AFL vs QNCX: Correlation
Aflac (AFL) and Quince Therapeutics, Inc. (QNCX) 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 QNCX?
On 3 years of weekly data the AFL/QNCX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.19 over 3. The 5-year figure is 0.00, and annualized covariance runs at -399.3 %².
Among the 32 assets we track against AFL, QNCX ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AFL ahead by 100.4 points (+10.8% versus -89.6%). Risk is not evenly split, since QNCX carries 5.8 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 QNCX: side by side
| AFL (Aflac) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.8% | -89.6% |
| 5-year return | +131.3% | -99.8% |
| Volatility (ann.) | 19.2% | 111.4% |
| Beta vs S&P 500 | 0.36 | 0.55 |
| Max drawdown (3Y) | -13.6% | -98.2% |
| 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 | QNCX |
|---|---|---|
| 2022 | +26.4% | -95.0% |
| 2023 | +17.4% | +64.8% |
| 2024 | +28.1% | +78.1% |
| 2025 | +8.9% | +79.1% |
| 2026 | +7.4% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and QNCX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AFL and QNCX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.25 over the last year and 0.00 over 5 years.
Is QNCX a good diversifier for AFL?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
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-qncx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afl-vs-qncx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFL correlations · QNCX correlations
