AFL vs AIZ: Correlation
Aflac (AFL) and Assurant (AIZ) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and AIZ?
On 3 years of weekly data the AFL/AIZ correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.62 over 3. The 5-year figure is 0.53, and annualized covariance runs at 254.8 %².
Among the 32 assets we track against AFL, AIZ ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AIZ outperformed by 23.3 percentage points (+10.8% for AFL against +34.1% for AIZ). On a rolling one-year basis the correlation drifted between 0.31 and 0.70, a moderate band.
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.
AFL vs AIZ: side by side
| AFL (Aflac) | AIZ (Assurant) | |
|---|---|---|
| 1-year return | +10.8% | +34.1% |
| 5-year return | +131.3% | +83.5% |
| Volatility (ann.) | 19.2% | 21.5% |
| Beta vs S&P 500 | 0.36 | 0.60 |
| Max drawdown (3Y) | -13.6% | -20.8% |
| Market cap | $58.4B | $14.1B |
| P/E (trailing) | 12.6 | 13.8 |
| Dividend yield | 2.03% | 1.19% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AFL | AIZ |
|---|---|---|
| 2022 | +26.4% | -18.3% |
| 2023 | +17.4% | +37.5% |
| 2024 | +28.1% | +28.5% |
| 2025 | +8.9% | +14.7% |
| 2026 | +7.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and AIZ good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFL and AIZ?
As of 2026-08-27, the correlation of weekly returns between AFL and AIZ is 0.62 over 3 years, 0.57 over 1 year and 0.53 over 5 years.
Is AIZ a good diversifier for AFL?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afl-vs-aiz.json
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Related comparisons
Hubs: AFL correlations · AIZ correlations
