MELI vs. SOL-USD
MELI (MercadoLibre, Inc.) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, MELI returned 3.40%/yr vs 23.94%/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 -9.03% return, which is significantly higher than SOL-USD's -37.28% 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%
SOL-USD
- 1D
- 2.27%
- 1M
- 6.73%
- 6M
- -41.47%
- YTD
- -37.28%
- 1Y
- -57.00%
- 3Y*
- 45.16%
- 5Y*
- 23.94%
- 10Y*
- —
- ALL TIME*
- 106.21%
MELI vs. SOL-USD - 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% | 214.14% |
SOL-USD Solana | -37.28% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
Correlation
The correlation between MELI and SOL-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 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.
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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.89 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.76 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.11 | +0.04 |
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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 | -38.40% | -74.89% | +36.49% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -76.28% | +35.46% |
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 | -29.89% | -70.20% | +40.31% |
Average DrawdownAverage peak-to-trough decline | -23.63% | -51.74% | +28.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.69% | 39.56% | -16.87% |
Volatility
MELI vs. SOL-USD - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 8.75%, while Solana (SOL-USD) has a volatility of 13.99%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than SOL-USD based on this measure. 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 | 8.75% | 13.99% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 29.45% | 47.47% | -18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.82% | 59.38% | -19.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 81.14% | -31.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 99.16% | -50.27% |
Frequently Asked Questions
MELI and SOL-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (13.99%) compared to MELI (8.75%). In terms of maximum drawdown, MELI dropped -89.49% vs SOL-USD's -96.27%.
MELI currently has the higher Sharpe Ratio (-0.61 vs -0.80), 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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