SAFE vs. RNG
SAFE (Safehold Inc.) and RNG (RingCentral, Inc.) are both stocks. SAFE operates in REIT - Diversified (Real Estate), while RNG operates in Software - Application (Technology). Over the past 5 years, SAFE returned -25.97%/yr vs -34.85%/yr for RNG. At a 0.29 correlation, their price movements are largely independent.
Performance
SAFE vs. RNG - Performance Comparison
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Returns By Period
In the year-to-date period, SAFE achieves a 14.93% return, which is significantly lower than RNG's 23.05% return.
SAFE
- 1D
- 2.10%
- 1M
- 5.93%
- YTD
- 14.93%
- 6M
- 19.22%
- 1Y
- 4.46%
- 3Y*
- -7.81%
- 5Y*
- -25.97%
- 10Y*
- —
RNG
- 1D
- 1.66%
- 1M
- -18.53%
- YTD
- 23.05%
- 6M
- 21.54%
- 1Y
- 33.85%
- 3Y*
- 3.48%
- 5Y*
- -34.85%
- 10Y*
- 5.91%
SAFE vs. RNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAFE Safehold Inc. | 14.93% | -22.47% | -18.25% | -15.60% | -63.41% | 11.15% | 82.46% | 118.07% | 10.49% | -5.74% |
RNG RingCentral, Inc. | 23.05% | -17.51% | 3.12% | -4.10% | -81.10% | -50.56% | 124.68% | 104.60% | 70.33% | 31.34% |
Correlation
The correlation between SAFE and RNG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2017 | 0.29 |
The correlation between SAFE and RNG shifts across timeframes, from 0.14 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SAFE:
$1.12B
RNG:
$3.08B
SAFE:
$1.59
RNG:
$0.94
SAFE:
9.79
RNG:
37.77
SAFE:
2.84
RNG:
1.25
SAFE:
$392.62M
RNG:
$2.55B
SAFE:
$382.95M
RNG:
$1.82B
SAFE:
$335.22M
RNG:
$364.66M
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Return for Risk
SAFE vs. RNG — Risk / Return Rank
SAFE
RNG
SAFE vs. RNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Safehold Inc. (SAFE) and RingCentral, Inc. (RNG). 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.
| SAFE | RNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.17 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.18 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.43 | 2.86 | -2.43 |
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Drawdowns
SAFE vs. RNG - Drawdown Comparison
The maximum SAFE drawdown since its inception was -84.70%, smaller than the maximum RNG drawdown of -95.15%. Use the drawdown chart below to compare losses from any high point for SAFE and RNG.
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Drawdown Indicators
| SAFE | RNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.70% | -95.15% | +10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -22.90% | -28.93% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -51.87% | -49.86% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -84.70% | -92.99% | +8.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.15% | — |
Current DrawdownCurrent decline from peak | -80.89% | -91.98% | +11.09% |
Average DrawdownAverage peak-to-trough decline | -40.16% | -42.46% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | 11.85% | -1.53% |
Volatility
SAFE vs. RNG - Volatility Comparison
The current volatility for Safehold Inc. (SAFE) is 9.26%, while RingCentral, Inc. (RNG) has a volatility of 19.11%. This indicates that SAFE experiences smaller price fluctuations and is considered to be less risky than RNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAFE | RNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 19.11% | -9.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.79% | 53.12% | -30.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.04% | 68.77% | -34.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.39% | 63.09% | -22.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.99% | 55.66% | -14.67% |
Dividends
SAFE vs. RNG - Dividend Comparison
SAFE's dividend yield for the trailing twelve months is around 4.56%, more than RNG's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RNG RingCentral, Inc. | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAFE Safehold Inc. | 4.56% | 5.17% | 3.83% | 3.03% | 2.45% | 0.84% | 1.10% | 1.15% | 3.19% | 1.78% |
Financials
SAFE vs. RNG - Financials Comparison
This section allows you to compare key financial metrics between Safehold Inc. and RingCentral, 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
SAFE vs. RNG - Profitability Comparison
SAFE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - 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%.
SAFE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Safehold Inc. reported an operating income of 72.96M and revenue of 104.75M, resulting in an operating margin of 69.7%.
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%.
SAFE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Safehold Inc. reported a net income of 28.86M and revenue of 104.75M, resulting in a net margin of 27.6%.
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%.
Frequently Asked Questions
SAFE and RNG 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 (19.11%) compared to SAFE (9.26%). In terms of maximum drawdown, SAFE dropped -84.70% vs RNG's -95.15%.
RNG currently has the higher Sharpe Ratio (0.49 vs 0.13), 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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