AFL vs CNA: Correlation
How closely do Aflac (AFL) and CNA Financial Corporation (CNA) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and CNA?
Over the past 3 years, AFL and CNA moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 230.6 %².
By 3-year correlation, CNA places #7 of the 32 assets tracked against AFL. Neither side won the trailing year by much: +10.8% against +7.6%.
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 CNA: side by side
| AFL (Aflac) | CNA (CNA Financial Corporation) | |
|---|---|---|
| 1-year return | +10.8% | +7.6% |
| 5-year return | +131.3% | +64.0% |
| Volatility (ann.) | 19.2% | 19.8% |
| Beta vs S&P 500 | 0.36 | 0.21 |
| Max drawdown (3Y) | -13.6% | -14.6% |
| Market cap | $58.4B | $13.2B |
| P/E (trailing) | 12.6 | 10.9 |
| Dividend yield | 2.03% | 3.80% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AFL | CNA |
|---|---|---|
| 2022 | +26.4% | +3.8% |
| 2023 | +17.4% | +7.1% |
| 2024 | +28.1% | +24.0% |
| 2025 | +8.9% | +7.0% |
| 2026 | +7.4% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and CNA good diversifiers for each other?
To a limited degree. At 0.61 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 AFL and CNA?
As of 2026-08-27, the correlation of weekly returns between AFL and CNA is 0.61 over 3 years, 0.56 over 1 year and 0.65 over 5 years.
Is CNA a good diversifier for AFL?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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-cna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afl-vs-cna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFL correlations · CNA correlations
