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10Y Real Yield vs Utilities Select Sector SPDR Fund (XLU)
Correlation
of % moves
-31%
In sync
of periods
39%
History
daysdays · through 2026-08-31
1,241
These move in the same direction about 39% of the time
Their swing sizes only faintly mirror each other (~10% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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)
39%
Headline metric
Movement correlation(i)
-31%
Based on % moves
95% CI
-36% → -26%
Likely range of correlation
Pipeline
Pipeline Summary
1,241 paired data points survived the daily window.
Raw input
5,920
1,254
Normalized
5,920
1,254
Prepared
5,920
1,254
Aligned
1,241
1,241
Invalid removed
R²(i)
10%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
1,240
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
-31%
No shift — both series at their actual dates.
1,240 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-31%
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
+16%
30 periods · Return correlation when both series rose
Both Falling
+9%
20 periods · Return correlation when both series fell
Diverging
-76%
87 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,692
A: 4679 / B: 13
Series A
10Y Real Yield
DFII10
FRED · 5,920 raw → 5,920 prepared
Series B
XLU
Stock · 1,254 raw → 1,254 prepared
Sign agreement
87.2%
How often both values share the same sign.
Zero crossings
36
Estimated crossover points between normalized spreads.
Slope
-0.0605
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dfii10-vs-stock-xlu-daily