FWONA vs. MELI
FWONA (Formula One Group) and MELI (MercadoLibre, Inc.) are both stocks. FWONA operates in Broadcasting (Communication Services), while MELI operates in Internet Retail (Consumer Cyclical). Over the past 10 years, FWONA returned 15.21%/yr vs 28.09%/yr for MELI. At a 0.32 correlation, their price movements are largely independent.
Performance
FWONA vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, FWONA achieves a -11.43% return, which is significantly higher than MELI's -18.84% return. Over the past 10 years, FWONA has underperformed MELI with an annualized return of 15.21%, while MELI has yielded a comparatively higher 28.09% annualized return.
FWONA
- 1D
- -0.71%
- 1M
- -1.43%
- YTD
- -11.43%
- 6M
- -7.69%
- 1Y
- -10.68%
- 3Y*
- 8.11%
- 5Y*
- 15.70%
- 10Y*
- 15.21%
MELI
- 1D
- -0.23%
- 1M
- -10.04%
- YTD
- -18.84%
- 6M
- -23.59%
- 1Y
- -36.49%
- 3Y*
- 8.23%
- 5Y*
- 4.28%
- 10Y*
- 28.09%
FWONA vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | -11.43% | 6.35% | 44.95% | 13.34% | -9.96% | 56.20% | -13.23% | 47.31% | -9.17% | 4.37% |
MELI MercadoLibre, Inc. | -18.84% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Correlation
The correlation between FWONA and MELI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | 0.32 |
Over the past year, the correlation between FWONA and MELI has dropped to 0.11 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
FWONA:
$4.43
MELI:
$37.87
FWONA:
17.85
MELI:
43.17
FWONA:
0.51
MELI:
0.26
FWONA:
3.15
MELI:
2.70
FWONA:
$4.75B
MELI:
$30.67B
FWONA:
$1.57B
MELI:
$13.95B
FWONA:
$1.37B
MELI:
$3.11B
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Return for Risk
FWONA vs. MELI — Risk / Return Rank
FWONA
MELI
FWONA vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONA) 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.
| FWONA | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.84 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.90 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.62 | +0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWONA | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.46 | -0.93 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.09 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.58 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.45 | -0.16 |
Drawdowns
FWONA vs. MELI - Drawdown Comparison
The maximum FWONA drawdown since its inception was -60.76%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for FWONA and MELI.
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Drawdown Indicators
| FWONA | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.76% | -89.49% | +28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -24.99% | -40.82% | +15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.71% | -40.82% | +15.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -68.64% | +42.93% |
Max Drawdown (10Y)Largest decline over 10 years | -60.76% | -69.12% | +8.36% |
Current DrawdownCurrent decline from peak | -20.31% | -37.45% | +17.14% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -23.57% | +9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 22.51% | -9.00% |
Volatility
FWONA vs. MELI - Volatility Comparison
The current volatility for Formula One Group (FWONA) is 8.46%, while MercadoLibre, Inc. (MELI) has a volatility of 17.23%. This indicates that FWONA 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.
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Volatility by Period
| FWONA | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 17.23% | -8.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 30.11% | -12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 39.50% | -16.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 49.68% | -22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.50% | 48.87% | -16.37% |
Dividends
FWONA vs. MELI - Dividend Comparison
Neither FWONA nor MELI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Financials
FWONA vs. MELI - Financials Comparison
This section allows you to compare key financial metrics between Formula One Group and MercadoLibre, Inc.. 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
FWONA vs. MELI - Profitability Comparison
FWONA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a gross profit of 298.00M and revenue of 711.00M. Therefore, the gross margin over that period was 41.9%.
MELI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a gross profit of 3.86B and revenue of 7.72B. Therefore, the gross margin over that period was 50.1%.
FWONA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported an operating income of 64.00M and revenue of 711.00M, resulting in an operating margin of 9.0%.
MELI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported an operating income of 611.00M and revenue of 7.72B, resulting in an operating margin of 7.9%.
FWONA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a net income of 57.00M and revenue of 711.00M, resulting in a net margin of 8.0%.
MELI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a net income of 417.00M and revenue of 7.72B, resulting in a net margin of 5.4%.
Frequently Asked Questions
FWONA and MELI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (17.23%) compared to FWONA (8.46%). In terms of maximum drawdown, FWONA dropped -60.76% vs MELI's -89.49%.
FWONA currently has the higher Sharpe Ratio (-0.46 vs -0.93), 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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