,061
2,061
Invalid removed
8%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
2,061
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.
2,061 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
-24%
14 periods · Return correlation when both series rose
Both Falling
-9%
11 periods · Return correlation when both series fell
Diverging
-31%
39 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,820
A: 3820 / B: 0
Series A
10Y Breakeven Inflation
T10YIE
FRED · 5,881 raw → 5,881 prepared
Series B
Secured Overnight Financing Rate
SOFR
FRED · 2,061 raw → 2,061 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
1.5368
Linear regression slope.
Intercept
-0.6437
Linear regression intercept.
Saved 3 months ago · ID: fred-sofr_fred-t10yie_daily_5y