MELI vs. IBIT
MELI (MercadoLibre, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, MELI returned -32.89% vs -40.63% for IBIT. At a 0.18 correlation, their price movements are largely independent.
Performance
MELI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -21.08% return, which is significantly higher than IBIT's -27.41% 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%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MELI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 6.40% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between MELI and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.18 |
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Return for Risk
MELI vs. IBIT — Risk / Return Rank
MELI
IBIT
MELI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.85 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.78 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.37 | -0.05 |
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Drawdowns
MELI vs. IBIT - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MELI and IBIT.
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Drawdown Indicators
| MELI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -52.11% | -37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -52.11% | +11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | — | — |
Current DrawdownCurrent decline from peak | -39.18% | -49.45% | +10.27% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -16.53% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 29.64% | -6.40% |
Volatility
MELI vs. IBIT - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 9.96%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 12.07% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 29.79% | 34.45% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.48% | 44.10% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.65% | 50.26% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 50.26% | -1.38% |
Dividends
MELI vs. IBIT - Dividend Comparison
Neither MELI nor IBIT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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% |
Frequently Asked Questions
MELI and IBIT 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.
IBIT has higher volatility (12.07%) compared to MELI (9.96%). In terms of maximum drawdown, MELI dropped -89.49% vs IBIT's -52.11%.
MELI currently has the higher Sharpe Ratio (-0.84 vs -0.92), 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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