IH2O.L vs. MELI
IH2O.L (iShares Global Water UCITS ETF) is Water Equities fund tracking the S&P Global Water TR, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, IH2O.L returned 10.41%/yr vs 29.04%/yr for MELI. At a 0.29 correlation, their price movements are largely independent.
Performance
IH2O.L vs. MELI - Performance Comparison
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Different Trading Currencies
IH2O.L is traded in GBp, while MELI is traded in USD. To make them comparable, the MELI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IH2O.L achieves a -1.56% return, which is significantly higher than MELI's -18.51% return. Over the past 10 years, IH2O.L has underperformed MELI with an annualized return of 10.41%, while MELI has yielded a comparatively higher 29.04% annualized return.
IH2O.L
- 1D
- -0.06%
- 1M
- -2.43%
- YTD
- -1.56%
- 6M
- -2.69%
- 1Y
- 4.75%
- 3Y*
- 6.36%
- 5Y*
- 5.71%
- 10Y*
- 10.41%
MELI
- 1D
- -0.23%
- 1M
- -9.22%
- YTD
- -18.51%
- 6M
- -24.12%
- 1Y
- -35.87%
- 3Y*
- 5.51%
- 5Y*
- 5.41%
- 10Y*
- 29.04%
IH2O.L vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | -1.56% | 10.23% | 6.31% | 7.67% | -11.13% | 33.06% | 11.63% | 29.99% | -4.91% | 16.22% |
MELI MercadoLibre, Inc. | -18.51% | 10.02% | 10.09% | 76.43% | -29.78% | -18.75% | 184.30% | 87.87% | -1.41% | 84.53% |
Correlation
The correlation between IH2O.L 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2007 | 0.29 |
The correlation between IH2O.L and MELI shifts across timeframes, from 0.11 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IH2O.L vs. MELI — Risk / Return Rank
IH2O.L
MELI
IH2O.L vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IH2O.L) 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.
| IH2O.L | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.84 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.90 | +1.36 |
| Martin ratioReturn relative to average drawdown | 1.23 | -1.70 | +2.93 |
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
| IH2O.L | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | -0.91 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.11 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.60 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.50 | +0.11 |
Drawdowns
IH2O.L vs. MELI - Drawdown Comparison
The maximum IH2O.L drawdown since its inception was -35.40%, smaller than the maximum MELI drawdown of -85.75%. Use the drawdown chart below to compare losses from any high point for IH2O.L and MELI.
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Drawdown Indicators
| IH2O.L | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -85.75% | +50.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -39.88% | +29.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -41.19% | +27.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | -65.00% | +41.86% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -65.87% | +38.71% |
Current DrawdownCurrent decline from peak | -9.03% | -37.40% | +28.37% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -21.28% | +15.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 21.08% | -17.22% |
Volatility
IH2O.L vs. MELI - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF (IH2O.L) is 3.95%, while MercadoLibre, Inc. (MELI) has a volatility of 17.67%. This indicates that IH2O.L 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
| IH2O.L | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 17.67% | -13.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 29.76% | -19.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 39.47% | -27.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 48.44% | -34.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 48.42% | -33.50% |
Dividends
IH2O.L vs. MELI - Dividend Comparison
IH2O.L's dividend yield for the trailing twelve months is around 1.91%, while MELI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | 1.91% | 1.78% | 1.34% | 1.51% | 1.32% | 2.25% | 1.29% | 1.84% | 2.30% | 1.98% | 2.17% | 2.45% |
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
IH2O.L 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.
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