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Retail Sales vs Energy Select Sector SPDR Fund (XLE)
Correlation
of % moves
+43%
In sync
of periods
69%
History
monthsmonths · through 2026-07
59
These move in the same direction about 69% of the time
Their swing sizes loosely line up (~18% 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.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
69%
Headline metric
Movement correlation(i)
+43%
Based on % moves
95% CI
+19% → +62%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
415
1,253
Normalized
415
1,253
Prepared
415
61
Aligned
59
59
Invalid removed
R²(i)
18%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
58
Thin
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+43%
No shift — both series at their actual dates.
58 overlapping points at this shift
Baseline
+43%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+43%
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
+22%
27 periods · Return correlation when both series rose
Both Falling
+19%
13 periods · Return correlation when both series fell
Diverging
-59%
18 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
358
A: 356 / B: 2
Series A
Retail Sales
RSAFS
FRED · 415 raw → 415 prepared
Series B
XLE
Stock · 1,253 raw → 61 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
2.4048
Linear regression slope.
Intercept
0.0048
Linear regression intercept.
Saved 2 weeks ago · ID: fred-rsafs_stock-xle_monthly_5y