DLO vs. CART
DLO (DLocal Limited) and CART (Maplebear Inc. Common Stock) are both stocks. DLO operates in Software - Infrastructure (Technology), while CART operates in Internet Retail (Consumer Cyclical). Over the past year, DLO returned 40.67% vs 0.83% for CART. At a 0.19 correlation, their price movements are largely independent.
Performance
DLO vs. CART - Performance Comparison
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Returns By Period
In the year-to-date period, DLO achieves a 9.23% return, which is significantly higher than CART's 7.58% return.
DLO
- 1D
- 4.26%
- 1M
- 23.10%
- 6M
- 7.78%
- YTD
- 9.23%
- 1Y
- 40.67%
- 3Y*
- 7.48%
- 5Y*
- -20.08%
- 10Y*
- —
CART
- 1D
- 0.23%
- 1M
- 15.49%
- 6M
- 17.54%
- YTD
- 7.58%
- 1Y
- 0.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLO vs. CART - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DLO DLocal Limited | 9.23% | 31.72% | -36.35% | -12.51% |
CART Maplebear Inc. Common Stock | 7.58% | 8.59% | 76.48% | -44.12% |
Correlation
The correlation between DLO and CART is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.19 |
The correlation between DLO and CART shifts across timeframes, from 0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DLO:
$4.46B
CART:
$11.37B
DLO:
$0.64
CART:
$1.81
DLO:
23.71
CART:
26.67
DLO:
0.74
CART:
0.11
DLO:
3.76
CART:
3.35
DLO:
8.23
CART:
5.59
DLO:
$1.21B
CART:
$3.86B
DLO:
$436.56M
CART:
$2.82B
DLO:
$280.42M
CART:
$672.00M
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Return for Risk
DLO vs. CART — Risk / Return Rank
DLO
CART
DLO vs. CART - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DLocal Limited (DLO) and Maplebear Inc. Common Stock (CART). 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 | CART | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.04 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.00 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.33 | -0.00 | +2.33 |
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Drawdowns
DLO vs. CART - Drawdown Comparison
The maximum DLO drawdown since its inception was -89.99%, which is greater than CART's maximum drawdown of -46.60%. Use the drawdown chart below to compare losses from any high point for DLO and CART.
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Drawdown Indicators
| DLO | CART | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.99% | -46.60% | -43.39% |
Max Drawdown (1Y)Largest decline over 1 year | -30.45% | -36.39% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -68.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -89.99% | — | — |
Current DrawdownCurrent decline from peak | -76.52% | -8.96% | -67.56% |
Average DrawdownAverage peak-to-trough decline | -70.30% | -20.78% | -49.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.34% | 20.77% | -5.43% |
Volatility
DLO vs. CART - Volatility Comparison
DLocal Limited (DLO) has a higher volatility of 15.39% compared to Maplebear Inc. Common Stock (CART) at 11.49%. This indicates that DLO's price experiences larger fluctuations and is considered to be riskier than CART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLO | CART | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.39% | 11.49% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 36.05% | 32.16% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.14% | 42.93% | +13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.39% | 46.97% | +26.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.52% | 46.97% | +26.55% |
Dividends
DLO vs. CART - Dividend Comparison
DLO's dividend yield for the trailing twelve months is around 1.28%, while CART has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CART Maplebear Inc. Common Stock | 0.00% | 0.00% |
DLO DLocal Limited | 1.28% | 3.71% |
Financials
DLO vs. CART - Financials Comparison
This section allows you to compare key financial metrics between DLocal Limited and Maplebear Inc. Common Stock. 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
DLO vs. CART - Profitability Comparison
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
CART - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Maplebear Inc. Common Stock reported a gross profit of 738.00M and revenue of 1.02B. Therefore, the gross margin over that period was 72.4%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
CART - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Maplebear Inc. Common Stock reported an operating income of 182.00M and revenue of 1.02B, resulting in an operating margin of 17.9%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
CART - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Maplebear Inc. Common Stock reported a net income of 144.00M and revenue of 1.02B, resulting in a net margin of 14.1%.
Frequently Asked Questions
DLO and CART have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLO has higher volatility (15.39%) compared to CART (11.49%). In terms of maximum drawdown, DLO dropped -89.99% vs CART's -46.60%.
DLO currently has the higher Sharpe Ratio (0.64 vs -0.00), 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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