MELI vs. SOXX
MELI (MercadoLibre, Inc.) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, MELI returned 28.13%/yr vs 32.94%/yr for SOXX. At a 0.49 correlation, their price movements are largely independent.
Performance
MELI vs. SOXX - 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 SOXX's 74.24% return. Over the past 10 years, MELI has underperformed SOXX with an annualized return of 28.13%, while SOXX has yielded a comparatively higher 32.94% annualized 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%
SOXX
- 1D
- 0.45%
- 1M
- -18.03%
- 6M
- 53.21%
- YTD
- 74.24%
- 1Y
- 113.43%
- 3Y*
- 46.45%
- 5Y*
- 29.72%
- 10Y*
- 32.94%
- ALL TIME*
- 14.02%
MELI vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
SOXX iShares Semiconductor ETF | 74.24% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between MELI and SOXX 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 | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.49 |
Over the past year, the correlation between MELI and SOXX has dropped to 0.16 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
MELI vs. SOXX — Risk / Return Rank
MELI
SOXX
MELI vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MercadoLibre, Inc. (MELI) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 5.61 | -6.24 |
| Martin ratioReturn relative to average drawdown | -1.06 | 20.26 | -21.32 |
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Drawdowns
MELI vs. SOXX - Drawdown Comparison
The maximum MELI drawdown since its inception was -89.49%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for MELI and SOXX.
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Drawdown Indicators
| MELI | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -70.21% | -19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -38.40% | -20.34% | -18.06% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -41.36% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -45.75% | -22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -69.12% | -45.75% | -23.37% |
Current DrawdownCurrent decline from peak | -29.89% | -19.98% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -23.63% | -19.92% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.69% | 5.62% | +17.07% |
Volatility
MELI vs. SOXX - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 8.75%, while iShares Semiconductor ETF (SOXX) has a volatility of 19.83%. This indicates that MELI experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MELI | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 19.83% | -11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.45% | 36.88% | -7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.82% | 42.54% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 37.83% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 34.31% | +14.58% |
Dividends
MELI vs. SOXX - Dividend Comparison
MELI has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.28%.
| 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% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
MELI and SOXX 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.
SOXX has higher volatility (19.83%) compared to MELI (8.75%). In terms of maximum drawdown, MELI dropped -89.49% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (2.69 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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