Which Is Delivering Better Returns: Stocks or Bonds?

Interpreting the Daily Stocks-to-Bonds Ratio Chart

The best way to interpret this chart is not by looking at the numbers, but the direction it's taking. A rising ratio means the stocks are doing better than bonds, and a falling ratio means bonds are now returning more to investors. You can use this to read the relative performance of stocks and bonds over longer periods, as we show below, or by zooming on shorter periods—days, weeks, and months.