Drought and heat stress can result in aflatoxin contamination of peanuts especially when this occurs during the last three to six wk of the growing season. Identifying drought-tolerant genotypes may aid in development of peanuts that are less susceptible to aflatoxin contamination. Research was conducted to phenotype seven peanut genotypes based on their response to drought stress. Six peanut genotypes that have exhibited lower aflatoxin and/or drought tolerance in previous researches (Tifguard, Tifrunner, Florida-07, PI 158839, NC 3033, C76-16) were compared to an aflatoxin-susceptible genotype, A72. The phenotyping methods included visual ratings, chlorophyll fluorescence (PI ABS , Q EO , and F v /F m ), SPAD chlorophyll meter reading (SCMR), normalized difference vegetation index (NDVI), canopy temperature (CT), canopy temperature depression (CTD), and pod yield. Based on these traits, Tifguard and Tifrunner exhibited greater drought tolerance mechanisms than the other genotypes and may be good candidates to be incorporated in future drought tolerance studies. After the aflatoxin content of the different genotypes was measured, aflatoxin contamination showed high correlations with visual ratings (0.85), CTD (0.81), NDVI (0.79), and CT (0.73), and moderate correlations with F v /F m (0.62) and SCMR (0.57) (P $ 0.05). These easily measurable, rapid and cost-effective phenotyping methods may be used as alternative to more tedious and costly methods of identifying genotypes that are less susceptible to aflatoxin contamination. Using a combination of these methods is beneficial but not always practical. The combined use of visual ratings, CTD and NDVI is advised for initial evaluation of drought tolerance in peanut genotypes.