IBIT vs. MELI
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MELI (MercadoLibre, Inc.) is a stock. Over the past year, IBIT returned -40.63% vs -32.89% for MELI. At a 0.18 correlation, their price movements are largely independent.
Performance
IBIT vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than MELI's -21.08% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MELI
- 1D
- -1.27%
- 1M
- 1.77%
- YTD
- -21.08%
- 6M
- -21.15%
- 1Y
- -32.89%
- 3Y*
- 9.54%
- 5Y*
- 2.68%
- 10Y*
- 28.09%
IBIT vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 6.40% |
Correlation
The correlation between IBIT and MELI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.18 |
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Return for Risk
IBIT vs. MELI — Risk / Return Rank
IBIT
MELI
IBIT vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.86 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.81 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.42 | +0.05 |
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Drawdowns
IBIT vs. MELI - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for IBIT and MELI.
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Drawdown Indicators
| IBIT | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -89.49% | +37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -40.82% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.12% | — |
Current DrawdownCurrent decline from peak | -49.45% | -39.18% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -23.58% | +7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 23.24% | +6.40% |
Volatility
IBIT vs. MELI - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to MercadoLibre, Inc. (MELI) at 9.96%. This indicates that IBIT'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
| IBIT | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 9.96% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 29.79% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 39.48% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 49.65% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 48.88% | +1.38% |
Dividends
IBIT vs. MELI - Dividend Comparison
Neither IBIT nor MELI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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% |
Frequently Asked Questions
IBIT and MELI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to MELI (9.96%). In terms of maximum drawdown, IBIT dropped -52.11% vs MELI's -89.49%.
MELI currently has the higher Sharpe Ratio (-0.84 vs -0.92), 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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