ETH-USD vs. MELI
ETH-USD (Ethereum) is a cryptocurrency, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, ETH-USD returned 57.05%/yr vs 28.09%/yr for MELI. At a 0.13 correlation, their price movements are largely independent.
Performance
ETH-USD vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.34% return, which is significantly lower than MELI's -21.08% return. Over the past 10 years, ETH-USD has outperformed MELI with an annualized return of 57.05%, while MELI has yielded a comparatively lower 28.09% annualized return.
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
MELI
- 1D
- -1.27%
- 1M
- -1.11%
- YTD
- -21.08%
- 6M
- -21.15%
- 1Y
- -32.98%
- 3Y*
- 9.54%
- 5Y*
- 2.68%
- 10Y*
- 28.09%
ETH-USD vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.34% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Correlation
The correlation between ETH-USD and MELI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.13 |
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Return for Risk
ETH-USD vs. MELI — Risk / Return Rank
ETH-USD
MELI
ETH-USD vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
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.
| ETH-USD | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.81 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.42 | +0.53 |
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Drawdowns
ETH-USD vs. MELI - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than MELI's maximum drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for ETH-USD and MELI.
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Drawdown Indicators
| ETH-USD | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -89.49% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -40.82% | -26.71% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -40.82% | -26.71% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -68.64% | -10.71% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -69.12% | -24.89% |
Current DrawdownCurrent decline from peak | -65.20% | -39.18% | -26.02% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -23.58% | -27.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 23.24% | +22.25% |
Volatility
ETH-USD vs. MELI - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 17.20% compared to MercadoLibre, Inc. (MELI) at 9.96%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 9.96% | +7.24% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 29.79% | +16.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 39.48% | +16.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 49.65% | +9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 48.88% | +29.00% |
Frequently Asked Questions
ETH-USD and MELI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.20%) compared to MELI (9.96%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs MELI's -89.49%.
ETH-USD currently has the higher Sharpe Ratio (-0.52 vs -0.84), 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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