Actually, the difference is greater then that;
Elven Sight (Passive)
You can see further and thus target and attack your enemies from afar.
Level 1 Increase sight range by 2. Required level 1
Level 2 Increase sight range by 4. Required level 5
Level 3 Increase sight range by 8. Required level 9
Level 4 Increase sight range by 10. Required level 13
Level 5 Increase sight range by 12. Required level 17
Ranger Sight (Passive)
Grants you the keen eyesight of a ranger to help you see your enemies from afar.
Level 1 Increase sight range by 1. Required level is 6
Level 2 Increase sight range by 1. Required level is 12
Level 3 Increase sight range by 1. Required level is 18
Level 4 Increase sight range by 1. Required level is 24
Level 5 Increase sight range by 1. Required level is 30