← Browse all charts Are investors favoring stocks or long-term Treasury bonds?
SPY / TLT Ratio
9.598 -0.50% close-to-close +22.7% YTD Close of Oct 20, 2026
This chart shows whether investors are favoring US stocks or long-term Treasury bonds as the market regime changes.
The deep history is for NASDUCK paid members.
This free chart covers the last five years. Everything older, plus the CSV and JSON downloads, comes with a paid NASDUCK subscription.
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The latest values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.
Use Price for the raw chart and % from view start when you want to compare the move across any chosen window. In percent mode, the first visible session becomes 0% and the scale stays linear. Log is available only when every loaded price is positive. Tip: drag to pan, scroll or pinch to zoom, and use Reset view to snap back quickly.
Dates & readable data
How To Read It
- A rising line means SPY is outperforming TLT; a falling line means TLT is taking the lead.
- Use shorter windows for tactical leadership changes and longer windows for regime shifts.
- The most important reversals are the ones that break a long trend, not just a single volatile day.
Next step Charts show what moved. NASDUCK asks why.
Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.