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 28.28%/yr vs 34.90%/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 -19.97% return, which is significantly lower than SOXX's 89.87% return. Over the past 10 years, MELI has underperformed SOXX with an annualized return of 28.28%, while SOXX has yielded a comparatively higher 34.90% annualized 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%
SOXX
- 1D
- 5.87%
- 1M
- 9.83%
- YTD
- 89.87%
- 6M
- 83.09%
- 1Y
- 164.61%
- 3Y*
- 53.13%
- 5Y*
- 33.00%
- 10Y*
- 34.90%
MELI vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MELI MercadoLibre, Inc. | -19.97% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
SOXX iShares Semiconductor ETF | 89.87% | 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 0.20, 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2007 | 0.49 |
Over the past year, the correlation between MELI and SOXX has dropped to 0.20 - 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.
| MELI | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.46 | ||
| Sortino ratioReturn per unit of downside risk | -5.56 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.64 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 10.51 | -11.37 |
| Martin ratioReturn relative to average drawdown | -1.54 | 39.26 | -40.81 |
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 | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 4.57 | -5.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.91 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 1.04 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.44 | +0.01 |
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 | -40.82% | -15.77% | -25.05% |
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 | -38.32% | -7.18% | -31.14% |
Average DrawdownAverage peak-to-trough decline | -23.58% | -19.97% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.74% | 4.21% | +18.53% |
Volatility
MELI vs. SOXX - Volatility Comparison
The current volatility for MercadoLibre, Inc. (MELI) is 17.04%, while iShares Semiconductor ETF (SOXX) has a volatility of 18.43%. 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 | 17.04% | 18.43% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 30.13% | 30.17% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.42% | 36.35% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.68% | 36.50% | +13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.89% | 33.66% | +15.23% |
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 0.29%.
| 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 | 0.29% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (18.43%) compared to MELI (17.04%). In terms of maximum drawdown, MELI dropped -89.49% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (4.57 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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