AFL vs ARTL: Correlation
Aflac (AFL) and Artelo Biosciences, Inc. (ARTL) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and ARTL?
Over the past 3 years, AFL and ARTL moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.19 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -487.0 %².
Within AFL's tracked universe of 32 assets, ARTL comes in at #23 by 3-year correlation. The last year tells two different stories: AFL led by 108.4 percentage points, +10.8% for AFL against -97.6% for ARTL. Risk is not evenly split, since ARTL carries 7.1 times the volatility of the other side.
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 ARTL: side by side
| AFL (Aflac) | ARTL (Artelo Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +10.8% | -97.6% |
| 5-year return | +131.3% | -99.7% |
| Volatility (ann.) | 19.2% | 136.9% |
| Beta vs S&P 500 | 0.36 | -0.54 |
| Max drawdown (3Y) | -13.6% | -99.2% |
| Market cap | $58.4B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.03% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AFL | ARTL |
|---|---|---|
| 2022 | +26.4% | -62.9% |
| 2023 | +17.4% | -51.6% |
| 2024 | +28.1% | -24.3% |
| 2025 | +8.9% | -80.8% |
| 2026 | +7.4% | -81.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and ARTL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between AFL and ARTL?
As of 2026-08-27, the correlation of weekly returns between AFL and ARTL is -0.19 over 3 years, -0.31 over 1 year and -0.06 over 5 years.
Is ARTL a good diversifier for AFL?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afl-vs-artl.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFL correlations · ARTL correlations
