TNET vs. QLD
TNET (TriNet Group, Inc.) is a stock, while QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Over the past 10 years, TNET returned 12.59%/yr vs 32.56%/yr for QLD. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
TNET vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, TNET achieves a 13.41% return, which is significantly lower than QLD's 18.94% return. Over the past 10 years, TNET has underperformed QLD with an annualized return of 12.59%, while QLD has yielded a comparatively higher 32.56% annualized return.
TNET
- 1D
- -8.15%
- 1M
- 19.24%
- 6M
- 9.00%
- YTD
- 13.41%
- 1Y
- 6.38%
- 3Y*
- -13.17%
- 5Y*
- -3.77%
- 10Y*
- 12.59%
- ALL TIME*
- 11.19%
QLD
- 1D
- 1.20%
- 1M
- -7.66%
- 6M
- 16.78%
- YTD
- 18.94%
- 1Y
- 42.18%
- 3Y*
- 35.01%
- 5Y*
- 17.45%
- 10Y*
- 32.56%
- ALL TIME*
- 24.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.78M | $399.91M | $439.78M | |
| $30.15M | $23.46M | $20.18M |
TNET vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNET TriNet Group, Inc. | 13.41% | -33.93% | -23.14% | 75.41% | -28.83% | 18.19% | 42.38% | 34.95% | -5.39% | 73.07% |
QLD ProShares Ultra QQQ | 18.94% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between TNET and QLD is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014 | 0.37 |
The correlation between TNET and QLD shifts across timeframes, from -0.08 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TNET vs. QLD — Risk / Return Rank
TNET
QLD
TNET vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TriNet Group, Inc. (TNET) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.46 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.02 | 4.32 | -4.35 |
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Drawdowns
TNET vs. QLD - Drawdown Comparison
The maximum TNET drawdown since its inception was -74.04%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for TNET and QLD.
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Drawdown Indicators
| TNET | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.04% | -83.13% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -52.85% | -25.13% | -27.72% |
Max Drawdown (3Y)Largest decline over 3 years | -74.04% | -42.29% | -31.75% |
Max Drawdown (5Y)Largest decline over 5 years | -74.04% | -63.68% | -10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -74.04% | -63.68% | -10.36% |
Current DrawdownCurrent decline from peak | -48.82% | -16.72% | -32.10% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -18.11% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.99% | 8.47% | +20.52% |
Volatility
TNET vs. QLD - Volatility Comparison
TriNet Group, Inc. (TNET) and ProShares Ultra QQQ (QLD) have volatilities of 14.37% and 13.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNET | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 13.69% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 41.90% | 31.99% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.96% | 38.62% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.38% | 45.76% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.05% | 44.97% | -4.92% |
Dividends
TNET vs. QLD - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 1.72%, more than QLD's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.14% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
TNET TriNet Group, Inc. | 1.72% | 1.82% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TNET and QLD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNET has higher volatility (14.37%) compared to QLD (13.69%). In terms of maximum drawdown, TNET dropped -74.04% vs QLD's -83.13%.
QLD currently has the higher Sharpe Ratio (0.95 vs -0.01), 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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