MELI vs. PME.AX
MELI (MercadoLibre, Inc.) and PME.AX (Pro Medicus Limited) are both stocks. MELI operates in Internet Retail (Consumer Cyclical), while PME.AX operates in Health Information Services (Healthcare). Over the past 10 years, MELI returned 28.09%/yr vs 42.98%/yr for PME.AX. At a 0.14 correlation, their price movements are largely independent.
Performance
MELI vs. PME.AX - Performance Comparison
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Different Trading Currencies
MELI is traded in USD, while PME.AX is traded in AUD. To make them comparable, the PME.AX values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with MELI having a -21.08% return and PME.AX slightly lower at -21.40%. Over the past 10 years, MELI has underperformed PME.AX with an annualized return of 28.09%, while PME.AX has yielded a comparatively higher 42.98% 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%
PME.AX
- 1D
- 0.67%
- 1M
- 26.82%
- YTD
- -21.40%
- 6M
- -25.67%
- 1Y
- -36.40%
- 3Y*
- 38.20%
- 5Y*
- 24.86%
- 10Y*
- 42.98%
MELI vs. PME.AX - 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% |
PME.AX Pro Medicus Limited | -21.40% | -4.61% | 137.97% | 74.08% | -16.69% | 73.09% | 68.64% | 105.30% | 13.34% | 98.48% |
Correlation
The correlation between MELI and PME.AX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 Aug 10, 2007 | 0.14 |
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Return for Risk
MELI vs. PME.AX — Risk / Return Rank
MELI
PME.AX
MELI vs. PME.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Pro Medicus Limited (PME.AX). 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 | PME.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.89 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.55 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | -0.96 | -0.46 |
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Drawdowns
MELI vs. PME.AX - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, roughly equal to the maximum PME.AX drawdown of -85.69%. Use the drawdown chart below to compare losses from any high point for MELI and PME.AX.
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Drawdown Indicators
| MELI | PME.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -85.69% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -64.55% | +23.73% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -64.55% | +23.73% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -64.55% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -66.87% | -2.25% |
Current DrawdownCurrent decline from peak | -39.18% | -46.19% | +7.01% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -29.03% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 37.56% | -14.32% |
Volatility
MELI vs. PME.AX - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 9.96%, while Pro Medicus Limited (PME.AX) has a volatility of 15.11%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than PME.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | PME.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 15.11% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.79% | 49.90% | -20.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.48% | 52.01% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.65% | 43.71% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 45.02% | +3.86% |
Dividends
MELI vs. PME.AX - Dividend Comparison
MELI has not paid dividends to shareholders, while PME.AX's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PME.AX Pro Medicus Limited | 0.38% | 0.25% | 0.16% | 0.31% | 0.40% | 0.24% | 0.35% | 0.31% | 0.55% | 0.46% | 0.62% | 0.60% |
Financials
MELI vs. PME.AX - Financials Comparison
This section allows you to compare key financial metrics between MercadoLibre, Inc. and Pro Medicus Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MELI and PME.AX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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