Loading market view
Loading market view
Loading correlations
Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) vs 1Y Treasury Yield
Correlation
of % moves
-30%
In sync
of periods
30%
History
daysdays · through 2026-07-06
1,242
These move in the same direction about 30% of the time
Their swing sizes only faintly mirror each other (~9% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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)
30%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,242 paired data points survived the daily window.
Raw input
1,254
16,111
Normalized
1,254
16,111
Prepared
1,254
16,111
Aligned
1,242
1,242
Invalid removed
9%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,241
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
-30%
No shift — both series at their actual dates.
1,241 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-30%
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%
14 periods · Return correlation when both series rose
Both Falling
+12%
18 periods · Return correlation when both series fell
Diverging
-45%
108 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,881
A: 12 / B: 14869
Series A
Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF)
TMF
Stock · 1,254 raw → 1,254 prepared
Series B
1Y Treasury Yield
DGS1
FRED · 16,111 raw → 16,111 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
-0.3523
Linear regression slope.
Intercept
0.0026
Linear regression intercept.
Saved 3 months ago · ID: fred-dgs1_stock-tmf_daily_5y