MELI vs. CRDO

Last updated Jun 13, 2026

MELI (MercadoLibre, Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. MELI operates in Internet Retail (Consumer Cyclical), while CRDO operates in Semiconductors (Technology). Over the past 3 years, MELI returned 9.54%/yr vs 142.90%/yr for CRDO. At a 0.34 correlation, their price movements are largely independent.

Performance

MELI vs. CRDO - Performance Comparison

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

Returns By Period

In the year-to-date period, MELI achieves a -21.08% return, which is significantly lower than CRDO's 74.31% 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%

CRDO

• 1D: -5.27%
• 1M: 32.45%
• YTD: 74.31%
• 6M: 74.28%
• 1Y: 237.38%
• 3Y*: 142.90%
• 5Y*: —
• 10Y*: —

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

MELI vs. CRDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MELI MercadoLibre, Inc.	-21.08%	18.46%	8.20%	85.71%	-13.26%
CRDO Credo Technology Group Holding Ltd	74.31%	114.09%	245.20%	46.28%	10.00%

Correlation

The correlation between MELI and CRDO 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	0.28
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.34

Fundamentals

Market Cap MELI : $80.59B CRDO : $48.33B
EPS MELI : $37.87 CRDO : $2.50
PE Ratio MELI : 41.97 CRDO : 100.50
PEG Ratio MELI : 0.25 CRDO : 0.09
PS Ratio MELI : 2.63 CRDO : 35.55
PB Ratio MELI : 11.07 CRDO : 23.42
Total Revenue (TTM) MELI : $30.67B CRDO : $1.34B
Gross Profit (TTM) MELI : $13.95B CRDO : $908.35M
EBITDA (TTM) MELI : $3.11B CRDO : $463.79M

Return for Risk

MELI vs. CRDO — Risk / Return Rank

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

MELI

MELI Risk / Return Rank: 11
MELI Sharpe Ratio Rank: 9
MELI Sortino Ratio Rank: 12
MELI Omega Ratio Rank: 11
MELI Calmar Ratio Rank: 12
MELI Martin Ratio Rank: 9

CRDO

CRDO Risk / Return Rank: 90
CRDO Sharpe Ratio Rank: 95
CRDO Sortino Ratio Rank: 89
CRDO Omega Ratio Rank: 86
CRDO Calmar Ratio Rank: 91
CRDO Martin Ratio Rank: 89

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. CRDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Credo Technology Group Holding Ltd (CRDO). 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	CRDO	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	2.79	-3.63
Sortino ratio: Return per unit of downside risk	-1.03	2.95	-3.98
Omega ratio: Gain probability vs. loss probability	0.86	1.35	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.81	4.46	-5.27
Martin ratio: Return relative to average drawdown	-1.42	10.76	-12.18

MELI vs. CRDO - Sharpe Ratio Comparison

The current MELI Sharpe Ratio is -0.84, which is lower than the CRDO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of MELI and CRDO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MELI vs. CRDO - Drawdown Comparison

The maximum MELI drawdown since its inception was -89.49%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for MELI and CRDO.

Drawdown Indicators

	MELI	CRDO	Difference
Max Drawdown Largest peak-to-trough decline	-89.49%	-62.04%	-27.45%
Max Drawdown (1Y) Largest decline over 1 year	-40.82%	-53.59%	+12.77%
Max Drawdown (3Y) Largest decline over 3 years	-40.82%	-61.05%	+20.23%
Max Drawdown (5Y) Largest decline over 5 years	-68.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.12%	—	—
Current Drawdown Current decline from peak	-39.18%	-5.27%	-33.91%
Average Drawdown Average peak-to-trough decline	-23.58%	-19.38%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	22.17%	+1.07%

Volatility

MELI vs. CRDO - Volatility Comparison

The current volatility for MercadoLibre, Inc. (MELI) is 9.96%, while Credo Technology Group Holding Ltd (CRDO) has a volatility of 28.41%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MELI	CRDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	28.41%	-18.45%
Volatility (6M) Calculated over the trailing 6-month period	29.79%	65.16%	-35.37%
Volatility (1Y) Calculated over the trailing 1-year period	39.48%	85.70%	-46.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.65%	81.50%	-31.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.88%	81.50%	-32.62%

Dividends

MELI vs. CRDO - Dividend Comparison

Neither MELI nor CRDO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRDO Credo Technology Group Holding Ltd	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. CRDO - Profitability Comparison

The chart below illustrates the profitability comparison between MercadoLibre, Inc. and Credo Technology Group Holding Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CRDO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a gross profit of 298.07M and revenue of 437.00M. Therefore, the gross margin over that period was 68.2%.

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%.

CRDO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported an operating income of 155.85M and revenue of 437.00M, resulting in an operating margin of 35.7%.

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%.

CRDO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a net income of 169.10M and revenue of 437.00M, resulting in a net margin of 38.7%.

Frequently Asked Questions

Can I hold both MELI and CRDO in my portfolio?

MELI and CRDO 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.

Which is riskier, MELI or CRDO?

CRDO has higher volatility (28.41%) compared to MELI (9.96%). In terms of maximum drawdown, MELI dropped -89.49% vs CRDO's -62.04%.

Which has better risk-adjusted returns?

CRDO currently has the higher Sharpe Ratio (2.79 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.