NTRA vs. MELI
NTRA (Natera, Inc.) and MELI (MercadoLibre, Inc.) are both stocks. NTRA operates in Diagnostics & Research (Healthcare), while MELI operates in Internet Retail (Consumer Cyclical). Over the past 10 years, NTRA returned 33.53%/yr vs 28.09%/yr for MELI. At a 0.37 correlation, their price movements are largely independent.
Performance
NTRA vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, NTRA achieves a -7.43% return, which is significantly higher than MELI's -21.08% return. Over the past 10 years, NTRA has outperformed MELI with an annualized return of 33.53%, while MELI has yielded a comparatively lower 28.09% annualized return.
NTRA
- 1D
- -3.27%
- 1M
- 8.58%
- YTD
- -7.43%
- 6M
- -8.57%
- 1Y
- 29.04%
- 3Y*
- 61.10%
- 5Y*
- 15.34%
- 10Y*
- 33.53%
MELI
- 1D
- -1.27%
- 1M
- 1.77%
- YTD
- -21.08%
- 6M
- -21.15%
- 1Y
- -32.89%
- 3Y*
- 9.54%
- 5Y*
- 2.68%
- 10Y*
- 28.09%
NTRA vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTRA Natera, Inc. | -7.43% | 44.72% | 152.71% | 55.94% | -56.99% | -6.16% | 195.40% | 141.33% | 55.28% | -23.23% |
MELI MercadoLibre, Inc. | -21.08% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Correlation
The correlation between NTRA and MELI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2015 | 0.37 |
The correlation between NTRA and MELI shifts across timeframes, from 0.29 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NTRA:
$30.01B
MELI:
$80.59B
NTRA:
-$1.64
MELI:
$37.87
NTRA:
11.70
MELI:
2.63
NTRA:
16.92
MELI:
11.07
NTRA:
$2.50B
MELI:
$30.67B
NTRA:
$1.63B
MELI:
$13.95B
NTRA:
-$294.86M
MELI:
$3.11B
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Return for Risk
NTRA vs. MELI — Risk / Return Rank
NTRA
MELI
NTRA vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natera, Inc. (NTRA) 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.
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.
| NTRA | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.86 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.81 | +1.84 |
| Martin ratioReturn relative to average drawdown | 2.17 | -1.42 | +3.59 |
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Drawdowns
NTRA vs. MELI - Drawdown Comparison
The maximum NTRA drawdown since its inception was -77.74%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for NTRA and MELI.
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Drawdown Indicators
| NTRA | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.74% | -89.49% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.20% | -40.82% | +12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -39.94% | -40.82% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -77.74% | -68.64% | -9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -77.74% | -69.12% | -8.62% |
Current DrawdownCurrent decline from peak | -16.64% | -39.18% | +22.54% |
Average DrawdownAverage peak-to-trough decline | -33.43% | -23.58% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.41% | 23.24% | -9.83% |
Volatility
NTRA vs. MELI - Volatility Comparison
Natera, Inc. (NTRA) has a higher volatility of 14.27% compared to MercadoLibre, Inc. (MELI) at 9.96%. This indicates that NTRA's price experiences larger fluctuations and is considered to be riskier than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTRA | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.27% | 9.96% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 35.19% | 29.79% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.95% | 39.48% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.04% | 49.65% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.95% | 48.88% | +12.07% |
Dividends
NTRA vs. MELI - Dividend Comparison
Neither NTRA nor MELI has 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% |
NTRA Natera, 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% |
Financials
NTRA vs. MELI - Financials Comparison
This section allows you to compare key financial metrics between Natera, Inc. and MercadoLibre, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NTRA vs. MELI - Profitability Comparison
NTRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported a gross profit of 451.44M and revenue of 696.64M. Therefore, the gross margin over that period was 64.8%.
MELI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a gross profit of 3.86B and revenue of 7.72B. Therefore, the gross margin over that period was 50.1%.
NTRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported an operating income of -93.52M and revenue of 696.64M, resulting in an operating margin of -13.4%.
MELI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported an operating income of 611.00M and revenue of 7.72B, resulting in an operating margin of 7.9%.
NTRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported a net income of -85.09M and revenue of 696.64M, resulting in a net margin of -12.2%.
MELI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a net income of 417.00M and revenue of 7.72B, resulting in a net margin of 5.4%.
Frequently Asked Questions
NTRA and MELI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTRA has higher volatility (14.27%) compared to MELI (9.96%). In terms of maximum drawdown, NTRA dropped -77.74% vs MELI's -89.49%.
NTRA currently has the higher Sharpe Ratio (0.68 vs -0.84), 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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