Our Related Movers tool evaluated that Utilities lag Rates about 58% of the time by 8-10 days on average. But Utilities might lead to Rates, it happens only 16% of the time.

Below there is a lead/lag historical chart between Utilities (XLU) and Rates (10Y US).

Utilities are rate-sensitive and offer a lot of “trading opps”, which is why one of our clients asked us: “Could TenViz quantify this dependency? When it works and when it doesn’t work?”

The red areas show the periods of time when Utilities lag Rates.

The green areas show the periods of time when Utilities lead rates.

What dependencies want you check next?