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 -3.71%/yr vs 18.67%/yr for FNGS. At a 0.29 correlation, their price movements are largely independent.
Performance
TNET vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, TNET achieves a -0.83% return, which is significantly lower than FNGS's 10.39% return.
TNET
- 1D
- 3.64%
- 1M
- 22.20%
- 6M
- -6.77%
- YTD
- -0.83%
- 1Y
- -14.31%
- 3Y*
- -14.32%
- 5Y*
- -3.71%
- 10Y*
- 10.37%
FNGS
- 1D
- -0.50%
- 1M
- 3.37%
- 6M
- 9.86%
- YTD
- 10.39%
- 1Y
- 16.52%
- 3Y*
- 29.28%
- 5Y*
- 18.67%
- 10Y*
- —
TNET vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNET TriNet Group, Inc. | -0.83% | -33.93% | -23.14% | 75.41% | -28.83% | 18.19% | 42.38% | 4.58% |
FNGS MicroSectors FANG+ ETN | 10.39% | 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 is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.29 |
The correlation between TNET and FNGS shifts across timeframes, from -0.02 (1 year) to 0.29 (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 | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.14 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.72 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.50 | 1.98 | -2.47 |
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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 | -55.25% | -6.58% | -48.67% |
Average DrawdownAverage peak-to-trough decline | -23.40% | -10.82% | -12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.89% | 8.38% | +20.51% |
Volatility
TNET vs. FNGS - Volatility Comparison
TriNet Group, Inc. (TNET) has a higher volatility of 14.36% compared to MicroSectors FANG+ ETN (FNGS) at 8.13%. 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 | 14.36% | 8.13% | +6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 40.62% | 17.98% | +22.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.80% | 22.39% | +24.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.13% | 30.24% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.87% | 31.13% | +8.74% |
Dividends
TNET vs. FNGS - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 1.96%, 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. | 1.96% | 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 (14.36%) compared to FNGS (8.13%). In terms of maximum drawdown, TNET dropped -74.04% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.74 vs -0.31), 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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