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Venture Global, Inc. (VG) vs HY Bond Spread
Correlation
of % moves
-29%
In sync
of periods
47%
History
daysdays · through 2026-05-20
332
These move opposite each other about 47% of the time
Their swing sizes only faintly mirror each other (~8% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
47.1%
Headline metric
Movement correlation(i)
-29%
Based on % moves
95% CI
-39% → -19%
Likely range of correlation
Pipeline
Pipeline Summary
332 paired data points survived the daily window.
Raw input
624
786
Normalized
624
786
Prepared
624
786
Aligned
332
332
Invalid removed
R²(i)
8.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
332
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
-29%
No shift — both series at their actual dates.
331 overlapping points at this shift
Baseline
-29%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-29%
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
+4%
52 periods · Return correlation when both series rose
Both Falling
+25%
59 periods · Return correlation when both series fell
Diverging
-53%
138 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
746
A: 292 / B: 454
Series A
Venture Global, Inc. (VG)
VG
Stock · 624 raw → 624 prepared
Series B
HY Bond Spread
BAMLH0A0HYM2
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
-0.1231
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 2 weeks ago · ID: fred-bamlh0a0hym2_stock-vg_daily_5y