MELI vs. COIN
MELI (MercadoLibre, Inc.) and COIN (Coinbase Global, Inc.) are both stocks. MELI operates in Internet Retail (Consumer Cyclical), while COIN operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, MELI returned 4.13%/yr vs -6.29%/yr for COIN. At a 0.42 correlation, their price movements are largely independent.
Performance
MELI vs. COIN - 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 COIN's -28.31% 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%
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
MELI vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -19.97% | 18.46% | 8.20% | 85.71% | -37.24% | -12.81% |
COIN Coinbase Global, Inc. | -28.31% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between MELI and COIN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.42 |
The correlation between MELI and COIN shifts across timeframes, from 0.24 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MELI:
$81.72B
COIN:
$42.92B
MELI:
$37.87
COIN:
$2.90
MELI:
42.56
COIN:
55.88
MELI:
0.25
COIN:
0.04
MELI:
2.66
COIN:
7.70
MELI:
11.22
COIN:
3.18
MELI:
$30.67B
COIN:
$5.81B
MELI:
$13.95B
COIN:
$4.65B
MELI:
$3.11B
COIN:
$1.68B
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Return for Risk
MELI vs. COIN — Risk / Return Rank
MELI
COIN
MELI vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.95 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.54 | -0.33 |
| Martin ratioReturn relative to average drawdown | -1.54 | -0.88 | -0.66 |
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 | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.51 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.07 | +0.16 |
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 | -0.15 | +0.59 |
Drawdowns
MELI vs. COIN - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, roughly equal to the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for MELI and COIN.
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Drawdown Indicators
| MELI | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -90.90% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -66.39% | +25.57% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -66.39% | +25.57% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -90.90% | +22.26% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | — | — |
Current DrawdownCurrent decline from peak | -38.32% | -61.38% | +23.06% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -49.86% | +26.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.74% | 40.25% | -17.51% |
Volatility
MELI vs. COIN - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 17.04%, while Coinbase Global, Inc. (COIN) has a volatility of 21.42%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.04% | 21.42% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 30.13% | 51.58% | -21.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.42% | 70.60% | -31.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.68% | 85.93% | -36.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 85.40% | -36.51% |
Dividends
MELI vs. COIN - Dividend Comparison
Neither MELI nor COIN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COIN Coinbase Global, 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. COIN - Financials Comparison
This section allows you to compare key financial metrics between MercadoLibre, Inc. and Coinbase Global, 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. COIN - 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%.
COIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a gross profit of 1.22B and revenue of 1.41B. Therefore, the gross margin over that period was 86.1%.
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%.
COIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported an operating income of 35.15M and revenue of 1.41B, resulting in an operating margin of 2.5%.
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%.
COIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a net income of -394.12M and revenue of 1.41B, resulting in a net margin of -27.9%.
Frequently Asked Questions
MELI and COIN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (21.42%) compared to MELI (17.04%). In terms of maximum drawdown, MELI dropped -89.49% vs COIN's -90.90%.
COIN currently has the higher Sharpe Ratio (-0.51 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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