MELI vs. SOL-USD
MELI (MercadoLibre, Inc.) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, MELI returned 4.13%/yr vs 9.25%/yr for SOL-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
MELI vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MELI achieves a -19.97% return, which is significantly higher than SOL-USD's -47.43% return.
MELI
- 1D
- 0.26%
- 1M
- -1.26%
- YTD
- -19.97%
- 6M
- -22.81%
- 1Y
- -35.06%
- 3Y*
- 10.08%
- 5Y*
- 4.13%
- 10Y*
- 28.28%
SOL-USD
- 1D
- -1.56%
- 1M
- -29.74%
- YTD
- -47.43%
- 6M
- -50.92%
- 1Y
- -57.11%
- 3Y*
- 55.50%
- 5Y*
- 9.25%
- 10Y*
- —
MELI vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -19.97% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 214.14% |
SOL-USD Solana | -47.43% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 58.87% |
Correlation
The correlation between MELI and SOL-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.17 |
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Return for Risk
MELI vs. SOL-USD — Risk / Return Rank
MELI
SOL-USD
MELI vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and Solana (SOL-USD). 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.
| MELI | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.89 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.76 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.25 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MELI | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.79 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.09 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.82 | -0.38 |
Drawdowns
MELI vs. SOL-USD - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for MELI and SOL-USD.
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Drawdown Indicators
| MELI | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -96.27% | +6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -40.82% | -74.89% | +34.07% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -76.27% | +35.45% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -96.27% | +27.63% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | — | — |
Current DrawdownCurrent decline from peak | -38.32% | -75.03% | +36.71% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -51.39% | +27.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.74% | 52.53% | -29.79% |
Volatility
MELI vs. SOL-USD - Volatility Comparison
MercadoLibre, Inc. (MELI) and Solana (SOL-USD) have volatilities of 17.04% and 16.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.04% | 16.77% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 30.13% | 46.54% | -16.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.42% | 60.20% | -20.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.68% | 82.48% | -32.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 99.82% | -50.93% |
Frequently Asked Questions
MELI and SOL-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (17.04%) compared to SOL-USD (16.77%). In terms of maximum drawdown, MELI dropped -89.49% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.79 vs -0.89), 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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