TNET vs. FNGS

Last updated Apr 1, 2026

Compare and contrast key facts about TriNet Group, Inc. (TNET) and MicroSectors FANG+ ETN (FNGS).

FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.

Performance

TNET vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TriNet Group, Inc. (TNET) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

TNET vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TNET TriNet Group, Inc.	-38.10%	-33.93%	-23.14%	75.41%	-28.83%	18.19%	42.38%	3.66%
FNGS MicroSectors FANG+ ETN	-12.40%	18.64%	51.99%	95.24%	-40.32%	16.96%	101.99%	10.91%

Returns By Period

In the year-to-date period, TNET achieves a -38.10% return, which is significantly lower than FNGS's -12.40% return.

TNET

• 1D: -3.47%
• 1M: -4.33%
• YTD: -38.10%
• 6M: -45.06%
• 1Y: -53.28%
• 3Y*: -22.60%
• 5Y*: -13.99%
• 10Y*: 9.80%

FNGS

• 1D: 4.69%
• 1M: -4.21%
• YTD: -12.40%
• 6M: -14.82%
• 1Y: 19.65%
• 3Y*: 30.42%
• 5Y*: 15.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TNET vs. FNGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNET

TNET Risk / Return Rank: 4
TNET Sharpe Ratio Rank: 1
TNET Sortino Ratio Rank: 2
TNET Omega Ratio Rank: 3
TNET Calmar Ratio Rank: 9
TNET Martin Ratio Rank: 4

FNGS

FNGS Risk / Return Rank: 41
FNGS Sharpe Ratio Rank: 43
FNGS Sortino Ratio Rank: 51
FNGS Omega Ratio Rank: 45
FNGS Calmar Ratio Rank: 36
FNGS Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	TNET	FNGS	Difference
Sharpe ratio Return per unit of total volatility	-1.28	0.73	-2.02
Sortino ratio Return per unit of downside risk	-1.98	1.26	-3.24
Omega ratio Gain probability vs. loss probability	0.75	1.17	-0.42
Calmar ratio Return relative to maximum drawdown	-0.88	0.84	-1.72
Martin ratio Return relative to average drawdown	-1.79	2.59	-4.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNET vs. FNGS - Sharpe Ratio Comparison

The current TNET Sharpe Ratio is -1.28, which is lower than the FNGS Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of TNET and FNGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TNET	FNGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.28	0.73	-2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.53	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.90	-0.76

Correlation

The correlation between TNET and FNGS is 0.31, 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.

Dividends

TNET vs. FNGS - Dividend Comparison

TNET's dividend yield for the trailing twelve months is around 3.02%, while FNGS has not paid dividends to shareholders.

	TTM	2025	2024
TNET TriNet Group, Inc.	3.02%	1.82%	0.83%
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	TNET	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-74.04%	-48.98%	-25.06%
Max Drawdown (1Y) Largest decline over 1 year	-60.35%	-22.93%	-37.42%
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 Drawdown Current decline from peak	-72.07%	-19.32%	-52.75%
Average Drawdown Average peak-to-trough decline	-22.42%	-11.02%	-11.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.70%	7.43%	+22.27%

Volatility

TNET vs. FNGS - Volatility Comparison

TriNet Group, Inc. (TNET) has a higher volatility of 10.47% compared to MicroSectors FANG+ ETN (FNGS) at 8.31%. 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.

Volatility by Period

	TNET	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	8.31%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	35.54%	15.68%	+19.86%
Volatility (1Y) Calculated over the trailing 1-year period	41.58%	26.98%	+14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.76%	29.97%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.35%	31.34%	+8.01%