AGG vs. MELI

Last updated Jun 9, 2026

AGG (iShares Core U.S. Aggregate Bond ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, AGG returned 1.52%/yr vs 28.28%/yr for MELI. At a correlation of -0.03, they often move in opposite directions.

Performance

AGG vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. Aggregate Bond ETF (AGG) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGG achieves a -0.08% return, which is significantly higher than MELI's -19.97% return. Over the past 10 years, AGG has underperformed MELI with an annualized return of 1.52%, while MELI has yielded a comparatively higher 28.28% annualized return.

AGG

• 1D: 0.00%
• 1M: -0.69%
• YTD: -0.08%
• 6M: 0.26%
• 1Y: 4.97%
• 3Y*: 3.88%
• 5Y*: -0.03%
• 10Y*: 1.52%

MELI

• 1D: 0.26%
• 1M: -1.26%
• YTD: -19.97%
• 6M: -22.81%
• 1Y: -35.06%
• 3Y*: 10.08%
• 5Y*: 4.13%
• 10Y*: 28.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. MELI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGG iShares Core U.S. Aggregate Bond ETF	-0.08%	7.19%	1.31%	5.65%	-13.02%	-1.77%	7.48%	8.46%	0.09%	3.55%
MELI MercadoLibre, Inc.	-19.97%	18.46%	8.20%	85.71%	-37.24%	-19.51%	192.90%	95.30%	-6.93%	101.99%

Correlation

The correlation between AGG and MELI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Aug 13, 2007	-0.03

The correlation between AGG and MELI shifts across timeframes, from -0.03 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AGG vs. MELI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGG

AGG Risk / Return Rank: 40
AGG Sharpe Ratio Rank: 41
AGG Sortino Ratio Rank: 42
AGG Omega Ratio Rank: 39
AGG Calmar Ratio Rank: 40
AGG Martin Ratio Rank: 38

MELI

MELI Risk / Return Rank: 8
MELI Sharpe Ratio Rank: 7
MELI Sortino Ratio Rank: 10
MELI Omega Ratio Rank: 9
MELI Calmar Ratio Rank: 8
MELI Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGG vs. MELI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and MercadoLibre, Inc. (MELI). 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.

	AGG	MELI	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.89	+2.21
Sortino ratio: Return per unit of downside risk	1.94	-1.14	+3.09
Omega ratio: Gain probability vs. loss probability	1.23	0.85	+0.38
Calmar ratio: Return relative to maximum drawdown	1.81	-0.86	+2.67
Martin ratio: Return relative to average drawdown	5.44	-1.54	+6.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGG vs. MELI - Sharpe Ratio Comparison

The current AGG Sharpe Ratio is 1.32, which is higher than the MELI Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of AGG and MELI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGG	MELI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.89	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.08	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.58	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.44	+0.15

Drawdowns

AGG vs. MELI - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for AGG and MELI.

Drawdown Indicators

	AGG	MELI	Difference
Max Drawdown Largest peak-to-trough decline	-18.43%	-89.49%	+71.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-40.82%	+38.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-40.82%	+34.71%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-68.64%	+50.82%
Max Drawdown (10Y) Largest decline over 10 years	-18.43%	-69.12%	+50.69%
Current Drawdown Current decline from peak	-2.47%	-38.32%	+35.85%
Average Drawdown Average peak-to-trough decline	-2.71%	-23.58%	+20.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	22.74%	-21.82%

Volatility

AGG vs. MELI - Volatility Comparison

The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.29%, while MercadoLibre, Inc. (MELI) has a volatility of 17.04%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGG	MELI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	17.04%	-15.75%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	30.13%	-27.36%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	39.42%	-35.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.09%	49.68%	-43.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	48.89%	-43.48%

Dividends

AGG vs. MELI - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 4.00%, while MELI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	4.00%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
MELI MercadoLibre, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.38%	0.36%

Frequently Asked Questions

Can I hold both AGG and MELI in my portfolio?

AGG and MELI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGG or MELI?

MELI has higher volatility (17.04%) compared to AGG (1.29%). In terms of maximum drawdown, AGG dropped -18.43% vs MELI's -89.49%.

Which has better risk-adjusted returns?

AGG currently has the higher Sharpe Ratio (1.32 vs -0.89), 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.