MELI vs. BLND
MELI (MercadoLibre, Inc.) and BLND (Blend Labs, Inc.) are both stocks. MELI operates in Internet Retail (Consumer Cyclical), while BLND operates in Software - Application (Technology). Over the past 3 years, MELI returned 10.08%/yr vs 20.39%/yr for BLND. At a 0.31 correlation, their price movements are largely independent.
Performance
MELI vs. BLND - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -19.97% return, which is significantly higher than BLND's -43.75% return.
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%
BLND
- 1D
- 5.56%
- 1M
- 23.91%
- YTD
- -43.75%
- 6M
- -46.89%
- 1Y
- -54.28%
- 3Y*
- 20.39%
- 5Y*
- —
- 10Y*
- —
MELI vs. BLND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -19.97% | 18.46% | 8.20% | 85.71% | -37.24% | -10.85% |
BLND Blend Labs, Inc. | -43.75% | -27.79% | 65.10% | 77.08% | -80.38% | -64.88% |
Correlation
The correlation between MELI and BLND is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.31 |
Fundamentals
MELI:
$81.72B
BLND:
$437.13M
MELI:
$37.87
BLND:
-$0.04
MELI:
2.66
BLND:
3.49
MELI:
$30.67B
BLND:
$127.59M
MELI:
$13.95B
BLND:
$95.50M
MELI:
$3.11B
BLND:
-$16.09M
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Return for Risk
MELI vs. BLND — Risk / Return Rank
MELI
BLND
MELI vs. BLND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Blend Labs, Inc. (BLND). 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.
| MELI | BLND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.88 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.80 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.33 | -0.22 |
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
| MELI | BLND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.76 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.48 | +0.92 |
Drawdowns
MELI vs. BLND - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, smaller than the maximum BLND drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for MELI and BLND.
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Drawdown Indicators
| MELI | BLND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -97.37% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -68.42% | +27.60% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -74.21% | +33.39% |
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 | -38.32% | -91.82% | +53.50% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -81.10% | +57.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.74% | 40.92% | -18.18% |
Volatility
MELI vs. BLND - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 17.04%, while Blend Labs, Inc. (BLND) has a volatility of 28.87%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than BLND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | BLND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.04% | 28.87% | -11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 30.13% | 54.77% | -24.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.42% | 71.61% | -32.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.68% | 84.43% | -34.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 84.43% | -35.54% |
Dividends
MELI vs. BLND - Dividend Comparison
Neither MELI nor BLND has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLND Blend Labs, Inc. | 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% |
Financials
MELI vs. BLND - Financials Comparison
This section allows you to compare key financial metrics between MercadoLibre, Inc. and Blend Labs, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MELI vs. BLND - Profitability Comparison
MELI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a gross profit of 3.86B and revenue of 7.72B. Therefore, the gross margin over that period was 50.1%.
BLND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a gross profit of 23.37M and revenue of 30.84M. Therefore, the gross margin over that period was 75.8%.
MELI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported an operating income of 611.00M and revenue of 7.72B, resulting in an operating margin of 7.9%.
BLND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported an operating income of -5.06M and revenue of 30.84M, resulting in an operating margin of -16.4%.
MELI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a net income of 417.00M and revenue of 7.72B, resulting in a net margin of 5.4%.
BLND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a net income of -12.78M and revenue of 30.84M, resulting in a net margin of -41.4%.
Frequently Asked Questions
MELI and BLND have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLND has higher volatility (28.87%) compared to MELI (17.04%). In terms of maximum drawdown, MELI dropped -89.49% vs BLND's -97.37%.
BLND currently has the higher Sharpe Ratio (-0.76 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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