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.
Key characteristics
TNET | FNGS | |
---|---|---|
YTD Return | -14.08% | 16.88% |
1Y Return | 11.36% | 59.65% |
3Y Return (Ann) | 8.43% | 16.79% |
Sharpe Ratio | 0.47 | 2.44 |
Daily Std Dev | 32.04% | 23.73% |
Max Drawdown | -67.58% | -48.98% |
Current Drawdown | -23.64% | -1.14% |
Correlation
The correlation between TNET and FNGS is 0.38, 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.
Performance
TNET vs. FNGS - Performance Comparison
In the year-to-date period, TNET achieves a -14.08% return, which is significantly lower than FNGS's 16.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.25%, while FNGS has not paid dividends to shareholders.
TTM | |
---|---|
TriNet Group, Inc. | 0.25% |
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 19.05% compared to MicroSectors FANG+ ETN (FNGS) at 7.82%. 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.