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Solana (SOL) vs HY Bond Spread
Correlation
of % moves
-32%
In sync
of periods
42%
History
daysdays · through 2026-05-20
518
These move in the same direction about 42% of the time
Their swing sizes only faintly mirror each other (~10% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
41.9%
Headline metric
Movement correlation(i)
-32%
Based on % moves
95% CI
-40% → -24%
Likely range of correlation
Pipeline
Pipeline Summary
518 paired data points survived the daily window.
Raw input
729
786
Normalized
729
786
Prepared
729
786
Aligned
518
518
Invalid removed
R²(i)
10.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
518
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
-32%
No shift — both series at their actual dates.
517 overlapping points at this shift
Baseline
-32%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-32%
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%
39 periods · Return correlation when both series rose
Both Falling
-5%
49 periods · Return correlation when both series fell
Diverging
-60%
161 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
479
A: 211 / B: 268
Series A
Solana (SOL)
SOL
Crypto · 729 raw → 729 prepared
Series B
HY Bond Spread
BAMLH0A0HYM2
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
-0.1575
Linear regression slope.
Intercept
-0.0004
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-sol_fred-bamlh0a0hym2_daily_5y