DLO vs. ^SP500TR
DLO (DLocal Limited) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, DLO returned -21.99%/yr vs 13.62%/yr for ^SP500TR. At a 0.48 correlation, their price movements are largely independent.
Performance
DLO vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, DLO achieves a -12.20% return, which is significantly lower than ^SP500TR's 9.80% return.
DLO
- 1D
- -4.53%
- 1M
- 2.95%
- YTD
- -12.20%
- 6M
- -13.54%
- 1Y
- 21.72%
- 3Y*
- 2.37%
- 5Y*
- -21.99%
- 10Y*
- —
^SP500TR
- 1D
- -0.36%
- 1M
- 0.10%
- YTD
- 9.80%
- 6M
- 9.29%
- 1Y
- 26.74%
- 3Y*
- 21.41%
- 5Y*
- 13.62%
- 10Y*
- 15.81%
DLO vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DLO DLocal Limited | -12.20% | 31.72% | -36.35% | 13.62% | -56.37% | 15.13% |
^SP500TR S&P 500 Total Return | 9.80% | 17.88% | 25.02% | 26.29% | -18.11% | 14.16% |
Correlation
The correlation between DLO and ^SP500TR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.48 |
The correlation between DLO and ^SP500TR has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
DLO vs. ^SP500TR — Risk / Return Rank
DLO
^SP500TR
DLO vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DLocal Limited (DLO) and S&P 500 Total Return (^SP500TR). 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.
| DLO | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.02 | -2.30 |
| Martin ratioReturn relative to average drawdown | 1.44 | 13.64 | -12.20 |
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Drawdowns
DLO vs. ^SP500TR - Drawdown Comparison
The maximum DLO drawdown since its inception was -89.99%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for DLO and ^SP500TR.
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Drawdown Indicators
| DLO | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.99% | -55.25% | -34.74% |
Max Drawdown (1Y)Largest decline over 1 year | -30.45% | -8.89% | -21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -68.59% | -18.75% | -49.84% |
Max Drawdown (5Y)Largest decline over 5 years | -89.99% | -24.49% | -65.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -81.13% | -1.72% | -79.41% |
Average DrawdownAverage peak-to-trough decline | -70.22% | -8.16% | -62.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 1.96% | +13.11% |
Volatility
DLO vs. ^SP500TR - Volatility Comparison
DLocal Limited (DLO) has a higher volatility of 12.17% compared to S&P 500 Total Return (^SP500TR) at 4.67%. This indicates that DLO's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLO | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.17% | 4.67% | +7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 33.71% | 9.84% | +23.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 12.50% | +42.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.63% | 16.99% | +56.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.61% | 18.11% | +55.50% |
Frequently Asked Questions
DLO and ^SP500TR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLO has higher volatility (12.17%) compared to ^SP500TR (4.67%). In terms of maximum drawdown, DLO dropped -89.99% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (2.15 vs 0.40), 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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