APD vs. AFL
APD (Air Products and Chemicals, Inc.) and AFL (Aflac Incorporated) are both stocks. APD operates in Chemicals (Basic Materials), while AFL operates in Insurance - Life (Financial Services). Over the past 10 years, APD returned 9.60%/yr vs 15.84%/yr for AFL. At a 0.35 correlation, their price movements are largely independent.
Performance
APD vs. AFL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APD achieves a 15.56% return, which is significantly higher than AFL's 7.95% return. Over the past 10 years, APD has underperformed AFL with an annualized return of 9.60%, while AFL has yielded a comparatively higher 15.84% annualized return.
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
- 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 vs. AFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AFL Aflac Incorporated | 7.95% | 8.94% | 28.08% | 17.36% | 26.41% | 34.55% | -13.60% | 18.55% | 6.20% | 29.02% |
Correlation
The correlation between APD and AFL 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 APD and AFL shifts across timeframes, from 0.23 (1 year) to 0.44 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
APD:
$62.77B
AFL:
$60.64B
APD:
$9.45
AFL:
$8.76
APD:
29.79
AFL:
13.45
APD:
1.39
AFL:
3.49
APD:
5.04
AFL:
3.42
APD:
4.01
AFL:
2.70
APD:
$12.46B
AFL:
$18.22B
APD:
$3.99B
AFL:
$8.70B
APD:
$4.36B
AFL:
$6.67B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APD vs. AFL — Risk / Return Rank
APD
AFL
APD vs. AFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and Aflac Incorporated (AFL). 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.
| APD | AFL | 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 | 1.04 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.90 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.23 | 4.72 | -4.48 |
Loading charts...
Drawdowns
APD vs. AFL - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, smaller than the maximum AFL drawdown of -82.71%. Use the drawdown chart below to compare losses from any high point for APD and AFL.
Loading charts...
Drawdown Indicators
| APD | AFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -82.71% | +22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -9.11% | -13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -13.56% | -16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -19.86% | -11.91% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -54.89% | +23.12% |
Current DrawdownCurrent decline from peak | -13.94% | -0.37% | -13.57% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -11.65% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.96% | 3.66% | +5.30% |
Volatility
APD vs. AFL - Volatility Comparison
Air Products and Chemicals, Inc. (APD) and Aflac Incorporated (AFL) have volatilities of 5.42% and 5.65%, 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.
Loading charts...
Volatility by Period
| APD | AFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.65% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 12.28% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 17.07% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 20.93% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.91% | 25.76% | +0.15% |
Dividends
APD vs. AFL - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.55%, more than AFL's 2.02% 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
APD vs. AFL - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, Inc. and Aflac Incorporated. 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
APD vs. AFL - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
APD and AFL 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, APD dropped -60.30% vs AFL's -82.71%.
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.
Find the right allocation for APD and AFL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer