# How Aflac (AFL) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/afl
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on AFL alone. It places AFL (Aflac Incorporated) against 18 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where AFL stands in the market, and of the alternatives worth a closer look.

Period covered: AFL's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** Its life insurance peers split over the past 3 months: CRBG (Corebridge Financial) rose 12.7%, while BHF (Brighthouse Financial) fell 26.6%. Over the past 3 months, AFL fell 2.6% while the S&P 500 rose 3.9%.
- **Stock or market?:** AFL fell 2.6% over the past 3 months, in line with the life insurance ETF KIE (State Street SPDR S&P Insurance ETF), which fell 1.2%. The S&P 500 rose 3.9%. Its life insurance peers did not move as one over the past 3 months: CRBG (Corebridge Financial) rose 12.7%, while BHF (Brighthouse Financial) fell 26.6%.
- **Past 1 to 3 years:** AFL has trailed the market, rising 12.9% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (65.2% against 89.3%).
- **Long term:** AFL turned $10,000 into $43,500 over the past decade, against $42,100 in the S&P 500. AFL's 10-year return of 335% puts it ahead of 77% of the stocks worth at least $300 million with that much history. The S&P 500 returned 321%.
- **In a crash:** Across seven sell-offs, AFL has typically fallen 1.2 times as far as the S&P 500. Even so, in the 2022 bear market, AFL held up better than PRU (Prudential Financial), PFG and EQH; only UNM (Unum Group) and GL fell less.
- **Diversification:** AFL is some diversification, but not a hedge: a correlation of 0.43 with the S&P 500 over 5 years and 0.42 with the total US market, more closely than 57% of stocks worth at least $300 million. Over 10 years AFL kept more of the market's gains than of its losses: 83% of the S&P 500's gains in rising months and 71% of its losses in falling ones, with a beta of 0.79.
- **Better options**
  - **Nearby categories and themes:** TRV (Travelers Companies, property & casualty insurance) earned more than AFL over the past 5 years with similar volatility: 22.4% a year at 22.3% volatility, against 19.0% a year at 20.8%.
  - **Whole market:** Few investments have done better on both counts: only five of the 3,633 stocks and funds worth at least $500 million earned more than AFL with less volatility over the past 5 years, among them MPLX, DXJ (WisdomTree Japan Hedged Equity Fund) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund).

## How much would $10,000 in AFL have grown?

This chart tracks a hypothetical $10,000 investment in AFL over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of AFL over the same span and AFL's popular alternatives, among those that traded for the entire period.

- $10,000 invested in AFL at the end of September 1997 would have grown to $285,149 by September 2026, more than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of AFL, and UNH finished highest, at $772,802.

## AFL at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- AFL's deepest decline since it began trading in 1986 was 82.7%, from April 2008 to March 2009. It took about four years from the low to climb back to its old high.
- Over 29 full calendar years, AFL's best was 1998, when it returned 73.2%, and its worst was 2001, when it lost 31.5%. It lost money in five of those years.
- AFL is 6.7% below its all-time high.

- Type: Stock, Financials (Insurance - Life)
- Trading since: October 17, 1986
- Market value: $60B
- Volatility (5 years): 20.8%; Sharpe ratio: 0.95
- Worst decline ever: −82.7%, from April 28, 2008 to March 9, 2009; back at its high by July 19, 2013

| Period | AFL total return |
| --- | --- |
| 1 month | +4.4% |
| 3 months | −2.6% |
| 6 months | +6.0% |
| year to date | +10.8% |
| 1 year | +12.9% |
| 3 years | +65.2% |
| 5 years | +139% |
| 10 years | +335% |

## AFL against the whole market

Where AFL ranks among every stock and fund, and what across the market has done better.

### How does AFL rank among all stocks?

This section ranks AFL on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- AFL is among the steadier stocks: its price swings rank in the top 4% of the 2,893 stocks worth at least $300 million, where the top is the calmest.

| Measure | AFL | Rank |
| --- | --- | --- |
| 1-year return | +12.9% | 1,474 of 3,287 (top 45%) |
| 3-year return | +65.2% | 1,326 of 3,017 (top 44%) |
| 5-year return | +139% | 490 of 2,893 (top 17%) |
| 10-year return | +335% | 511 of 2,202 (top 24%) |
| Volatility, 5 years | 20.8% | 112 of 2,893 (top 4%) |
| Sharpe ratio, 5 years | 0.95 | 134 of 2,893 (top 5%) |
| Worst decline, past 10 years | −54.9% | 661 of 2,187 (top 31%) |

### What has beaten AFL on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- One stock and four ETFs worth at least $500 million sit in the green region: each earned more than AFL over the past 5 years with smaller price swings. That is fewer than 1% of the 3,633 screened. Few investments beat it on both counts.
- Among those with at least half AFL's swings, DXJ has the best return for its risk: 26.6% a year at 19.1% volatility, 8% less than AFL's 20.8%, and a Sharpe ratio (return above cash per unit of volatility) of 1.34 against 0.95 for AFL.

### Is there a better investment than AFL?

The table below lists investments that beat AFL over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among AFL's popular alternatives, UNM, ALL and JXN were ahead of AFL in most short and long periods, though with much bigger swings (29.3%, 26.2% and 43.3% volatility against 20.8%).
- Looking beyond its popular alternatives, TRV (property & casualty insurance) earned more than AFL over the past 5 years with similar volatility: 22.4% a year at 22.3% volatility, against 19.0% a year at 20.8%.
- Few investments have done better on both counts: only five of the 3,633 stocks and funds worth at least $500 million earned more than AFL with less volatility over the past 5 years, among them MPLX, DXJ and SDCI.

The 4 strongest of 5 investments that beat AFL over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with AFL | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| AFL: Aflac Incorporated (this page) |  | +19.0% | 20.8% | 0.95 | −54.9% | +335% |  |  |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.16 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| SDCI: USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | Bonds | +20.6% | 18.4% | 1.12 | −45.7% | — | 0.25 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MPLX](https://easycompare.io/research/mplx): MPLX Lp | Oil & Gas Midstream | +23.5% | 18.8% | 1.22 | −75.2% | +350% | 0.53 | Higher return, lower volatility; Higher return in most periods |
| DBJP: Xtrackers MSCI Japan Hedged Equity ETF | International | +20.9% | 19.2% | 1.09 | −31.3% | +348% | 0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## AFL against its popular alternatives

The investments people most often weigh against AFL, compared period by period and year by year.

### How do AFL's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- None of the 16 popular alternatives earned more than AFL over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- 14 of the 16 popular alternatives earned less than AFL over the past 5 years while swinging more, the weaker corner of the map.
- Over the past 5 years, AFL returned 19.0% a year, more than the S&P 500's 12.7%, with higher volatility (20.8% against 17.1%).

### Has AFL consistently beaten its popular alternatives?

This section compares AFL with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Three of the 18 popular alternatives, ALL, UNM and JXN, outperformed AFL in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- JXN earned more for the risk it took than AFL (a higher Sharpe ratio) and fell less in its worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of AFL | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AFL: Aflac Incorporated (this page) | +12.9% | +65.2% | +139% | +335% |  |  | 0.95 |
| [ALL](https://easycompare.io/research/all): The Allstate Corporation | +31.5% | +116% | +119% | +356% | 4/5 short-term, 2/3 long-term | consistent | 0.73 |
| UNM: Unum Group | +26.4% | +106% | +279% | +256% | 4/5 short-term, 2/3 long-term | consistent | 1.06 |
| JXN: Jackson Financial Inc. | +37.6% | +269% | +472% | — | 4/5 short-term, 2/3 long-term | consistent | 1.03 |
| CNO: CNO Financial Group, Inc. | +41.1% | +150% | +136% | +342% | 4/5 short-term, 1/3 long-term |  | 0.76 |
| [MET](https://easycompare.io/research/met): MetLife, Inc. | +32.2% | +84.0% | +76.5% | +240% | 4/5 short-term, 1/3 long-term |  | 0.58 |
| CRBG: Corebridge Financial, Inc. | +13.8% | +98.8% | — | — | 4/5 short-term, 1/3 long-term |  | — |
| EQH: Equitable Holdings, Inc. | +15.6% | +116% | +81.1% | — | 4/5 short-term, 1/3 long-term |  | 0.53 |
| [AJG](https://easycompare.io/research/ajg): Arthur J. Gallagher & Co. | −6.1% | +17.3% | +68.0% | +516% | 3/5 short-term, 1/3 long-term |  | 0.55 |
| PFG: Principal Financial Group, Inc. | +41.4% | +76.3% | +84.6% | +196% | 3/5 short-term, 1/3 long-term |  | 0.60 |
| LNC: Lincoln National Corporation | +6.2% | +111% | −32.1% | +20.1% | 1/5 short-term, 1/3 long-term |  | 0.04 |
| [ELV](https://easycompare.io/research/elv): Elevance Health Inc. | +26.8% | +2.0% | +11.7% | +307% | 5/5 short-term, 0/3 long-term |  | 0.23 |
| [UNH](https://easycompare.io/research/unh): UnitedHealth Group Incorporated | +18.1% | −15.3% | +5.5% | +241% | 5/5 short-term, 0/3 long-term |  | 0.20 |
| VOYA: Voya Financial, Inc. | +32.6% | +55.8% | +52.3% | +253% | 3/5 short-term, 0/3 long-term |  | 0.44 |
| GL: Globe Life Inc. | +26.3% | +58.0% | +79.7% | +188% | 3/5 short-term, 0/3 long-term |  | 0.56 |
| [PRU](https://easycompare.io/research/pru): Prudential Financial, Inc. | +19.6% | +47.5% | +29.0% | +117% | 3/5 short-term, 0/3 long-term |  | 0.33 |
| [AON](https://easycompare.io/research/aon): Aon plc | −13.0% | −3.1% | −1.6% | +195% | 0/5 short-term, 0/3 long-term |  | 0.11 |
| BHF: Brighthouse Financial, Inc. | +2.2% | +3.1% | −8.1% | — | 0/5 short-term, 0/3 long-term |  | 0.17 |
| FG: F&G Annuities & Life, Inc. | −29.0% | −25.8% | — | — | 0/5 short-term, 0/3 long-term |  | — |

