IUSB vs. MELI
IUSB (iShares Core Universal USD Bond ETF) is Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, IUSB returned 1.76%/yr vs 28.13%/yr for MELI. At a 0.08 correlation, their price movements are largely independent.
Performance
IUSB vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, IUSB achieves a 0.22% return, which is significantly higher than MELI's -9.03% return. Over the past 10 years, IUSB has underperformed MELI with an annualized return of 1.76%, while MELI has yielded a comparatively higher 28.13% annualized return.
IUSB
- 1D
- -0.24%
- 1M
- -0.60%
- 6M
- 0.02%
- YTD
- 0.22%
- 1Y
- 4.08%
- 3Y*
- 4.33%
- 5Y*
- 0.15%
- 10Y*
- 1.76%
- ALL TIME*
- 2.17%
MELI
- 1D
- 1.02%
- 1M
- 12.06%
- 6M
- -11.69%
- YTD
- -9.03%
- 1Y
- -24.08%
- 3Y*
- 14.49%
- 5Y*
- 3.40%
- 10Y*
- 28.13%
- ALL TIME*
- 26.51%
IUSB vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 0.22% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Correlation
The correlation between IUSB and MELI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.08 |
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Return for Risk
IUSB vs. MELI — Risk / Return Rank
IUSB
MELI
IUSB vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Universal USD Bond ETF (IUSB) 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.
| IUSB | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.92 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.63 | +2.25 |
| Martin ratioReturn relative to average drawdown | 4.45 | -1.06 | +5.51 |
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Drawdowns
IUSB vs. MELI - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.90%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for IUSB and MELI.
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Drawdown Indicators
| IUSB | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -89.49% | +71.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -38.40% | +35.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -40.82% | +35.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -68.64% | +50.77% |
Max Drawdown (10Y)Largest decline over 10 years | -17.90% | -69.12% | +51.22% |
Current DrawdownCurrent decline from peak | -1.53% | -29.89% | +28.36% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -23.63% | +20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 22.69% | -21.77% |
Volatility
IUSB vs. MELI - Volatility Comparison
The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 1.02%, while MercadoLibre, Inc. (MELI) has a volatility of 8.75%. This indicates that IUSB 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
| IUSB | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 8.75% | -7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 29.45% | -26.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 39.82% | -36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 49.77% | -43.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 48.89% | -43.84% |
Dividends
IUSB vs. MELI - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 4.26%, while MELI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.26% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
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
IUSB and MELI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (8.75%) compared to IUSB (1.02%). In terms of maximum drawdown, IUSB dropped -17.90% vs MELI's -89.49%.
IUSB currently has the higher Sharpe Ratio (1.15 vs -0.61), 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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