SeriesMagCorrSyncOverlapThrough
Correlation
+63%
of values
In sync
60%
of periods
History
2,497
days · through 2026-05-01
These move in the same direction about 60% of the time
Their swing sizes loosely line up (~40% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Time Series
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
59.8%
Headline metric
Movement correlation(i)
+63%
Based on values
95% CI
+61% → +65%
Likely range of correlation
Pipeline
Pipeline Summary
2,497 paired data points survived the daily window.
Raw input
5,837
2,515
Normalized
5,837
2,515
Prepared
5,837
2,515
Aligned
2,497
2,497
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
39.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
2,497
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
+63%
No shift — both series at their actual dates.
2,497 overlapping points at this shift
Baseline
+63%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+63%
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
+19%
85 periods · Return correlation when both series rose
Both Falling
+61%
62 periods · Return correlation when both series fell
Diverging
-55%
102 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,358
A: 3340 / B: 18
Series A
10Y Breakeven Inflation
T10YIE
FRED · 5,837 raw → 5,837 prepared
Series B
S&P 500
SP500
FRED · 2,515 raw → 2,515 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
2363.4995
Linear regression slope.
Intercept
-984.4318
Linear regression intercept.
Saved yesterday · ID: fred-sp500_fred-t10yie_5y