AFL vs EG: Correlation
Aflac (AFL) and Everest Group (EG) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and EG?
On 3 years of weekly data the AFL/EG correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 213.0 %².
Within AFL's tracked universe of 32 assets, EG comes in at #18 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.8% for AFL and +11.3% for EG. On a rolling one-year basis the correlation drifted between 0.23 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 EG: side by side
| AFL (Aflac) | EG (Everest Group) | |
|---|---|---|
| 1-year return | +10.8% | +11.3% |
| 5-year return | +131.3% | +57.2% |
| Volatility (ann.) | 19.2% | 22.2% |
| Beta vs S&P 500 | 0.36 | 0.28 |
| Max drawdown (3Y) | -13.6% | -23.8% |
| Market cap | $58.4B | $14.5B |
| P/E (trailing) | 12.6 | 8.0 |
| Dividend yield | 2.03% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AFL | EG |
|---|---|---|
| 2022 | +26.4% | +23.7% |
| 2023 | +17.4% | +8.7% |
| 2024 | +28.1% | +4.6% |
| 2025 | +8.9% | -5.3% |
| 2026 | +7.4% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and EG good diversifiers for each other?
Only partially. A correlation of 0.50 means AFL and EG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AFL and EG?
As of 2026-08-27, the correlation of weekly returns between AFL and EG is 0.50 over 3 years, 0.49 over 1 year and 0.54 over 5 years.
Is EG a good diversifier for AFL?
Only partially. A correlation of 0.50 means AFL and EG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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-eg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afl-vs-eg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFL correlations · EG correlations
