RNG vs. SAFE
RNG (RingCentral, Inc.) and SAFE (Safehold Inc.) are both stocks. RNG operates in Software - Application (Technology), while SAFE operates in REIT - Diversified (Real Estate). Over the past 5 years, RNG returned -26.90%/yr vs -26.78%/yr for SAFE. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
RNG vs. SAFE - Performance Comparison
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Returns By Period
In the year-to-date period, RNG achieves a 93.23% return, which is significantly higher than SAFE's 21.06% return.
RNG
- 1D
- 4.00%
- 1M
- 39.02%
- 6M
- 115.63%
- YTD
- 93.23%
- 1Y
- 136.16%
- 3Y*
- 10.34%
- 5Y*
- -26.90%
- 10Y*
- 9.33%
- ALL TIME*
- 9.57%
SAFE
- 1D
- 2.15%
- 1M
- -1.28%
- 6M
- 17.46%
- YTD
- 21.06%
- 1Y
- 20.53%
- 3Y*
- -9.12%
- 5Y*
- -26.78%
- 10Y*
- —
- ALL TIME*
- 0.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $166.64M | $110.87M | $87.41M | |
SAFE Safehold Inc. | $4.76M | $4.67M | $5.45M |
RNG vs. SAFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNG RingCentral, Inc. | 93.23% | -17.51% | 3.12% | -4.10% | -81.10% | -50.56% | 124.68% | 104.60% | 70.33% | 31.34% |
SAFE Safehold Inc. | 21.06% | -22.47% | -18.25% | -15.60% | -63.41% | 11.15% | 82.46% | 118.07% | 10.49% | -5.74% |
Correlation
The correlation between RNG and SAFE is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2017 | 0.29 |
The correlation between RNG and SAFE shifts across timeframes, from 0.14 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RNG:
$4.80B
SAFE:
$1.16B
RNG:
$1.25
SAFE:
$1.59
RNG:
44.65
SAFE:
10.21
RNG:
1.91
SAFE:
2.96
RNG:
$2.58B
SAFE:
$392.62M
RNG:
$1.86B
SAFE:
$382.95M
RNG:
$300.06M
SAFE:
$335.22M
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Return for Risk
RNG vs. SAFE — Risk / Return Rank
RNG
SAFE
RNG vs. SAFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RingCentral, Inc. (RNG) and Safehold Inc. (SAFE). 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.
| RNG | SAFE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 0.94 | +3.14 |
| Martin ratioReturn relative to average drawdown | 9.42 | 2.14 | +7.28 |
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Drawdowns
RNG vs. SAFE - Drawdown Comparison
The maximum RNG drawdown since its inception was -95.15%, which is greater than SAFE's maximum drawdown of -84.70%. Use the drawdown chart below to compare losses from any high point for RNG and SAFE.
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Drawdown Indicators
| RNG | SAFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.15% | -84.70% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -29.32% | -22.90% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -48.57% | -51.87% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -92.36% | -84.70% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -95.15% | — | — |
Current DrawdownCurrent decline from peak | -87.41% | -79.87% | -7.54% |
Average DrawdownAverage peak-to-trough decline | -42.86% | -40.62% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 10.02% | +2.67% |
Volatility
RNG vs. SAFE - Volatility Comparison
RingCentral, Inc. (RNG) has a higher volatility of 28.56% compared to Safehold Inc. (SAFE) at 10.88%. This indicates that RNG's price experiences larger fluctuations and is considered to be riskier than SAFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNG | SAFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.56% | 10.88% | +17.68% |
Volatility (6M)Calculated over the trailing 6-month period | 59.45% | 23.98% | +35.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.16% | 34.31% | +40.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.53% | 40.53% | +24.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.51% | 40.94% | +15.57% |
Dividends
RNG vs. SAFE - Dividend Comparison
RNG's dividend yield for the trailing twelve months is around 0.27%, less than SAFE's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RNG RingCentral, Inc. | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAFE Safehold Inc. | 4.38% | 5.17% | 3.83% | 3.03% | 2.45% | 0.84% | 1.10% | 1.15% | 3.19% | 1.78% |
Financials
RNG vs. SAFE - Financials Comparison
This section allows you to compare key financial metrics between RingCentral, Inc. and Safehold Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RNG vs. SAFE - Profitability Comparison
RNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, RingCentral, Inc. reported a gross profit of 472.31M and revenue of 657.01M. Therefore, the gross margin over that period was 71.9%.
SAFE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Safehold Inc. reported a gross profit of 102.90M and revenue of 104.75M. Therefore, the gross margin over that period was 98.2%.
RNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, RingCentral, Inc. reported an operating income of 50.29M and revenue of 657.01M, resulting in an operating margin of 7.7%.
SAFE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Safehold Inc. reported an operating income of 72.96M and revenue of 104.75M, resulting in an operating margin of 69.7%.
RNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, RingCentral, Inc. reported a net income of 39.12M and revenue of 657.01M, resulting in a net margin of 6.0%.
SAFE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Safehold Inc. reported a net income of 28.86M and revenue of 104.75M, resulting in a net margin of 27.6%.
Frequently Asked Questions
RNG and SAFE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNG has higher volatility (28.56%) compared to SAFE (10.88%). In terms of maximum drawdown, RNG dropped -95.15% vs SAFE's -84.70%.
RNG currently has the higher Sharpe Ratio (1.59 vs 0.63), 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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