AFG vs UNM: Correlation
How closely do American Financial Group, Inc. (AFG) and Unum Group (UNM) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and UNM?
On 3 years of weekly data the AFG/UNM correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 250.7 %².
Among the 19 assets we track against AFG, UNM ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UNM ahead by 25.8 points (+10.4% versus +36.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AFG vs UNM: side by side
| AFG (American Financial Group, Inc.) | UNM (Unum Group) | |
|---|---|---|
| 1-year return | +10.4% | +36.2% |
| 5-year return | +56.7% | +305.6% |
| Volatility (ann.) | 19.5% | 23.8% |
| Beta vs S&P 500 | 0.43 | 0.49 |
| Max drawdown (3Y) | -19.8% | -17.9% |
| Market cap | $11.8B | $14.6B |
| P/E (trailing) | 12.7 | 21.3 |
| Dividend yield | 2.43% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFG | UNM |
|---|---|---|
| 2022 | +10.9% | +73.6% |
| 2023 | -7.6% | +13.7% |
| 2024 | +23.8% | +66.3% |
| 2025 | +5.4% | +8.6% |
| 2026 | +7.7% | +21.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and UNM good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AFG and UNM?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.53 over the last year and 0.58 over 5 years.
Is UNM a good diversifier for AFG?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afg-vs-unm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afg-vs-unm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFG correlations · UNM correlations
