AFL vs RGA: Correlation
Aflac (AFL) and Reinsurance Group of America, Incorporated (RGA) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and RGA?
Across a 3-year window, the weekly returns of AFL and RGA correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 261.7 %².
Within AFL's tracked universe of 32 assets, RGA comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RGA outperformed by 18.2 percentage points (+10.8% for AFL against +29.0% for RGA).
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 RGA: side by side
| AFL (Aflac) | RGA (Reinsurance Group of America, Incorporated) | |
|---|---|---|
| 1-year return | +10.8% | +29.0% |
| 5-year return | +131.3% | +136.6% |
| Volatility (ann.) | 19.2% | 23.0% |
| Beta vs S&P 500 | 0.36 | 0.60 |
| Max drawdown (3Y) | -13.6% | -27.1% |
| Market cap | $58.4B | $16.1B |
| P/E (trailing) | 12.6 | 10.9 |
| Dividend yield | 2.03% | 1.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AFL | RGA |
|---|---|---|
| 2022 | +26.4% | +33.0% |
| 2023 | +17.4% | +16.4% |
| 2024 | +28.1% | +34.4% |
| 2025 | +8.9% | -3.0% |
| 2026 | +7.4% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and RGA good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFL and RGA?
As of 2026-08-27, the correlation of weekly returns between AFL and RGA is 0.59 over 3 years, 0.64 over 1 year and 0.57 over 5 years.
Is RGA a good diversifier for AFL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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-rga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afl-vs-rga/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFL correlations · RGA correlations
