MELI vs. CLS
MELI (MercadoLibre, Inc.) and CLS (Celestica Inc.) are both stocks. MELI operates in Internet Retail (Consumer Cyclical), while CLS operates in Electronic Components (Technology). Over the past 10 years, MELI returned 28.09%/yr vs 43.71%/yr for CLS. At a 0.33 correlation, their price movements are largely independent.
Performance
MELI vs. CLS - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -21.08% return, which is significantly lower than CLS's 32.99% return. Over the past 10 years, MELI has underperformed CLS with an annualized return of 28.09%, while CLS has yielded a comparatively higher 43.71% 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%
CLS
- 1D
- 1.88%
- 1M
- 5.52%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 200.71%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
MELI vs. CLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
Correlation
The correlation between MELI and CLS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.33 |
The correlation between MELI and CLS shifts across timeframes, from 0.20 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MELI:
$80.59B
CLS:
$45.48B
MELI:
$37.87
CLS:
$8.28
MELI:
41.97
CLS:
47.45
MELI:
0.25
CLS:
0.64
MELI:
2.63
CLS:
3.30
MELI:
11.07
CLS:
21.68
MELI:
$30.67B
CLS:
$13.81B
MELI:
$13.95B
CLS:
$1.60B
MELI:
$3.11B
CLS:
$1.32B
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Return for Risk
MELI vs. CLS — Risk / Return Rank
MELI
CLS
MELI vs. CLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Celestica Inc. (CLS). 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.
| MELI | CLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 6.91 | -7.72 |
| Martin ratioReturn relative to average drawdown | -1.42 | 16.83 | -18.25 |
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Drawdowns
MELI vs. CLS - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, smaller than the maximum CLS drawdown of -96.93%. Use the drawdown chart below to compare losses from any high point for MELI and CLS.
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Drawdown Indicators
| MELI | CLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -96.93% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -29.24% | -11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -53.96% | +13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -53.96% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -80.60% | +11.48% |
Current DrawdownCurrent decline from peak | -39.18% | -16.78% | -22.40% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -73.31% | +49.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 11.98% | +11.26% |
Volatility
MELI vs. CLS - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 9.96%, while Celestica Inc. (CLS) has a volatility of 27.54%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than CLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | CLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 27.54% | -17.58% |
Volatility (6M)Calculated over the trailing 6-month period | 29.79% | 55.42% | -25.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.48% | 72.65% | -33.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.65% | 57.70% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 49.97% | -1.09% |
Dividends
MELI vs. CLS - Dividend Comparison
Neither MELI nor CLS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLS Celestica 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. CLS - Financials Comparison
This section allows you to compare key financial metrics between MercadoLibre, Inc. and Celestica 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. CLS - 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%.
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
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%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
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%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
Frequently Asked Questions
MELI and CLS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to MELI (9.96%). In terms of maximum drawdown, MELI dropped -89.49% vs CLS's -96.93%.
CLS currently has the higher Sharpe Ratio (2.78 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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