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 -8.34%/yr vs 18.21%/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 -21.52% return, which is significantly lower than FNGS's 5.66% return.
TNET
- 1D
- 6.31%
- 1M
- 7.11%
- YTD
- -21.52%
- 6M
- -19.35%
- 1Y
- -37.22%
- 3Y*
- -20.51%
- 5Y*
- -8.34%
- 10Y*
- 9.01%
FNGS
- 1D
- -2.36%
- 1M
- -3.57%
- YTD
- 5.66%
- 6M
- 4.04%
- 1Y
- 17.25%
- 3Y*
- 29.30%
- 5Y*
- 18.21%
- 10Y*
- —
TNET vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNET TriNet Group, Inc. | -21.52% | -33.93% | -23.14% | 75.41% | -28.83% | 18.19% | 42.38% | 4.58% |
FNGS MicroSectors FANG+ ETN | 5.66% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between TNET and FNGS is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
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 -0.01 (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 | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.76 | -1.44 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.12 | -3.35 |
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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 | -54.58% | -22.93% | -31.65% |
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 | -64.58% | -10.58% | -54.00% |
Average DrawdownAverage peak-to-trough decline | -23.25% | -10.84% | -12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 8.14% | +22.29% |
Volatility
TNET vs. FNGS - Volatility Comparison
TriNet Group, Inc. (TNET) has a higher volatility of 14.06% compared to MicroSectors FANG+ ETN (FNGS) at 10.97%. 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 | 14.06% | 10.97% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 39.53% | 18.01% | +21.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.55% | 22.63% | +22.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.77% | 30.25% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.76% | 31.24% | +8.52% |
Dividends
TNET vs. FNGS - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 2.43%, 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. | 2.43% | 1.82% | 0.83% |
Frequently Asked Questions
TNET and FNGS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNET has higher volatility (14.06%) compared to FNGS (10.97%). In terms of maximum drawdown, TNET dropped -74.04% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.77 vs -0.82), 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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