RNG vs. SE
RNG (RingCentral, Inc.) and SE (Sea Limited) are both stocks. RNG operates in Software - Application (Technology), while SE operates in Electronic Gaming & Multimedia (Communication Services). Over the past 5 years, RNG returned -34.83%/yr vs -20.53%/yr for SE. At a 0.40 correlation, their price movements are largely independent.
Performance
RNG vs. SE - Performance Comparison
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Returns By Period
In the year-to-date period, RNG achieves a 21.04% return, which is significantly higher than SE's -30.20% return.
RNG
- 1D
- -0.51%
- 1M
- -19.86%
- YTD
- 21.04%
- 6M
- 17.85%
- 1Y
- 30.87%
- 3Y*
- 2.91%
- 5Y*
- -34.83%
- 10Y*
- 5.73%
SE
- 1D
- -2.45%
- 1M
- 2.03%
- YTD
- -30.20%
- 6M
- -28.64%
- 1Y
- -41.96%
- 3Y*
- 14.76%
- 5Y*
- -20.53%
- 10Y*
- —
RNG vs. SE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNG RingCentral, Inc. | 21.04% | -17.51% | 3.12% | -4.10% | -81.10% | -50.56% | 124.68% | 104.60% | 70.33% | 18.19% |
SE Sea Limited | -30.20% | 20.24% | 161.98% | -22.16% | -76.74% | 12.39% | 394.90% | 255.30% | -15.08% | -17.97% |
Correlation
The correlation between RNG and SE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017 | 0.40 |
Over the past year, the correlation between RNG and SE has dropped to 0.11 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
RNG:
$3.03B
SE:
$56.64B
RNG:
$0.94
SE:
$2.57
RNG:
37.15
SE:
34.58
RNG:
1.23
SE:
2.21
RNG:
$2.55B
SE:
$25.19B
RNG:
$1.82B
SE:
$11.15B
RNG:
$364.66M
SE:
$2.33B
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Return for Risk
RNG vs. SE — Risk / Return Rank
RNG
SE
RNG vs. SE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RingCentral, Inc. (RNG) and Sea Limited (SE). 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 | SE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | -0.70 | +1.77 |
| Martin ratioReturn relative to average drawdown | 2.64 | -1.12 | +3.76 |
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Drawdowns
RNG vs. SE - Drawdown Comparison
The maximum RNG drawdown since its inception was -95.15%, which is greater than SE's maximum drawdown of -90.51%. Use the drawdown chart below to compare losses from any high point for RNG and SE.
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Drawdown Indicators
| RNG | SE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.15% | -90.51% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -28.93% | -60.22% | +31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -49.86% | -60.22% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -92.99% | -90.51% | -2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -95.15% | — | — |
Current DrawdownCurrent decline from peak | -92.11% | -75.74% | -16.37% |
Average DrawdownAverage peak-to-trough decline | -42.45% | -44.17% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 37.38% | -25.66% |
Volatility
RNG vs. SE - Volatility Comparison
RingCentral, Inc. (RNG) has a higher volatility of 19.04% compared to Sea Limited (SE) at 15.33%. This indicates that RNG's price experiences larger fluctuations and is considered to be riskier than SE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNG | SE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.04% | 15.33% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | 38.25% | +14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.89% | 51.25% | +17.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.09% | 64.23% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.67% | 62.56% | -6.89% |
Dividends
RNG vs. SE - Dividend Comparison
RNG's dividend yield for the trailing twelve months is around 0.43%, while SE has not paid dividends to shareholders.
| Position | TTM |
|---|---|
RNG RingCentral, Inc. | 0.43% |
SE Sea Limited | 0.00% |
Financials
RNG vs. SE - Financials Comparison
This section allows you to compare key financial metrics between RingCentral, Inc. and Sea Limited. 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. SE - Profitability Comparison
RNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, RingCentral, Inc. reported a gross profit of 464.77M and revenue of 644.20M. Therefore, the gross margin over that period was 72.2%.
SE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sea Limited reported a gross profit of 3.15B and revenue of 7.10B. Therefore, the gross margin over that period was 44.3%.
RNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, RingCentral, Inc. reported an operating income of 50.03M and revenue of 644.20M, resulting in an operating margin of 7.8%.
SE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sea Limited reported an operating income of 565.39M and revenue of 7.10B, resulting in an operating margin of 8.0%.
RNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, RingCentral, Inc. reported a net income of 30.62M and revenue of 644.20M, resulting in a net margin of 4.8%.
SE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sea Limited reported a net income of 427.94M and revenue of 7.10B, resulting in a net margin of 6.0%.
Frequently Asked Questions
RNG and SE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNG has higher volatility (19.04%) compared to SE (15.33%). In terms of maximum drawdown, RNG dropped -95.15% vs SE's -90.51%.
RNG currently has the higher Sharpe Ratio (0.45 vs -0.82), 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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