AFL vs MET: Correlation
Aflac (AFL) and MetLife (MET) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and MET?
Across a 3-year window, the weekly returns of AFL and MET correlate at 0.60, strong. The past 12 months show a weaker link (0.33) than the 3-year average (0.60). Stretching to 5 years gives 0.71, with an annualized covariance of 270.3 %².
Among the 32 assets we track against AFL, MET ranks #9 by 3-year correlation. Over the last 12 months MET came out ahead by 11.3 percentage points (+10.8% against +22.1%). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.83.
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 MET: side by side
| AFL (Aflac) | MET (MetLife) | |
|---|---|---|
| 1-year return | +10.8% | +22.1% |
| 5-year return | +131.3% | +80.8% |
| Volatility (ann.) | 19.2% | 23.3% |
| Beta vs S&P 500 | 0.36 | 0.89 |
| Max drawdown (3Y) | -13.6% | -22.0% |
| Market cap | $58.4B | $61.2B |
| P/E (trailing) | 12.6 | 18.5 |
| Dividend yield | 2.03% | 2.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AFL | MET |
|---|---|---|
| 2022 | +26.4% | +19.2% |
| 2023 | +17.4% | -5.5% |
| 2024 | +28.1% | +27.7% |
| 2025 | +8.9% | -0.8% |
| 2026 | +7.4% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and MET good diversifiers for each other?
To a limited degree. At 0.60 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 MET?
The AFL/MET correlation stands at 0.60 on a 3-year window (1 year: 0.33, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is MET a good diversifier for AFL?
To a limited degree. At 0.60 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 0.60 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-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afl-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFL correlations · MET correlations
