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 28.09%/yr vs -19.15%/yr for PSQ. At a correlation of -0.56, they often move in opposite directions.
Performance
MELI vs. PSQ - 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 PSQ's -14.02% return. Over the past 10 years, MELI has outperformed PSQ with an annualized return of 28.09%, while PSQ has yielded a comparatively lower -19.15% 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%
PSQ
- 1D
- -0.65%
- 1M
- -0.92%
- YTD
- -14.02%
- 6M
- -14.04%
- 1Y
- -23.41%
- 3Y*
- -17.58%
- 5Y*
- -13.78%
- 10Y*
- -19.15%
MELI vs. PSQ - 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% |
PSQ ProShares Short QQQ | -14.02% | -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 -0.39, 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 | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | -0.56 |
The correlation between MELI and PSQ shifts across timeframes, from -0.57 (5 years) to -0.39 (1 year), reflecting how their relationship changes across market environments.
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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 | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.78 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.87 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.81 | +0.39 |
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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.
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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 | -40.82% | -26.86% | -13.96% |
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% | -88.98% | +19.86% |
Current DrawdownCurrent decline from peak | -39.18% | -98.20% | +59.02% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -73.99% | +50.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 12.96% | +10.28% |
Volatility
MELI vs. PSQ - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 9.96% compared to ProShares Short QQQ (PSQ) at 7.39%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 7.39% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 29.79% | 13.75% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.48% | 17.23% | +22.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.65% | 22.59% | +27.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 22.34% | +26.54% |
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 5.09%.
| 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 | 5.09% | 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 -0.39, 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 PSQ (7.39%). In terms of maximum drawdown, MELI dropped -89.49% vs PSQ's -98.26%.
MELI currently has the higher Sharpe Ratio (-0.84 vs -1.36), 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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