AFL vs. TRV

Last updated Jun 13, 2026

AFL (Aflac Incorporated) and TRV (The Travelers Companies, Inc.) are both stocks. Both are in the Financial Services sector — AFL in Insurance - Life, TRV in Insurance - Property & Casualty. Over the past 10 years, AFL returned 15.84%/yr vs 12.87%/yr for TRV. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

AFL vs. TRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aflac Incorporated (AFL) and The Travelers Companies, Inc. (TRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFL achieves a 7.95% return, which is significantly higher than TRV's 5.79% return. Over the past 10 years, AFL has outperformed TRV with an annualized return of 15.84%, while TRV has yielded a comparatively lower 12.87% 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%

TRV

• 1D: 0.18%
• 1M: 3.63%
• YTD: 5.79%
• 6M: 7.55%
• 1Y: 16.30%
• 3Y*: 22.19%
• 5Y*: 16.78%
• 10Y*: 12.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFL vs. TRV - 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%
TRV The Travelers Companies, Inc.	5.79%	22.38%	28.76%	3.93%	22.42%	13.96%	5.31%	17.00%	-9.64%	13.36%

Correlation

The correlation between AFL and TRV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 22, 1996	0.51

The correlation between AFL and TRV shifts across timeframes, from 0.51 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AFL : $60.64B TRV : $66.49B
EPS AFL : $8.76 TRV : $33.83
PE Ratio AFL : 13.45 TRV : 9.00
PEG Ratio AFL : 3.49 TRV : 0.42
PS Ratio AFL : 3.42 TRV : 1.40
PB Ratio AFL : 2.70 TRV : 2.08
Total Revenue (TTM) AFL : $18.22B TRV : $48.94B
Gross Profit (TTM) AFL : $8.70B TRV : $16.00B
EBITDA (TTM) AFL : $6.67B TRV : $8.15B

Return for Risk

AFL vs. TRV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFL

AFL Risk / Return Rank: 72
AFL Sharpe Ratio Rank: 74
AFL Sortino Ratio Rank: 68
AFL Omega Ratio Rank: 65
AFL Calmar Ratio Rank: 76
AFL Martin Ratio Rank: 76

TRV

TRV Risk / Return Rank: 70
TRV Sharpe Ratio Rank: 71
TRV Sortino Ratio Rank: 65
TRV Omega Ratio Rank: 62
TRV Calmar Ratio Rank: 76
TRV Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFL vs. TRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aflac Incorporated (AFL) and The Travelers Companies, Inc. (TRV). 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	TRV	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.88	+0.13
Sortino ratio: Return per unit of downside risk	1.52	1.35	+0.17
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.01
Calmar ratio: Return relative to maximum drawdown	1.90	1.97	-0.07
Martin ratio: Return relative to average drawdown	4.72	4.83	-0.11

AFL vs. TRV - Sharpe Ratio Comparison

The current AFL Sharpe Ratio is 1.02, which is comparable to the TRV Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of AFL and TRV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFL vs. TRV - Drawdown Comparison

The maximum AFL drawdown since its inception was -82.71%, which is greater than TRV's maximum drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for AFL and TRV.

Drawdown Indicators

	AFL	TRV	Difference
Max Drawdown Largest peak-to-trough decline	-82.71%	-55.11%	-27.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-8.31%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-13.56%	-12.47%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-19.86%	-18.90%	-0.96%
Max Drawdown (10Y) Largest decline over 10 years	-54.89%	-46.28%	-8.61%
Current Drawdown Current decline from peak	-0.37%	-1.66%	+1.29%
Average Drawdown Average peak-to-trough decline	-11.65%	-11.11%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	3.39%	+0.27%

Volatility

AFL vs. TRV - Volatility Comparison

The current volatility for Aflac Incorporated (AFL) is 5.65%, while The Travelers Companies, Inc. (TRV) has a volatility of 6.11%. This indicates that AFL experiences smaller price fluctuations and is considered to be less risky than TRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFL	TRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.11%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	12.74%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.07%	18.63%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	21.87%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.76%	24.40%	+1.36%

Dividends

AFL vs. TRV - Dividend Comparison

AFL's dividend yield for the trailing twelve months is around 2.02%, more than TRV's 1.49% 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%
TRV The Travelers Companies, Inc.	1.49%	1.50%	1.72%	2.06%	1.96%	2.23%	2.40%	2.36%	2.53%	2.09%	2.14%	2.11%

Financials

AFL vs. TRV - Profitability Comparison

The chart below illustrates the profitability comparison between Aflac Incorporated and The Travelers Companies, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

TRV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a gross profit of 0.00 and revenue of 11.92B. Therefore, the gross margin over that period was 0.0%.

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%.

TRV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported an operating income of 0.00 and revenue of 11.92B, resulting in an operating margin of 0.0%.

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%.

TRV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a net income of 1.71B and revenue of 11.92B, resulting in a net margin of 14.4%.

Frequently Asked Questions

Can I hold both AFL and TRV in my portfolio?

AFL and TRV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFL or TRV?

TRV has higher volatility (6.11%) compared to AFL (5.65%). In terms of maximum drawdown, AFL dropped -82.71% vs TRV's -55.11%.

Which has better risk-adjusted returns?

AFL currently has the higher Sharpe Ratio (1.02 vs 0.88), 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.