MELI vs. PSQ
MELI (MercadoLibre, Inc.) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, MELI returned 28.68%/yr vs -18.20%/yr for PSQ. Their -0.55 correlation means they have often moved in opposite directions in the past.
Performance
MELI vs. PSQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MELI achieves a -6.77% return, which is significantly higher than PSQ's -9.94% return. Over the past 10 years, MELI has outperformed PSQ with an annualized return of 28.68%, while PSQ has yielded a comparatively lower -18.20% annualized return.
MELI
- 1D
- -0.41%
- 1M
- 7.79%
- 6M
- -12.56%
- YTD
- -6.77%
- 1Y
- -20.89%
- 3Y*
- 15.77%
- 5Y*
- 3.66%
- 10Y*
- 28.68%
- ALL TIME*
- 26.62%
PSQ
- 1D
- -0.59%
- 1M
- 5.59%
- 6M
- -9.19%
- YTD
- -9.94%
- 1Y
- -15.69%
- 3Y*
- -15.05%
- 5Y*
- -11.74%
- 10Y*
- -18.20%
- ALL TIME*
- -16.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $585.82M | $641.09M | $903.00M | |
| $270.27M | $217.80M | $219.49M |
MELI vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -6.77% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
PSQ ProShares Short QQQ | -9.94% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Correlation
The correlation between MELI and PSQ is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | -0.55 |
Over the past year, the inverse relationship between MELI and PSQ has weakened: their correlation has moved from -0.55 to -0.33, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MELI vs. PSQ — Risk / Return Rank
MELI
PSQ
MELI vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and ProShares Short QQQ (PSQ). 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 | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.88 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.63 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.23 | +0.33 |
Loading charts...
Drawdowns
MELI vs. PSQ - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for MELI and PSQ.
Loading charts...
Drawdown Indicators
| MELI | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -98.26% | +8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -24.83% | -13.57% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -49.65% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -60.91% | -7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -87.66% | +18.54% |
Current DrawdownCurrent decline from peak | -28.15% | -98.12% | +69.97% |
Average DrawdownAverage peak-to-trough decline | -23.65% | -74.15% | +50.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.25% | 12.73% | +10.52% |
Volatility
MELI vs. PSQ - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 5.73%, while ProShares Short QQQ (PSQ) has a volatility of 6.96%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MELI | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 6.96% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.58% | 16.03% | +12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.80% | 19.38% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.68% | 22.93% | +26.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 22.46% | +26.42% |
Dividends
MELI vs. PSQ - Dividend Comparison
MELI has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 4.26%.
| 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% |
PSQ ProShares Short QQQ | 4.26% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% | 0.00% | 0.00% |
Frequently Asked Questions
MELI and PSQ have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSQ has higher volatility (6.96%) compared to MELI (5.73%). In terms of maximum drawdown, MELI dropped -89.49% vs PSQ's -98.26%.
MELI currently has the higher Sharpe Ratio (-0.53 vs -0.81), 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.
Find the right allocation for MELI and PSQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer