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MELI vs. AMLP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MELI vs. AMLP

Last updated Jun 13, 2026

MELI (MercadoLibre, Inc.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, MELI returned 28.09%/yr vs 6.92%/yr for AMLP. At a 0.26 correlation, their price movements are largely independent.

Performance

MELI vs. AMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MercadoLibre, Inc. (MELI) and Alerian MLP ETF (AMLP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MELI achieves a -21.08% return, which is significantly lower than AMLP's 15.29% return. Over the past 10 years, MELI has outperformed AMLP with an annualized return of 28.09%, while AMLP has yielded a comparatively lower 6.92% annualized return.

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%

AMLP

1D
-0.34%
1M
-1.96%
YTD
15.29%
6M
14.35%
1Y
14.76%
3Y*
20.22%
5Y*
15.26%
10Y*
6.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MELI vs. AMLP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MELI
MercadoLibre, Inc.		-21.08%18.46%8.20%85.71%-37.24%-19.51%192.90%95.30%-6.93%101.99%
AMLP
Alerian MLP ETF		15.29%5.78%22.76%21.40%25.47%39.09%-32.26%5.99%-12.67%-7.89%

Correlation

The correlation between MELI and AMLP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2010

0.26

Over the past year, the correlation between MELI and AMLP has dropped to 0.02 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MercadoLibre, Inc.

Alerian MLP ETF

Often compared with MELI:
MELI vs. AMZNMELI vs. CPNGMELI vs. VOOMELI vs. DISMELI vs. QQQMELI vs. PDDMELI vs. LLY
Often compared with AMLP:
AMLP vs. MLPAAMLP vs. ENFRAMLP vs. XLEAMLP vs. SPYAMLP vs. ETAMLP vs. VDEAMLP vs. KYN

Return for Risk

MELI vs. AMLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MELI
MELI Risk / Return Rank: 1111
Overall Rank
MELI Sharpe Ratio Rank: 99
Sharpe Ratio Rank
MELI Sortino Ratio Rank: 1212
Sortino Ratio Rank
MELI Omega Ratio Rank: 1111
Omega Ratio Rank
MELI Calmar Ratio Rank: 1212
Calmar Ratio Rank
MELI Martin Ratio Rank: 99
Martin Ratio Rank
AMLP
AMLP Risk / Return Rank: 3838
Overall Rank
AMLP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
AMLP Sortino Ratio Rank: 3939
Sortino Ratio Rank
AMLP Omega Ratio Rank: 3737
Omega Ratio Rank
AMLP Calmar Ratio Rank: 3838
Calmar Ratio Rank
AMLP Martin Ratio Rank: 3939
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MELI vs. AMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Alerian MLP ETF (AMLP). 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.

MELIAMLPDifference
Sharpe ratioReturn per unit of total volatility
-0.84
1.25

-2.09

Sortino ratioReturn per unit of downside risk
-1.03
1.79

-2.82

Omega ratioGain probability vs. loss probability

0.86

1.22

-0.35

Calmar ratioReturn relative to maximum drawdown

-0.81

1.66

-2.47

Martin ratioReturn relative to average drawdown

-1.42

5.35

-6.77

MELI vs. AMLP - Sharpe Ratio Comparison

The current MELI Sharpe Ratio is -0.84, which is lower than the AMLP Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of MELI and AMLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MELI vs. AMLP - Drawdown Comparison

The maximum MELI drawdown since its inception was -89.49%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for MELI and AMLP.

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Drawdown Indicators

MELIAMLPDifference

Max Drawdown

Largest peak-to-trough decline

-89.49%

-77.19%

-12.30%

Max Drawdown (1Y)

Largest decline over 1 year

-40.82%

-8.94%

-31.88%

Max Drawdown (3Y)

Largest decline over 3 years

-40.82%

-14.27%

-26.55%

Max Drawdown (5Y)

Largest decline over 5 years

-68.64%

-20.92%

-47.72%

Max Drawdown (10Y)

Largest decline over 10 years

-69.12%

-72.62%

+3.50%

Current Drawdown

Current decline from peak

-39.18%

-4.94%

-34.24%

Average Drawdown

Average peak-to-trough decline

-23.58%

-17.37%

-6.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

23.24%

2.77%

+20.47%

Volatility

MELI vs. AMLP - Volatility Comparison

MercadoLibre, Inc. (MELI) has a higher volatility of 9.96% compared to Alerian MLP ETF (AMLP) at 4.71%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MELIAMLPDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.96%

4.71%

+5.25%

Volatility (6M)

Calculated over the trailing 6-month period

29.79%

8.77%

+21.02%

Volatility (1Y)

Calculated over the trailing 1-year period

39.48%

11.84%

+27.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.65%

19.95%

+29.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.88%

27.67%

+21.21%

Dividends

MELI vs. AMLP - Dividend Comparison

MELI has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.71%.

PositionTTM20252024202320222021202020192018201720162015
AMLP
Alerian MLP ETF		7.71%8.36%7.70%7.86%7.70%8.55%12.31%9.12%9.29%7.97%8.09%9.84%
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

MELI and AMLP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MELI has higher volatility (9.96%) compared to AMLP (4.71%). In terms of maximum drawdown, MELI dropped -89.49% vs AMLP's -77.19%.

AMLP currently has the higher Sharpe Ratio (1.25 vs -0.84), 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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