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 1.88%/yr vs 28.28%/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 0.04% return, which is significantly higher than MELI's -19.97% return. Over the past 10 years, IUSB has underperformed MELI with an annualized return of 1.88%, while MELI has yielded a comparatively higher 28.28% annualized return.
IUSB
- 1D
- -0.09%
- 1M
- -0.67%
- YTD
- 0.04%
- 6M
- 0.37%
- 1Y
- 5.22%
- 3Y*
- 4.40%
- 5Y*
- 0.29%
- 10Y*
- 1.88%
MELI
- 1D
- 0.26%
- 1M
- -1.26%
- YTD
- -19.97%
- 6M
- -22.81%
- 1Y
- -35.06%
- 3Y*
- 10.08%
- 5Y*
- 4.13%
- 10Y*
- 28.28%
IUSB vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 0.04% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
MELI MercadoLibre, Inc. | -19.97% | 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 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 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.
| IUSB | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.86 | +2.94 |
| Martin ratioReturn relative to average drawdown | 6.19 | -1.54 | +7.73 |
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
| IUSB | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.89 | +2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.08 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.58 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.44 | +0.01 |
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% | -40.82% | +38.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.82% | -40.82% | +35.00% |
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 | -1.71% | -38.32% | +36.61% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -23.58% | +19.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 22.74% | -21.89% |
Volatility
IUSB vs. MELI - Volatility Comparison
The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 1.21%, while MercadoLibre, Inc. (MELI) has a volatility of 17.04%. 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 | 1.21% | 17.04% | -15.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 30.13% | -27.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 39.42% | -35.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 49.68% | -43.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 48.89% | -43.85% |
Dividends
IUSB vs. MELI - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 4.25%, 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 | 4.25% | 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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (17.04%) compared to IUSB (1.21%). In terms of maximum drawdown, IUSB dropped -17.90% vs MELI's -89.49%.
IUSB currently has the higher Sharpe Ratio (1.47 vs -0.89), 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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