MELI vs. IUSB
MELI (MercadoLibre, Inc.) is a stock, while IUSB (iShares Core Universal USD Bond ETF) is Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Over the past 10 years, MELI returned 28.09%/yr vs 1.97%/yr for IUSB. At a 0.08 correlation, their price movements are largely independent.
Performance
MELI vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -21.08% return, which is significantly lower than IUSB's 0.67% return. Over the past 10 years, MELI has outperformed IUSB with an annualized return of 28.09%, while IUSB has yielded a comparatively lower 1.97% annualized 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%
IUSB
- 1D
- -0.07%
- 1M
- 0.46%
- YTD
- 0.67%
- 6M
- 1.05%
- 1Y
- 4.82%
- 3Y*
- 4.70%
- 5Y*
- 0.39%
- 10Y*
- 1.97%
MELI vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between MELI and IUSB 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 | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.08 |
The correlation between MELI and IUSB shifts across timeframes, from 0.08 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MELI vs. IUSB — Risk / Return Rank
MELI
IUSB
MELI vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.92 | -2.73 |
| Martin ratioReturn relative to average drawdown | -1.42 | 5.62 | -7.03 |
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Drawdowns
MELI vs. IUSB - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for MELI and IUSB.
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Drawdown Indicators
| MELI | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -17.90% | -71.59% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -2.53% | -38.29% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -5.82% | -35.00% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -17.87% | -50.77% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -17.90% | -51.22% |
Current DrawdownCurrent decline from peak | -39.18% | -1.09% | -38.09% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -3.58% | -20.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 0.86% | +22.38% |
Volatility
MELI vs. IUSB - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 9.96% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.30%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 1.30% | +8.66% |
Volatility (6M)Calculated over the trailing 6-month period | 29.79% | 2.69% | +27.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.48% | 3.59% | +35.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.65% | 5.80% | +43.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 5.04% | +43.84% |
Dividends
MELI vs. IUSB - Dividend Comparison
MELI has not paid dividends to shareholders, while IUSB's dividend yield for the trailing twelve months is around 4.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
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 IUSB 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 (9.96%) compared to IUSB (1.30%). In terms of maximum drawdown, MELI dropped -89.49% vs IUSB's -17.90%.
IUSB currently has the higher Sharpe Ratio (1.35 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.
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