MELI vs. FBND
MELI (MercadoLibre, Inc.) is a stock, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, MELI returned 28.13%/yr vs 2.32%/yr for FBND. At a 0.11 correlation, their price movements are largely independent.
Performance
MELI vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -9.03% return, which is significantly lower than FBND's 0.27% return. Over the past 10 years, MELI has outperformed FBND with an annualized return of 28.13%, while FBND has yielded a comparatively lower 2.32% annualized return.
MELI
- 1D
- 1.02%
- 1M
- 12.06%
- 6M
- -11.69%
- YTD
- -9.03%
- 1Y
- -24.08%
- 3Y*
- 14.49%
- 5Y*
- 3.40%
- 10Y*
- 28.13%
- ALL TIME*
- 26.51%
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
MELI vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between MELI and FBND is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.11 |
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Return for Risk
MELI vs. FBND — Risk / Return Rank
MELI
FBND
MELI vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.19 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.55 | -2.18 |
| Martin ratioReturn relative to average drawdown | -1.06 | 4.22 | -5.28 |
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Drawdowns
MELI vs. FBND - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for MELI and FBND.
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Drawdown Indicators
| MELI | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -17.25% | -72.24% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -2.66% | -35.74% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -5.61% | -35.21% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -17.25% | -51.39% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -17.25% | -51.87% |
Current DrawdownCurrent decline from peak | -29.89% | -1.65% | -28.24% |
Average DrawdownAverage peak-to-trough decline | -23.63% | -3.33% | -20.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.69% | 0.98% | +21.71% |
Volatility
MELI vs. FBND - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 8.75% compared to Fidelity Total Bond ETF (FBND) at 1.07%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 1.07% | +7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 29.45% | 2.92% | +26.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.82% | 3.80% | +36.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 5.93% | +43.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 6.10% | +42.79% |
Dividends
MELI vs. FBND - Dividend Comparison
MELI has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
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% |
Frequently Asked Questions
MELI and FBND have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (8.75%) compared to FBND (1.07%). In terms of maximum drawdown, MELI dropped -89.49% vs FBND's -17.25%.
FBND currently has the higher Sharpe Ratio (1.09 vs -0.61), 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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