MELI vs. IXC
MELI (MercadoLibre, Inc.) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, MELI returned 28.70%/yr vs 9.18%/yr for IXC. At a 0.33 correlation, their price movements are largely independent.
Performance
MELI vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -8.49% return, which is significantly lower than IXC's 26.83% return. Over the past 10 years, MELI has outperformed IXC with an annualized return of 28.70%, while IXC has yielded a comparatively lower 9.18% annualized return.
MELI
- 1D
- -1.64%
- 1M
- 11.96%
- 6M
- -12.31%
- YTD
- -8.49%
- 1Y
- -22.88%
- 3Y*
- 17.52%
- 5Y*
- 4.03%
- 10Y*
- 28.70%
IXC
- 1D
- -0.53%
- 1M
- 1.61%
- 6M
- 19.64%
- YTD
- 26.83%
- 1Y
- 35.51%
- 3Y*
- 16.26%
- 5Y*
- 21.21%
- 10Y*
- 9.18%
MELI vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -8.49% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
IXC iShares Global Energy ETF | 26.83% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between MELI and IXC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.33 |
The correlation between MELI and IXC shifts across timeframes, from -0.11 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MELI vs. IXC — Risk / Return Rank
MELI
IXC
MELI vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.31 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.32 | -2.92 |
| Martin ratioReturn relative to average drawdown | -1.02 | 7.34 | -8.36 |
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Drawdowns
MELI vs. IXC - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for MELI and IXC.
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Drawdown Indicators
| MELI | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -67.88% | -21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -15.36% | -23.04% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -19.06% | -21.76% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -24.93% | -43.71% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -64.16% | -4.96% |
Current DrawdownCurrent decline from peak | -29.48% | -8.72% | -20.76% |
Average DrawdownAverage peak-to-trough decline | -23.63% | -17.45% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 4.85% | +17.65% |
Volatility
MELI vs. IXC - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 9.35% compared to iShares Global Energy ETF (IXC) at 7.10%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 7.10% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.58% | 15.96% | +13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 19.36% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.78% | 23.46% | +26.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 26.82% | +22.06% |
Dividends
MELI vs. IXC - Dividend Comparison
MELI has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.00% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
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 IXC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (9.35%) compared to IXC (7.10%). In terms of maximum drawdown, MELI dropped -89.49% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (1.85 vs -0.58), 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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