TNET vs. QLD
Compare and contrast key facts about TriNet Group, Inc. (TNET) and ProShares Ultra QQQ (QLD).
QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNET or QLD.
Performance
TNET vs. QLD - Performance Comparison
Returns By Period
In the year-to-date period, TNET achieves a -21.26% return, which is significantly lower than QLD's 40.73% return. Over the past 10 years, TNET has underperformed QLD with an annualized return of 11.42%, while QLD has yielded a comparatively higher 28.73% annualized return.
TNET
-21.26%
-0.33%
-13.08%
-17.09%
11.53%
11.42%
QLD
40.73%
6.38%
16.49%
54.59%
31.50%
28.73%
Key characteristics
TNET | QLD | |
---|---|---|
Sharpe Ratio | -0.47 | 1.57 |
Sortino Ratio | -0.44 | 2.05 |
Omega Ratio | 0.93 | 1.28 |
Calmar Ratio | -0.43 | 2.04 |
Martin Ratio | -0.85 | 6.78 |
Ulcer Index | 20.13% | 8.05% |
Daily Std Dev | 36.14% | 34.79% |
Max Drawdown | -67.58% | -83.13% |
Current Drawdown | -30.01% | -3.51% |
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Correlation
The correlation between TNET and QLD is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TNET vs. QLD - Risk-Adjusted Performance 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.
Dividends
TNET vs. QLD - Dividend Comparison
TNET's dividend yield for the trailing twelve months is around 0.81%, more than QLD's 0.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TriNet Group, Inc. | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ProShares Ultra QQQ | 0.27% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
TNET vs. QLD - Drawdown Comparison
The maximum TNET drawdown since its inception was -67.58%, 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. For additional features, visit the drawdowns tool.
Volatility
TNET vs. QLD - Volatility Comparison
TriNet Group, Inc. (TNET) has a higher volatility of 21.21% compared to ProShares Ultra QQQ (QLD) at 10.77%. This indicates that TNET's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.