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NASDAQ Composite vs State Street SPDR S&P 500 ETF Trust (SPY)
Correlation
of % moves
+96%
In sync
of periods
89%
History
daysdays · through 2026-07-07
1,252
These move in the same direction about 89% of the time
When one swings, the other almost always swings by a closely matched amount (~92% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
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)
89%
Headline metric
Movement correlation(i)
+96%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,252 paired data points survived the daily window.
Raw input
13,971
1,254
Normalized
13,971
1,254
Prepared
13,971
1,254
Aligned
1,252
1,252
Invalid removed
92%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,251
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
+96%
No shift — both series at their actual dates.
1,251 overlapping points at this shift
Baseline
+96%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+96%
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
+92%
72 periods · Return correlation when both series rose
Both Falling
+91%
56 periods · Return correlation when both series fell
Diverging
-29%
13 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
12,721
A: 12719 / B: 2
Series A
NASDAQ Composite
NASDAQCOM
FRED · 13,971 raw → 13,971 prepared
Series B
State Street SPDR S&P 500 ETF Trust (SPY)
SPY
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.7255
Linear regression slope.
Intercept
0.0001
Linear regression intercept.
Saved 2 months ago · ID: fred-nasdaqcom_stock-spy_daily_5y