MELI vs. SGOV
MELI (MercadoLibre, Inc.) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, MELI returned 3.40%/yr vs 3.63%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions.
Performance
MELI vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -9.03% return, which is significantly lower than SGOV's 1.99% return.
MELI
- 1D
- 1.02%
- 1M
- 12.06%
- 6M
- -11.69%
- YTD
- -9.03%
- 1Y
- -24.08%
- 3Y*
- 14.49%
- 5Y*
- 3.40%
- 10Y*
- 28.13%
- ALL TIME*
- 26.51%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- 6M
- 1.80%
- YTD
- 1.99%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 2.96%
MELI vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 104.09% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.99% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between MELI and SGOV is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.03 |
The correlation between MELI and SGOV shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MELI vs. SGOV — Risk / Return Rank
MELI
SGOV
MELI vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.44 | ||
| Sortino ratioReturn per unit of downside risk | -383.45 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 383.06 | -382.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 390.94 | -391.57 |
| Martin ratioReturn relative to average drawdown | -1.06 | 6,193.70 | -6,194.76 |
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Drawdowns
MELI vs. SGOV - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MELI and SGOV.
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Drawdown Indicators
| MELI | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -0.03% | -89.46% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -0.01% | -38.39% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -0.01% | -40.81% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -0.03% | -68.61% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | — | — |
Current DrawdownCurrent decline from peak | -29.89% | 0.00% | -29.89% |
Average DrawdownAverage peak-to-trough decline | -23.63% | -0.00% | -23.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.69% | 0.00% | +22.69% |
Volatility
MELI vs. SGOV - Volatility Comparison
MercadoLibre, Inc. (MELI) has a higher volatility of 8.75% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that MELI's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 0.05% | +8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 29.45% | 0.13% | +29.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.82% | 0.19% | +39.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 0.24% | +49.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 0.24% | +48.65% |
Dividends
MELI vs. SGOV - Dividend Comparison
MELI has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.
| 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MELI and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (8.75%) compared to SGOV (0.05%). In terms of maximum drawdown, MELI dropped -89.49% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.61), 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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