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TNET vs. QLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TNET vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TriNet Group, Inc. (TNET) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-13.08%
16.49%
TNET
QLD

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

YTD

-21.26%

1M

-0.33%

6M

-13.08%

1Y

-17.09%

5Y (annualized)

11.53%

10Y (annualized)

11.42%

QLD

YTD

40.73%

1M

6.38%

6M

16.49%

1Y

54.59%

5Y (annualized)

31.50%

10Y (annualized)

28.73%

Key characteristics


TNETQLD
Sharpe Ratio-0.471.57
Sortino Ratio-0.442.05
Omega Ratio0.931.28
Calmar Ratio-0.432.04
Martin Ratio-0.856.78
Ulcer Index20.13%8.05%
Daily Std Dev36.14%34.79%
Max Drawdown-67.58%-83.13%
Current Drawdown-30.01%-3.51%

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Correlation

-0.50.00.51.00.4

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.


Sharpe ratio
The chart of Sharpe ratio for TNET, currently valued at -0.47, compared to the broader market-4.00-2.000.002.004.00-0.471.57
The chart of Sortino ratio for TNET, currently valued at -0.44, compared to the broader market-4.00-2.000.002.004.00-0.442.05
The chart of Omega ratio for TNET, currently valued at 0.93, compared to the broader market0.501.001.502.000.931.28
The chart of Calmar ratio for TNET, currently valued at -0.43, compared to the broader market0.002.004.006.00-0.432.04
The chart of Martin ratio for TNET, currently valued at -0.85, compared to the broader market0.0010.0020.0030.00-0.856.78
TNET
QLD

The current TNET Sharpe Ratio is -0.47, which is lower than the QLD Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of TNET and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.47
1.57
TNET
QLD

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.


TTM20232022202120202019201820172016201520142013
TNET
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%
QLD
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.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-30.01%
-3.51%
TNET
QLD

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.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
21.21%
10.77%
TNET
QLD