AFL vs RDZN: Correlation
Aflac (AFL) and Roadzen, Inc. (RDZN) 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 RDZN?
Across a 3-year window, the weekly returns of AFL and RDZN correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -441.0 %².
By 3-year correlation, RDZN places #26 of the 32 assets tracked against AFL. Correlation aside, the last 12 months split them widely, with RDZN ahead by 39.7 points (+10.8% versus +50.5%). Risk is not evenly split, since RDZN carries 6.4 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 RDZN: side by side
| AFL (Aflac) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | +10.8% | +50.5% |
| 5-year return | +131.3% | -84.9% |
| Volatility (ann.) | 19.2% | 122.6% |
| Beta vs S&P 500 | 0.36 | 1.57 |
| Max drawdown (3Y) | -13.6% | -94.0% |
| Market cap | $58.4B | $0.1B |
| P/E (trailing) | 12.6 | 6.8 |
| Dividend yield | 2.03% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AFL | RDZN |
|---|---|---|
| 2022 | +26.4% | – |
| 2023 | +17.4% | -50.3% |
| 2024 | +28.1% | -57.2% |
| 2025 | +8.9% | +10.6% |
| 2026 | +7.4% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and RDZN 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 RDZN?
As of 2026-08-27, the correlation of weekly returns between AFL and RDZN is -0.19 over 3 years, -0.23 over 1 year and -0.13 over 5 years.
Is RDZN 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?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afl-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afl-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFL correlations · RDZN correlations
