AFL vs. APD
AFL (Aflac Incorporated) and APD (Air Products and Chemicals, Inc.) are both stocks. AFL operates in Insurance - Life (Financial Services), while APD operates in Chemicals (Basic Materials). Over the past 10 years, AFL returned 15.84%/yr vs 9.60%/yr for APD. At a 0.35 correlation, their price movements are largely independent.
Performance
AFL vs. APD - Performance Comparison
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Returns By Period
In the year-to-date period, AFL achieves a 7.95% return, which is significantly lower than APD's 15.56% return. Over the past 10 years, AFL has outperformed APD with an annualized return of 15.84%, while APD has yielded a comparatively lower 9.60% annualized return.
AFL
- 1D
- 1.16%
- 1M
- 2.54%
- YTD
- 7.95%
- 6M
- 8.17%
- 1Y
- 17.23%
- 3Y*
- 21.87%
- 5Y*
- 18.60%
- 10Y*
- 15.84%
APD
- 1D
- 1.26%
- 1M
- -8.03%
- YTD
- 15.56%
- 6M
- 17.47%
- 1Y
- 2.08%
- 3Y*
- 2.22%
- 5Y*
- 1.21%
- 10Y*
- 9.60%
AFL vs. APD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFL Aflac Incorporated | 7.95% | 8.94% | 28.08% | 17.36% | 26.41% | 34.55% | -13.60% | 18.55% | 6.20% | 29.02% |
APD Air Products and Chemicals, Inc. | 15.56% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
Correlation
The correlation between AFL and APD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.35 |
The correlation between AFL and APD shifts across timeframes, from 0.23 (1 year) to 0.44 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AFL:
$60.64B
APD:
$62.77B
AFL:
$8.76
APD:
$9.45
AFL:
13.45
APD:
29.79
AFL:
3.49
APD:
1.39
AFL:
3.42
APD:
5.04
AFL:
2.70
APD:
4.01
AFL:
$18.22B
APD:
$12.46B
AFL:
$8.70B
APD:
$3.99B
AFL:
$6.67B
APD:
$4.36B
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Return for Risk
AFL vs. APD — Risk / Return Rank
AFL
APD
AFL vs. APD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aflac Incorporated (AFL) and Air Products and Chemicals, Inc. (APD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFL | APD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.09 | +1.81 |
| Martin ratioReturn relative to average drawdown | 4.72 | 0.23 | +4.48 |
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Drawdowns
AFL vs. APD - Drawdown Comparison
The maximum AFL drawdown since its inception was -82.71%, which is greater than APD's maximum drawdown of -60.30%. Use the drawdown chart below to compare losses from any high point for AFL and APD.
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Drawdown Indicators
| AFL | APD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.71% | -60.30% | -22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -22.39% | +13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -30.43% | +16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -31.77% | +11.91% |
Max Drawdown (10Y)Largest decline over 10 years | -54.89% | -31.77% | -23.12% |
Current DrawdownCurrent decline from peak | -0.37% | -13.94% | +13.57% |
Average DrawdownAverage peak-to-trough decline | -11.65% | -11.05% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 8.96% | -5.30% |
Volatility
AFL vs. APD - Volatility Comparison
Aflac Incorporated (AFL) and Air Products and Chemicals, Inc. (APD) have volatilities of 5.65% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFL | APD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 5.42% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 16.03% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.07% | 24.82% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 26.03% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.76% | 25.91% | -0.15% |
Dividends
AFL vs. APD - Dividend Comparison
AFL's dividend yield for the trailing twelve months is around 2.02%, less than APD's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFL Aflac Incorporated | 2.02% | 2.10% | 1.93% | 2.04% | 2.22% | 2.26% | 2.52% | 2.04% | 2.28% | 1.98% | 2.39% | 2.64% |
APD Air Products and Chemicals, Inc. | 2.55% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
Financials
AFL vs. APD - Financials Comparison
This section allows you to compare key financial metrics between Aflac Incorporated and Air Products and Chemicals, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AFL vs. APD - Profitability Comparison
AFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported a gross profit of 2.48B and revenue of 4.32B. Therefore, the gross margin over that period was 57.5%.
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
AFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported an operating income of 1.23B and revenue of 4.32B, resulting in an operating margin of 28.4%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
AFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported a net income of 1.02B and revenue of 4.32B, resulting in a net margin of 23.6%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
Frequently Asked Questions
AFL and APD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFL has higher volatility (5.65%) compared to APD (5.42%). In terms of maximum drawdown, AFL dropped -82.71% vs APD's -60.30%.
AFL currently has the higher Sharpe Ratio (1.02 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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