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EUR/USD Exchange Rate vs State Street SPDR S&P 500 ETF Trust (SPY)
Correlation
of % moves
+19%
In sync
of periods
58%
History
daysdays · through 2026-05-15
1,237
These move in the same direction about 58% of the time
Their swing sizes only faintly line up (~4% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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.
Advanced
Statistics
In sync(i)
57.8%
Headline metric
Movement correlation(i)
+19%
Based on % moves
95% CI
+13% → +24%
Likely range of correlation
Pipeline
Pipeline Summary
1,237 paired data points survived the daily window.
Raw input
6,864
1,253
Normalized
6,864
1,253
Prepared
6,864
1,253
Aligned
1,237
1,237
Invalid removed
R²(i)
3.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,237
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
+19%
No shift — both series at their actual dates.
1,236 overlapping points at this shift
Baseline
+19%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+19%
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%
46 periods · Return correlation when both series rose
Both Falling
+49%
44 periods · Return correlation when both series fell
Diverging
-71%
47 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,643
A: 5627 / B: 16
Series A
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,864 raw → 6,864 prepared
Series B
State Street SPDR S&P 500 ETF Trust (SPY)
SPY
Stock · 1,253 raw → 1,253 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.4229
Linear regression slope.
Intercept
0.0005
Linear regression intercept.
Saved 4 days ago · ID: fred-dexuseu_stock-spy_daily_5y