CNF vs. AFL

Last updated Apr 1, 2026

Compare and contrast key facts about CNFinance Holdings Limited (CNF) and Aflac Incorporated (AFL).

Performance

CNF vs. AFL - Performance Comparison

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

CNF vs. AFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CNF CNFinance Holdings Limited	-35.37%	-36.32%	-57.21%	29.82%	-58.09%	-3.09%	5.25%	-27.40%	-27.02%
AFL Aflac Incorporated	0.02%	8.94%	28.08%	17.36%	26.41%	34.55%	-13.60%	18.55%	3.27%

Fundamentals

Market Cap CNF : $1.32M AFL : $58.37B
EPS CNF : -$150.19 AFL : $6.83
PS Ratio CNF : 0.00 AFL : 3.38
PB Ratio CNF : 0.00 AFL : 1.98
Total Revenue (TTM) CNF : $359.92M AFL : $17.36B
Gross Profit (TTM) CNF : $359.92M AFL : $6.71B
EBITDA (TTM) CNF : $0.00 AFL : $5.53B

Returns By Period

In the year-to-date period, CNF achieves a -35.37% return, which is significantly lower than AFL's 0.02% return.

CNF

• 1D: -3.92%
• 1M: -25.25%
• YTD: -35.37%
• 6M: -6.68%
• 1Y: -49.87%
• 3Y*: -45.90%
• 5Y*: -36.37%
• 10Y*: —

AFL

• 1D: 1.42%
• 1M: -2.85%
• YTD: 0.02%
• 6M: -0.74%
• 1Y: 0.81%
• 3Y*: 21.99%
• 5Y*: 19.06%
• 10Y*: 15.76%

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

Return for Risk

CNF vs. AFL — Risk / Return Rank

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

CNF

CNF Risk / Return Rank: 24
CNF Sharpe Ratio Rank: 25
CNF Sortino Ratio Rank: 34
CNF Omega Ratio Rank: 33
CNF Calmar Ratio Rank: 17
CNF Martin Ratio Rank: 13

AFL

AFL Risk / Return Rank: 41
AFL Sharpe Ratio Rank: 43
AFL Sortino Ratio Rank: 35
AFL Omega Ratio Rank: 35
AFL Calmar Ratio Rank: 47
AFL Martin Ratio Rank: 47

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.

CNF vs. AFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNFinance Holdings Limited (CNF) 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.

	CNF	AFL	Difference
Sharpe ratio Return per unit of total volatility	-0.36	0.04	-0.40
Sortino ratio Return per unit of downside risk	0.15	0.19	-0.04
Omega ratio Gain probability vs. loss probability	1.02	1.03	-0.01
Calmar ratio Return relative to maximum drawdown	-0.71	0.17	-0.87
Martin ratio Return relative to average drawdown	-1.36	0.37	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNF vs. AFL - Sharpe Ratio Comparison

The current CNF Sharpe Ratio is -0.36, which is lower than the AFL Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of CNF and AFL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNF	AFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	0.04	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.92	-1.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	0.48	-0.87

Correlation

The correlation between CNF and AFL is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CNF vs. AFL - Dividend Comparison

CNF has not paid dividends to shareholders, while AFL's dividend yield for the trailing twelve months is around 2.14%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNF CNFinance Holdings Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AFL Aflac Incorporated	2.14%	2.10%	1.93%	2.04%	2.22%	2.26%	2.52%	2.04%	2.28%	1.98%	2.39%	2.64%

Drawdowns

CNF vs. AFL - Drawdown Comparison

The maximum CNF drawdown since its inception was -96.82%, which is greater than AFL's maximum drawdown of -82.71%. Use the drawdown chart below to compare losses from any high point for CNF and AFL.

Drawdown Indicators

	CNF	AFL	Difference
Max Drawdown Largest peak-to-trough decline	-96.82%	-82.71%	-14.11%
Max Drawdown (1Y) Largest decline over 1 year	-71.43%	-12.29%	-59.14%
Max Drawdown (5Y) Largest decline over 5 years	-95.93%	-19.86%	-76.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.89%	—
Current Drawdown Current decline from peak	-94.82%	-6.11%	-88.71%
Average Drawdown Average peak-to-trough decline	-60.87%	-11.70%	-49.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.12%	5.67%	+31.45%

Volatility

CNF vs. AFL - Volatility Comparison

CNFinance Holdings Limited (CNF) has a higher volatility of 23.71% compared to Aflac Incorporated (AFL) at 4.32%. This indicates that CNF's price experiences larger fluctuations and is considered to be riskier than AFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNF	AFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.71%	4.32%	+19.39%
Volatility (6M) Calculated over the trailing 6-month period	60.24%	11.80%	+48.44%
Volatility (1Y) Calculated over the trailing 1-year period	138.45%	20.45%	+118.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.18%	20.86%	+72.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.90%	25.70%	+59.20%

Financials

CNF vs. AFL - Profitability Comparison

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

CNF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CNFinance Holdings Limited reported a gross profit of 44.03M and revenue of 44.03M. Therefore, the gross margin over that period was 100.0%.

AFL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Aflac Incorporated reported a gross profit of 2.93B and revenue of 4.90B. Therefore, the gross margin over that period was 59.9%.

CNF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CNFinance Holdings Limited reported an operating income of 15.54M and revenue of 44.03M, resulting in an operating margin of 35.3%.

AFL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Aflac Incorporated reported an operating income of 1.60B and revenue of 4.90B, resulting in an operating margin of 32.7%.

CNF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CNFinance Holdings Limited reported a net income of -20.19M and revenue of 44.03M, resulting in a net margin of -45.9%.

AFL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Aflac Incorporated reported a net income of 1.38B and revenue of 4.90B, resulting in a net margin of 28.2%.