The relationship between the galactic cosmic ray modulation (CR) and the no
n-flare coronal level, as given by the solar soft X-ray background (XBG), i
s investigated from 1 July 1968 to 30 June 1980 on a daily basis. The stati
onarity problem of a multivariate time series, as well as the role of the s
hort- and medium-term corona variability are faced. From them it is found t
hat the CR/XBG relation is variable during the considered heliomagnetic sem
icycle, while CR and XBG are highly anticorrelated on a long-time scale (12
-month averages). The CR/XBG relationship during the declining phase of sol
ar activity shows a moderately strong anticorrelation, on short- and medium
-term time scales (coefficient up to -0.77 for 27-day running averages), we
nt towards insignificant values in the minimum phase and is only partially
reconstructed during the rise of the following solar cycle. During the sola
r activity maximum of cycle 20 the cosmic-ray modulation is only related to
the short-term coronal fluctuations (no other time scales are significant,
supporting the reliability of the so-called 'Gnevyshev gap' in solar param
eters).