MAN vs TNET: Correlation
Measured on weekly returns over the past three years, ManpowerGroup (MAN) and TriNet Group, Inc. (TNET) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAN and TNET?
On 3 years of weekly data the MAN/TNET correlation comes out at 0.53, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.53). The 5-year figure is 0.49, and annualized covariance runs at 944.1 %².
Among the 14 assets we track against MAN, TNET ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MAN ahead by 56.1 points (+56.1% versus +0.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MAN vs TNET: side by side
| MAN (ManpowerGroup) | TNET (TriNet Group, Inc.) | |
|---|---|---|
| 1-year return | +56.1% | +0.0% |
| 5-year return | -37.6% | -20.5% |
| Volatility (ann.) | 44.3% | 40.1% |
| Beta vs S&P 500 | 0.79 | 0.77 |
| Max drawdown (3Y) | -64.7% | -74.0% |
| Market cap | $2.9B | $3.2B |
| P/E (trailing) | 27.9 | 18.6 |
| Dividend yield | 2.32% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAN | TNET |
|---|---|---|
| 2022 | -11.8% | -28.8% |
| 2023 | -0.6% | +75.4% |
| 2024 | -24.0% | -23.1% |
| 2025 | -46.2% | -33.9% |
| 2026 | +114.1% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAN and TNET good diversifiers for each other?
Only partially. A correlation of 0.53 means MAN and TNET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MAN and TNET?
As of 2026-08-27, the correlation of weekly returns between MAN and TNET is 0.53 over 3 years, 0.65 over 1 year and 0.49 over 5 years.
Is TNET a good diversifier for MAN?
Only partially. A correlation of 0.53 means MAN and TNET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/man-vs-tnet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/man-vs-tnet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAN correlations · TNET correlations
