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TRON (TRX) vs ICE BofA BBB US Corporate Index Option-Adjusted Spread
Correlation
of % moves
-12%
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 (~1% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
41.7%
Headline metric
Movement correlation(i)
-12%
Based on % moves
95% CI
-20% → -3%
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)
1.4%
Variance explained
Significance
p < 0.01
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
-12%
No shift — both series at their actual dates.
517 overlapping points at this shift
Baseline
-12%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-12%
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
-10%
51 periods · Return correlation when both series rose
Both Falling
-3%
49 periods · Return correlation when both series fell
Diverging
-23%
149 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
TRON (TRX)
TRX
Crypto · 729 raw → 729 prepared
Series B
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
-0.0428
Linear regression slope.
Intercept
-0.0002
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-trx_fred-bamlc0a4cbbb_daily_5y