MELI vs. QQQ
MELI (MercadoLibre, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MELI returned 28.68%/yr vs 20.44%/yr for QQQ. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
MELI vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -6.77% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, MELI has outperformed QQQ with an annualized return of 28.68%, while QQQ has yielded a comparatively lower 20.44% annualized return.
MELI
- 1D
- -0.41%
- 1M
- 6.50%
- 6M
- -12.56%
- YTD
- -6.77%
- 1Y
- -20.96%
- 3Y*
- 15.77%
- 5Y*
- 3.66%
- 10Y*
- 28.68%
- ALL TIME*
- 26.62%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $585.82M | $641.09M | $903.00M | |
| $30.32B | $28.40B | $31.45B |
MELI vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MELI and QQQ is 0.33, which is low. Their historical price movements had little consistent relationship.
| 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 | 0.56 |
Over the past year, the correlation between MELI and QQQ has dropped to 0.33 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
MELI vs. QQQ — Risk / Return Rank
MELI
QQQ
MELI vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Invesco QQQ ETF (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.
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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.88 | -2.42 |
| Martin ratioReturn relative to average drawdown | -0.90 | 6.00 | -6.90 |
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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 -82.97%. Use the drawdown chart below to compare losses from any high point for MELI and QQQ.
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Drawdown Indicators
| MELI | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -82.97% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -11.96% | -26.44% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -22.77% | -18.05% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -35.12% | -33.52% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -35.12% | -34.00% |
Current DrawdownCurrent decline from peak | -28.15% | -7.69% | -20.46% |
Average DrawdownAverage peak-to-trough decline | -23.65% | -32.62% | +8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.25% | 3.74% | +19.51% |
Volatility
MELI vs. QQQ - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 5.73%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 6.87% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 28.58% | 16.08% | +12.50% |
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% | 22.90% | +26.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.88% | 22.50% | +26.38% |
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 0.44%.
| 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% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
MELI and QQQ 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.
QQQ has higher volatility (6.87%) compared to MELI (5.73%). In terms of maximum drawdown, MELI dropped -89.49% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.16 vs -0.53), 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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