TNET vs. FNGS
Compare and contrast key facts about TriNet Group, Inc. (TNET) and MicroSectors FANG+ ETN (FNGS).
FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNET or FNGS.
Performance
TNET vs. FNGS - Performance Comparison
Returns By Period
In the year-to-date period, TNET achieves a -20.24% return, which is significantly lower than FNGS's 42.24% return.
TNET
-20.24%
3.22%
-11.31%
-14.56%
11.84%
11.80%
FNGS
42.24%
4.27%
18.21%
49.69%
34.03%
N/A
Key characteristics
| TNET | FNGS | |
|---|---|---|
| Sharpe Ratio | -0.41 | 1.97 |
| Sortino Ratio | -0.33 | 2.54 |
| Omega Ratio | 0.95 | 1.34 |
| Calmar Ratio | -0.37 | 2.74 |
| Martin Ratio | -0.74 | 8.89 |
| Ulcer Index | 19.95% | 5.48% |
| Daily Std Dev | 36.12% | 24.74% |
| Max Drawdown | -67.58% | -48.98% |
| Current Drawdown | -29.11% | -0.94% |
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Correlation
The correlation between TNET and FNGS is 0.36, 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.
Risk-Adjusted Performance
TNET vs. FNGS - Risk-Adjusted Performance 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.
Dividends
TNET vs. FNGS - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 0.80%, while FNGS has not paid dividends to shareholders.
| TTM | |
|---|---|
TNET TriNet Group, Inc. | 0.80% |
FNGS MicroSectors FANG+ ETN | 0.00% |
Drawdowns
TNET vs. FNGS - Drawdown Comparison
The maximum TNET drawdown since its inception was -67.58%, 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. For additional features, visit the drawdowns tool.
Volatility
TNET vs. FNGS - Volatility Comparison
TriNet Group, Inc. (TNET) has a higher volatility of 21.22% compared to MicroSectors FANG+ ETN (FNGS) at 7.27%. 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.