## Figure 1.10.  Correlations and Interconnectedness

## Source details

**Canonical URL:** [Figure 1.10.  Correlations and Interconnectedness](https://www.imf.org/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-10.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-10.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-10.csv.json)

---

### 1. Average Correlations
- Descriptor: (90-day rolling versus S&P 500; cap weighted)
- Snapshot date: 1/1/2015
- Key statistics:
  - Across sectors: 0.846
  - Within sectors: 0.727

### 2. Average Correlations (Versus the United States)
- Descriptor: (Versus the United States; five-year rolling window)
- Snapshot date: 3/30/2001
- Key statistics:
  - Advanced economies: 0.745
  - EM excluding China: 0.51
  - China: 0.255

### 3. Average Correlations with the S&P 500
- Snapshot date: 1/31/1990
- Key statistics:
  - Commodities: -0.078
  - US Treasuries: -0.252
  - US credit: 

### 4. Corporate Bond Market Turnover
- Descriptor: (Ratio of trading volumes to amunts outstanding, percent)
- Snapshot date: 3/31/2006
- Key statistics:
  - Investment-grade bonds: 98.17
  - High-yield bonds: 199.74

*Source: figure1-10 dataset (csv worksheet sample rows).*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-10.csv_