MELI vs. QQQ
Compare and contrast key facts about MercadoLibre, Inc. (MELI) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MELI or QQQ.
Performance
MELI vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with MELI having a 22.89% return and QQQ slightly higher at 23.40%. Over the past 10 years, MELI has outperformed QQQ with an annualized return of 30.35%, while QQQ has yielded a comparatively lower 18.08% annualized return.
MELI
22.89%
-8.06%
11.20%
29.14%
27.94%
30.35%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| MELI | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.83 | 1.71 |
| Sortino Ratio | 1.27 | 2.29 |
| Omega Ratio | 1.19 | 1.31 |
| Calmar Ratio | 0.96 | 2.19 |
| Martin Ratio | 3.12 | 7.95 |
| Ulcer Index | 9.71% | 3.73% |
| Daily Std Dev | 36.56% | 17.38% |
| Max Drawdown | -89.49% | -82.98% |
| Current Drawdown | -9.76% | -2.13% |
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Correlation
The correlation between MELI and QQQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
MELI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Invesco QQQ (QQQ). 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.
Dividends
MELI vs. QQQ - Dividend Comparison
MELI has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.38% | 0.36% | 0.52% | 0.53% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MELI vs. QQQ - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MELI and QQQ. For additional features, visit the drawdowns tool.
Volatility
MELI vs. QQQ - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 20.24% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.