MLB1.DE vs. FTEC

Last updated Jun 5, 2026

MLB1.DE (Mercadolibre Inc) is a stock, while FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 5 years, MLB1.DE returned 5.41%/yr vs 22.04%/yr for FTEC. At a 0.31 correlation, their price movements are largely independent.

Performance

MLB1.DE vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Mercadolibre Inc (MLB1.DE) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MLB1.DE is traded in EUR, while FTEC is traded in USD. To make them comparable, the FTEC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLB1.DE achieves a -16.73% return, which is significantly lower than FTEC's 25.08% return.

MLB1.DE

• 1D: 1.02%
• 1M: -8.71%
• YTD: -16.73%
• 6M: -21.91%
• 1Y: -36.57%
• 3Y*: 6.22%
• 5Y*: 5.41%
• 10Y*: —

FTEC

• 1D: -5.42%
• 1M: 7.36%
• YTD: 25.08%
• 6M: 21.75%
• 1Y: 48.74%
• 3Y*: 27.71%
• 5Y*: 22.04%
• 10Y*: 24.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MLB1.DE vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MLB1.DE Mercadolibre Inc	-16.73%	3.71%	15.31%	79.29%	-31.60%	-15.15%	158.60%	7.55%
FTEC Fidelity MSCI Information Technology Index ETF	25.08%	7.62%	37.94%	48.70%	-25.23%	40.25%	33.81%	8.45%

Correlation

The correlation between MLB1.DE and FTEC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019	0.31

The correlation between MLB1.DE and FTEC shifts across timeframes, from 0.18 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MLB1.DE vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLB1.DE

MLB1.DE Risk / Return Rank: 6
MLB1.DE Sharpe Ratio Rank: 5
MLB1.DE Sortino Ratio Rank: 8
MLB1.DE Omega Ratio Rank: 8
MLB1.DE Calmar Ratio Rank: 7
MLB1.DE Martin Ratio Rank: 3

FTEC

FTEC Risk / Return Rank: 64
FTEC Sharpe Ratio Rank: 73
FTEC Sortino Ratio Rank: 62
FTEC Omega Ratio Rank: 66
FTEC Calmar Ratio Rank: 63
FTEC Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLB1.DE vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mercadolibre Inc (MLB1.DE) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	MLB1.DE	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	2.28	-3.25
Sortino ratio: Return per unit of downside risk	-1.30	2.79	-4.09
Omega ratio: Gain probability vs. loss probability	0.83	1.38	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.88	3.19	-4.07
Martin ratio: Return relative to average drawdown	-1.63	8.87	-10.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLB1.DE vs. FTEC - Sharpe Ratio Comparison

The current MLB1.DE Sharpe Ratio is -0.97, which is lower than the FTEC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of MLB1.DE and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLB1.DE	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.97	2.28	-3.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.89	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.99	-0.63

Drawdowns

MLB1.DE vs. FTEC - Drawdown Comparison

The maximum MLB1.DE drawdown since its inception was -63.94%, which is greater than FTEC's maximum drawdown of -32.82%. Use the drawdown chart below to compare losses from any high point for MLB1.DE and FTEC.

Drawdown Indicators

	MLB1.DE	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-32.82%	-31.12%
Max Drawdown (1Y) Largest decline over 1 year	-40.69%	-15.35%	-25.34%
Max Drawdown (3Y) Largest decline over 3 years	-43.98%	-31.10%	-12.88%
Max Drawdown (5Y) Largest decline over 5 years	-63.94%	-31.10%	-32.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.82%	—
Current Drawdown Current decline from peak	-38.58%	-7.51%	-31.07%
Average Drawdown Average peak-to-trough decline	-20.94%	-5.49%	-15.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.23%	5.51%	+15.72%

Volatility

MLB1.DE vs. FTEC - Volatility Comparison

Mercadolibre Inc (MLB1.DE) has a higher volatility of 15.99% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.51%. This indicates that MLB1.DE's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLB1.DE	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.99%	8.51%	+7.48%
Volatility (6M) Calculated over the trailing 6-month period	29.27%	16.65%	+12.62%
Volatility (1Y) Calculated over the trailing 1-year period	38.24%	21.51%	+16.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.88%	24.97%	+20.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.06%	25.02%	+23.04%

Dividends

MLB1.DE vs. FTEC - Dividend Comparison

MLB1.DE has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.34%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
MLB1.DE Mercadolibre Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLB1.DE and FTEC in my portfolio?

MLB1.DE and FTEC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.