MELI vs. CPNG

Last updated Apr 2, 2026

Compare and contrast key facts about MercadoLibre, Inc. (MELI) and Coupang, Inc. (CPNG).

Performance

MELI vs. CPNG - Performance Comparison

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

MELI vs. CPNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MELI MercadoLibre, Inc.	-14.66%	18.46%	8.20%	85.71%	-37.24%	-14.16%
CPNG Coupang, Inc.	-19.80%	7.32%	35.76%	10.06%	-49.93%	-40.35%

Fundamentals

Market Cap MELI : $87.15B CPNG : $35.10B
EPS MELI : $39.39 CPNG : $0.11
PE Ratio MELI : 43.64 CPNG : 169.01
PS Ratio MELI : 3.02 CPNG : 4.28
PB Ratio MELI : 12.91 CPNG : 7.59
Total Revenue (TTM) MELI : $28.89B CPNG : $8.22B
Gross Profit (TTM) MELI : $12.86B CPNG : -$16.17B
EBITDA (TTM) MELI : $4.02B CPNG : $1.20B

Returns By Period

In the year-to-date period, MELI achieves a -14.66% return, which is significantly higher than CPNG's -19.80% return.

MELI

• 1D: -0.58%
• 1M: -3.27%
• YTD: -14.66%
• 6M: -21.04%
• 1Y: -10.24%
• 3Y*: 9.26%
• 5Y*: 2.62%
• 10Y*: 30.50%

CPNG

• 1D: 0.21%
• 1M: -4.59%
• YTD: -19.80%
• 6M: -41.66%
• 1Y: -14.70%
• 3Y*: 5.75%
• 5Y*: -16.75%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MELI vs. CPNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MELI

MELI Risk / Return Rank: 28
MELI Sharpe Ratio Rank: 29
MELI Sortino Ratio Rank: 26
MELI Omega Ratio Rank: 26
MELI Calmar Ratio Rank: 31
MELI Martin Ratio Rank: 30

CPNG

CPNG Risk / Return Rank: 26
CPNG Sharpe Ratio Rank: 24
CPNG Sortino Ratio Rank: 23
CPNG Omega Ratio Rank: 23
CPNG Calmar Ratio Rank: 32
CPNG Martin Ratio Rank: 31

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. CPNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Coupang, Inc. (CPNG). 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	CPNG	Difference
Sharpe ratio Return per unit of total volatility	-0.26	-0.37	+0.11
Sortino ratio Return per unit of downside risk	-0.11	-0.29	+0.18
Omega ratio Gain probability vs. loss probability	0.99	0.96	+0.02
Calmar ratio Return relative to maximum drawdown	-0.31	-0.27	-0.03
Martin ratio Return relative to average drawdown	-0.68	-0.60	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MELI vs. CPNG - Sharpe Ratio Comparison

The current MELI Sharpe Ratio is -0.26, which is comparable to the CPNG Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of MELI and CPNG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MELI	CPNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-0.37	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	-0.32	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-0.33	+0.79

Correlation

The correlation between MELI and CPNG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MELI vs. CPNG - Dividend Comparison

Neither MELI nor CPNG has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CPNG Coupang, 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%

Drawdowns

MELI vs. CPNG - Drawdown Comparison

The maximum MELI drawdown since its inception was -89.49%, which is greater than CPNG's maximum drawdown of -81.47%. Use the drawdown chart below to compare losses from any high point for MELI and CPNG.

Drawdown Indicators

	MELI	CPNG	Difference
Max Drawdown Largest peak-to-trough decline	-89.49%	-81.47%	-8.02%
Max Drawdown (1Y) Largest decline over 1 year	-38.80%	-49.93%	+11.13%
Max Drawdown (5Y) Largest decline over 5 years	-68.64%	-80.24%	+11.60%
Max Drawdown (10Y) Largest decline over 10 years	-69.12%	—	—
Current Drawdown Current decline from peak	-34.23%	-62.50%	+28.27%
Average Drawdown Average peak-to-trough decline	-23.48%	-54.61%	+31.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.58%	22.95%	-5.37%

Volatility

MELI vs. CPNG - Volatility Comparison

The current volatility for MercadoLibre, Inc. (MELI) is 11.74%, while Coupang, Inc. (CPNG) has a volatility of 14.70%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than CPNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MELI	CPNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.74%	14.70%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	31.17%	30.63%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	38.97%	39.91%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.47%	52.30%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.61%	52.47%	-3.86%

Financials