RNG vs. SKYY
Compare and contrast key facts about RingCentral, Inc. (RNG) and First Trust ISE Cloud Computing Index Fund (SKYY).
SKYY is a passively managed fund by First Trust that tracks the performance of the ISE Cloud Computing Index. It was launched on Jul 5, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNG or SKYY.
Key characteristics
| RNG | SKYY | |
|---|---|---|
| YTD Return | 6.66% | 36.04% |
| 1Y Return | 31.43% | 54.80% |
| 3Y Return (Ann) | -49.38% | 0.30% |
| 5Y Return (Ann) | -26.50% | 15.55% |
| 10Y Return (Ann) | 11.17% | 15.93% |
| Sharpe Ratio | 0.77 | 2.69 |
| Sortino Ratio | 1.34 | 3.33 |
| Omega Ratio | 1.17 | 1.45 |
| Calmar Ratio | 0.38 | 1.64 |
| Martin Ratio | 2.69 | 17.44 |
| Ulcer Index | 13.28% | 3.32% |
| Daily Std Dev | 46.32% | 21.48% |
| Max Drawdown | -94.29% | -53.20% |
| Current Drawdown | -91.83% | 0.00% |
Correlation
The correlation between RNG and SKYY is 0.60, 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.
Performance
RNG vs. SKYY - Performance Comparison
In the year-to-date period, RNG achieves a 6.66% return, which is significantly lower than SKYY's 36.04% return. Over the past 10 years, RNG has underperformed SKYY with an annualized return of 11.17%, while SKYY has yielded a comparatively higher 15.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
RNG vs. SKYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RingCentral, Inc. (RNG) and First Trust ISE Cloud Computing Index Fund (SKYY). 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.
Dividends
RNG vs. SKYY - Dividend Comparison
Neither RNG nor SKYY has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RNG RingCentral, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.95% | 0.27% | 0.35% | 0.41% | 0.17% |
Drawdowns
RNG vs. SKYY - Drawdown Comparison
The maximum RNG drawdown since its inception was -94.29%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for RNG and SKYY. For additional features, visit the drawdowns tool.
Volatility
RNG vs. SKYY - Volatility Comparison
RingCentral, Inc. (RNG) has a higher volatility of 9.06% compared to First Trust ISE Cloud Computing Index Fund (SKYY) at 6.54%. This indicates that RNG's price experiences larger fluctuations and is considered to be riskier than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.