NSP vs TNET: Correlation
Measured on weekly returns over the past three years, Insperity, Inc. (NSP) and TriNet Group, Inc. (TNET) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSP and TNET?
Over the past 3 years, NSP and TNET moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1169.6 %².
In NSP's tracked universe of 13 assets, TNET sits right near the top at #2. Their 12-month results are close: +1.3% for NSP against +0.0% for TNET.
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.
NSP vs TNET: side by side
| NSP (Insperity, Inc.) | TNET (TriNet Group, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +0.0% |
| 5-year return | -44.3% | -20.5% |
| Volatility (ann.) | 54.1% | 40.1% |
| Beta vs S&P 500 | 0.97 | 0.77 |
| Max drawdown (3Y) | -81.5% | -74.0% |
| Market cap | $2.0B | $3.2B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 4.62% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NSP | TNET |
|---|---|---|
| 2022 | -1.9% | -28.8% |
| 2023 | +5.2% | +75.4% |
| 2024 | -32.1% | -23.1% |
| 2025 | -47.8% | -33.9% |
| 2026 | +40.1% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSP and TNET good diversifiers for each other?
Only partially. A correlation of 0.54 means NSP 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 NSP and TNET?
The NSP/TNET correlation stands at 0.54 on a 3-year window (1 year: 0.75, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is TNET a good diversifier for NSP?
Only partially. A correlation of 0.54 means NSP 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 0.54 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/nsp-vs-tnet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nsp-vs-tnet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NSP correlations · TNET correlations