### How did AFL do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where AFL ranked among its popular alternatives each year.

- AFL finished ahead of the S&P 500 in 15 of its 29 full calendar years.
- Among its popular alternatives, UNH came out ahead of AFL most often, in 17 of the 29 years both traded.
- Ranked against its popular alternatives each year, AFL finished in the top quarter in five of 29 years and in the bottom quarter in five. In 2025, it ranked 9 of 19.

| Year | AFL | SPY |
| --- | --- | --- |
| 2025 | +8.9% | +17.7% |
| 2024 | +28.1% | +24.9% |
| 2023 | +17.3% | +26.2% |
| 2022 | +26.4% | −18.2% |
| 2021 | +34.6% | +28.7% |
| 2020 | −13.6% | +18.3% |
| 2019 | +18.6% | +31.2% |
| 2018 | +6.2% | −4.6% |
| 2017 | +29.0% | +21.7% |
| 2016 | +19.1% | +12.0% |

## Risk and diversification

How AFL has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were AFL's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all three of AFL's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: AFL fell 37.8% from April 1999 to March 2000, while the S&P 500 rose 4.0%.
- The slowest recovery came after AFL fell 82.7% from April 2008 to March 2009; it did not regain that peak until July 2013, four years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −82.7% | April 28, 2008 | March 9, 2009 | July 19, 2013 | −50.3% | 2008 financial crisis |
| −54.9% | July 12, 2019 | March 18, 2020 | May 3, 2021 | −19.4% | Covid crash |
| −42.2% | October 6, 1989 | October 11, 1990 | February 4, 1991 | — |  |
| −42.1% | August 26, 1987 | October 26, 1987 | April 10, 1989 | — |  |
| −37.8% | April 29, 1999 | March 13, 2000 | August 3, 2000 | +4.0% | dot-com bust |

### How did AFL do in stock market crashes?

This section measures how far AFL, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, UNH held up best, falling less than AFL in eight of the ten crashes they both traded through.
- AFL fell further than the S&P 500 in six of the ten crashes it has traded through. The clearest case was the 2008 financial crisis, when AFL fell 82.7% and the S&P 500 fell 55.2%.

| Crash | Dates | AFL fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −36.7% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −82.7% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −4.3% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −31.4% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −15.8% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.4% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −13.2% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −51.0% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −19.9% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −6.0% | −3.4% |

### How closely does AFL move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, AFL captured 83% of the S&P 500's gains in rising months and 71% of its losses in falling months, with a beta of 0.79. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only AJG and ALL had a higher capture ratio (upside capture divided by downside capture) than AFL's 1.17, out of 13 popular alternatives with the same record.
- ALL took just 41% of the S&P 500's losses, against 71% for AFL, while still keeping 68% of its gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| AFL: Aflac Incorporated (this page) | 83.0% | 71.0% | 0.79 |
| [ALL](https://easycompare.io/research/all): The Allstate Corporation | 68.0% | 41.0% | 0.49 |
| UNM: Unum Group | 88.0% | 90.0% | 0.96 |
| CNO: CNO Financial Group, Inc. | 103% | 102% | 1.09 |
| [MET](https://easycompare.io/research/met): MetLife, Inc. | 91.0% | 97.0% | 1.03 |
| [AJG](https://easycompare.io/research/ajg): Arthur J. Gallagher & Co. | 80.0% | 46.0% | 0.61 |
| PFG: Principal Financial Group, Inc. | 103% | 124% | 1.22 |
| LNC: Lincoln National Corporation | 119% | 211% | 1.67 |
| [ELV](https://easycompare.io/research/elv): Elevance Health Inc. | 94.0% | 98.0% | 0.86 |
| [UNH](https://easycompare.io/research/unh): UnitedHealth Group Incorporated | 81.0% | 82.0% | 0.70 |
| VOYA: Voya Financial, Inc. | 111% | 128% | 1.17 |
| GL: Globe Life Inc. | 72.0% | 72.0% | 0.79 |
| [PRU](https://easycompare.io/research/pru): Prudential Financial, Inc. | 102% | 146% | 1.25 |
| [AON](https://easycompare.io/research/aon): Aon plc | 79.0% | 89.0% | 0.78 |

