TNET vs. FNGS
TNET (TriNet Group, Inc.) is a stock, while FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Over the past 5 years, TNET returned -3.77%/yr vs 18.98%/yr for FNGS. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
TNET vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, TNET achieves a 13.41% return, which is significantly higher than FNGS's 9.02% return.
TNET
- 1D
- -8.15%
- 1M
- 19.24%
- 6M
- 9.00%
- YTD
- 13.41%
- 1Y
- 6.38%
- 3Y*
- -13.17%
- 5Y*
- -3.77%
- 10Y*
- 12.59%
- ALL TIME*
- 11.19%
FNGS
- 1D
- 1.63%
- 1M
- 0.59%
- 6M
- 12.42%
- YTD
- 9.02%
- 1Y
- 15.45%
- 3Y*
- 28.64%
- 5Y*
- 18.98%
- 10Y*
- —
- ALL TIME*
- 30.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.57M | $1.92M | $2.40M | |
| $30.15M | $23.46M | $20.18M |
TNET vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNET TriNet Group, Inc. | 13.41% | -33.93% | -23.14% | 75.41% | -28.83% | 18.19% | 42.38% | 4.58% |
FNGS MicroSectors FANG+ ETN | 9.02% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between TNET and FNGS is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.28 |
The correlation between TNET and FNGS shifts across timeframes, from -0.02 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TNET vs. FNGS — Risk / Return Rank
TNET
FNGS
TNET vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TriNet Group, Inc. (TNET) and MicroSectors FANG+ ETN (FNGS). 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.
| TNET | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.51 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.02 | 1.37 | -1.39 |
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Drawdowns
TNET vs. FNGS - Drawdown Comparison
The maximum TNET drawdown since its inception was -74.04%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for TNET and FNGS.
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Drawdown Indicators
| TNET | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.04% | -48.98% | -25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -52.85% | -22.93% | -29.92% |
Max Drawdown (3Y)Largest decline over 3 years | -74.04% | -26.77% | -47.27% |
Max Drawdown (5Y)Largest decline over 5 years | -74.04% | -48.98% | -25.06% |
Max Drawdown (10Y)Largest decline over 10 years | -74.04% | — | — |
Current DrawdownCurrent decline from peak | -48.82% | -7.74% | -41.08% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -10.80% | -12.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.99% | 8.61% | +20.38% |
Volatility
TNET vs. FNGS - Volatility Comparison
TriNet Group, Inc. (TNET) has a higher volatility of 14.37% compared to MicroSectors FANG+ ETN (FNGS) at 5.87%. This indicates that TNET's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNET | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 5.87% | +8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 41.90% | 18.36% | +23.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.96% | 22.86% | +25.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.38% | 30.29% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.05% | 31.07% | +8.98% |
Dividends
TNET vs. FNGS - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 1.72%, while FNGS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% |
TNET TriNet Group, Inc. | 1.72% | 1.82% | 0.83% |
Frequently Asked Questions
TNET and FNGS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNET has higher volatility (14.37%) compared to FNGS (5.87%). In terms of maximum drawdown, TNET dropped -74.04% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.52 vs -0.01), 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.
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