MUTHOOTFIN.NS vs. MELI

Last updated Jun 5, 2026

MUTHOOTFIN.NS (Muthoot Finance Limited) and MELI (MercadoLibre, Inc.) are both stocks. MUTHOOTFIN.NS operates in Credit Services (Financial Services), while MELI operates in Internet Retail (Consumer Cyclical). Over the past 10 years, MUTHOOTFIN.NS returned 30.10%/yr vs 32.40%/yr for MELI. At a 0.03 correlation, their price movements are largely independent.

Performance

MUTHOOTFIN.NS vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Muthoot Finance Limited (MUTHOOTFIN.NS) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MUTHOOTFIN.NS is traded in INR, while MELI is traded in USD. To make them comparable, the MELI values have been converted to INR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with MUTHOOTFIN.NS having a -16.14% return and MELI slightly higher at -15.64%. Over the past 10 years, MUTHOOTFIN.NS has underperformed MELI with an annualized return of 30.10%, while MELI has yielded a comparatively higher 32.40% annualized return.

MUTHOOTFIN.NS

• 1D: -1.51%
• 1M: -10.30%
• YTD: -16.14%
• 6M: -15.88%
• 1Y: 39.31%
• 3Y*: 42.82%
• 5Y*: 17.67%
• 10Y*: 30.10%

MELI

• 1D: -2.51%
• 1M: -12.36%
• YTD: -15.64%
• 6M: -17.83%
• 1Y: -31.09%
• 3Y*: 13.85%
• 5Y*: 9.55%
• 10Y*: 32.40%

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

MUTHOOTFIN.NS vs. MELI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUTHOOTFIN.NS Muthoot Finance Limited	-16.14%	80.62%	46.80%	41.85%	-27.82%	25.75%	62.90%	50.53%	11.36%	70.61%
MELI MercadoLibre, Inc.	-15.64%	24.12%	11.48%	86.99%	-30.50%	-17.91%	200.27%	100.25%	1.49%	89.45%

Correlation

The correlation between MUTHOOTFIN.NS and MELI is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 9, 2011	0.03

The correlation between MUTHOOTFIN.NS and MELI shifts across timeframes, from -0.10 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MUTHOOTFIN.NS vs. MELI — Risk / Return Rank

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

MUTHOOTFIN.NS

MUTHOOTFIN.NS Risk / Return Rank: 72
MUTHOOTFIN.NS Sharpe Ratio Rank: 75
MUTHOOTFIN.NS Sortino Ratio Rank: 70
MUTHOOTFIN.NS Omega Ratio Rank: 73
MUTHOOTFIN.NS Calmar Ratio Rank: 71
MUTHOOTFIN.NS Martin Ratio Rank: 72

MELI

MELI Risk / Return Rank: 6
MELI Sharpe Ratio Rank: 5
MELI Sortino Ratio Rank: 8
MELI Omega Ratio Rank: 8
MELI Calmar Ratio Rank: 5
MELI Martin Ratio Rank: 3

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.

MUTHOOTFIN.NS vs. MELI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muthoot Finance Limited (MUTHOOTFIN.NS) and MercadoLibre, Inc. (MELI). 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.

	MUTHOOTFIN.NS	MELI	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.79	+1.95
Sortino ratio: Return per unit of downside risk	1.70	-0.96	+2.66
Omega ratio: Gain probability vs. loss probability	1.25	0.87	+0.37
Calmar ratio: Return relative to maximum drawdown	1.70	-0.92	+2.63
Martin ratio: Return relative to average drawdown	4.19	-1.68	+5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUTHOOTFIN.NS vs. MELI - Sharpe Ratio Comparison

The current MUTHOOTFIN.NS Sharpe Ratio is 1.16, which is higher than the MELI Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of MUTHOOTFIN.NS and MELI, 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

	MUTHOOTFIN.NS	MELI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	-0.79	+1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.20	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.68	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.56	+0.07

Drawdowns

MUTHOOTFIN.NS vs. MELI - Drawdown Comparison

The maximum MUTHOOTFIN.NS drawdown since its inception was -67.51%, smaller than the maximum MELI drawdown of -86.62%. Use the drawdown chart below to compare losses from any high point for MUTHOOTFIN.NS and MELI.

Drawdown Indicators

	MUTHOOTFIN.NS	MELI	Difference
Max Drawdown Largest peak-to-trough decline	-67.51%	-86.62%	+19.11%
Max Drawdown (1Y) Largest decline over 1 year	-23.86%	-33.75%	+9.89%
Max Drawdown (3Y) Largest decline over 3 years	-23.86%	-33.75%	+9.89%
Max Drawdown (5Y) Largest decline over 5 years	-45.70%	-66.71%	+21.01%
Max Drawdown (10Y) Largest decline over 10 years	-45.70%	-67.03%	+21.33%
Current Drawdown Current decline from peak	-21.88%	-31.87%	+9.99%
Average Drawdown Average peak-to-trough decline	-15.63%	-20.38%	+4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.70%	18.59%	-8.89%

Volatility

MUTHOOTFIN.NS vs. MELI - Volatility Comparison

The current volatility for Muthoot Finance Limited (MUTHOOTFIN.NS) is 9.93%, while MercadoLibre, Inc. (MELI) has a volatility of 16.83%. This indicates that MUTHOOTFIN.NS experiences smaller price fluctuations and is considered to be less risky than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUTHOOTFIN.NS	MELI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	16.83%	-6.90%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	29.46%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	39.34%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.26%	48.91%	-18.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.56%	47.99%	-11.43%

Dividends

MUTHOOTFIN.NS vs. MELI - Dividend Comparison

MUTHOOTFIN.NS's dividend yield for the trailing twelve months is around 0.95%, while MELI has not paid dividends to shareholders.

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%
MUTHOOTFIN.NS Muthoot Finance Limited	0.95%	0.68%	1.12%	1.49%	1.88%	1.34%	1.24%	1.58%	1.94%	1.26%	0.71%	3.34%

Financials

Frequently Asked Questions

Can I hold both MUTHOOTFIN.NS and MELI in my portfolio?

MUTHOOTFIN.NS and MELI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.