### What diversifies AFL?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in AFL into DXJ would have cut the portfolio's volatility by 17% over the past 5 years and raised its annual return (+19.1% for AFL alone, +21.1% for the mix).
- MCK made money in four of the five calendar years in which AFL lost money.
- Among large ETFs, DXJ, SMH and DBEF have moved largely independently of AFL over the past 5 years, with correlations of 0.43 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with AFL | 5Y return | Volatility | Sharpe | Rose in AFL's 5 down years |
| --- | --- | --- | --- | --- | --- |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.16 | +225% | 19.1% | 1.34 | 2 of 5 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.07 | +323% | 36.9% | 0.97 | 3 of 5 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.43 | +85.0% | 13.8% | 0.96 | 2 of 5 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.08 | +126% | 18.9% | 0.96 | 3 of 5 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.32 | +136% | 20.8% | 0.93 | 1 of 5 |
| VLUE: iShares MSCI USA Value Factor ETF | 0.44 | +109% | 18.4% | 0.90 | 1 of 5 |
| EWT: iShares MSCI Taiwan ETF | 0.11 | +153% | 24.2% | 0.89 | 3 of 5 |
| EDIV: State Street SPDR S&P Emerging Markets Dividend ETF | 0.36 | +69.9% | 13.8% | 0.84 | 0 of 5 |

## Common questions

### What was AFL's worst drawdown?

AFL's deepest decline since it began trading in 1986 was 82.7%, from April 2008 to March 2009. It took about four years from the low to climb back to its old high.

### What were AFL's best and worst years?

Over 29 full calendar years, AFL's best year was 1998, when it returned 73.2%. Its worst was 2001, with a return of -31.5%.

### Is there a better investment than AFL?

Among AFL's popular alternatives, UNM, ALL and JXN were ahead of AFL in most short and long periods, though with much bigger swings (29.3%, 26.2% and 43.3% volatility against 20.8%). Looking beyond its popular alternatives, TRV (property & casualty insurance) earned more than AFL over the past 5 years with similar volatility: 22.4% a year at 22.3% volatility, against 19.0% a year at 20.8%.

### Is AFL more volatile than the S&P 500?

Yes. AFL's volatility over the past 5 years was 20.8%, 1.2 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AFL's return lands within 20.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is AFL's Sharpe ratio?

AFL's Sharpe ratio over the past 5 years was 0.95, against 0.79 for the S&P 500, so AFL earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is AFL with the S&P 500?

Over the past 5 years, AFL's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against AFL instead: the lower it is, the more that option would diversify a AFL holding.

### What are the best alternatives to AFL?

Of the 18 popular alternatives we compared, three outperformed AFL in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ALL, UNM and JXN.

### Did AFL outperform the S&P 500?

AFL finished ahead of the S&P 500 (SPY) in 15 of 29 full calendar years. In 2025, it returned +9.0%, against +17.7% for the index.

### How did AFL do in stock market crashes?

AFL fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in six. The clearest case was the 2008 financial crisis, when AFL fell 82.7% and the S&P 500 fell 55.2%.

### What diversifies AFL?

These had a low correlation with AFL over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.16), SMH (correlation 0.07) and DBEF (correlation 0.43); among large stocks, CAH (correlation 0.38), CLS (correlation 0.05) and FIX (correlation 0.14). A correlation near zero means the two have moved largely independently.

## More research

- [Allstate (ALL) Performance, Alternatives and Market Rank](https://easycompare.io/research/all)
- [MetLife (MET) Performance, Alternatives and Market Rank](https://easycompare.io/research/met)
- [Arthur J. Gallagher & Co. (AJG) Performance, Alternatives and Market Rank](https://easycompare.io/research/ajg)
- [Elevance Health (ELV) Performance, Alternatives and Market Rank](https://easycompare.io/research/elv)
- [UnitedHealth Group (UNH) Performance, Alternatives and Market Rank](https://easycompare.io/research/unh)
- [Prudential Financial (PRU) Performance, Alternatives and Market Rank](https://easycompare.io/research/pru)
- [AON Performance, Alternatives and Market Rank](https://easycompare.io/research/aon)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://easycompare.io/research/schd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://easycompare.io/research/nvda)
- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)
- [Alphabet (GOOG) Performance, Alternatives and Market Rank](https://easycompare.io/research/goog)
- [Microsoft (MSFT) Performance, Alternatives and Market Rank](https://easycompare.io/research/msft)

## Explore further

- Full page with charts: https://easycompare.io/research/afl
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against AFL live: https://betterthanspy.com/?b=AFL&utm_source=easycompare&utm_medium=research