PAY vs. MELI
PAY (Paymentus Holdings, Inc.) and MELI (MercadoLibre, Inc.) are both stocks. PAY operates in Information Technology Services (Technology), while MELI operates in Internet Retail (Consumer Cyclical). Over the past 5 years, PAY returned -6.18%/yr vs 4.13%/yr for MELI. At a 0.38 correlation, their price movements are largely independent.
Performance
PAY vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, PAY achieves a -35.01% return, which is significantly lower than MELI's -19.97% return.
PAY
- 1D
- -1.77%
- 1M
- -22.94%
- YTD
- -35.01%
- 6M
- -41.44%
- 1Y
- -43.69%
- 3Y*
- 27.05%
- 5Y*
- -6.18%
- 10Y*
- —
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%
PAY vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAY Paymentus Holdings, Inc. | -35.01% | -3.31% | 82.82% | 123.10% | -77.10% | 22.26% |
MELI MercadoLibre, Inc. | -19.97% | 18.46% | 8.20% | 85.71% | -37.24% | -2.68% |
Correlation
The correlation between PAY and MELI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.38 |
The correlation between PAY and MELI shifts across timeframes, from 0.24 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PAY:
$2.65B
MELI:
$81.72B
PAY:
$0.57
MELI:
$37.87
PAY:
35.84
MELI:
42.56
PAY:
0.44
MELI:
0.25
PAY:
2.07
MELI:
2.66
PAY:
4.55
MELI:
11.22
PAY:
$1.28B
MELI:
$30.67B
PAY:
$316.55M
MELI:
$13.95B
PAY:
$121.90M
MELI:
$3.11B
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Return for Risk
PAY vs. MELI — Risk / Return Rank
PAY
MELI
PAY vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paymentus Holdings, Inc. (PAY) 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.
| PAY | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.85 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.86 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.54 | -0.20 |
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
| PAY | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.89 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.08 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.44 | -0.55 |
Drawdowns
PAY vs. MELI - Drawdown Comparison
The maximum PAY drawdown since its inception was -80.78%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for PAY and MELI.
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Drawdown Indicators
| PAY | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.78% | -89.49% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -47.26% | -40.82% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -48.47% | -40.82% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -80.78% | -68.64% | -12.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.12% | — |
Current DrawdownCurrent decline from peak | -48.47% | -38.32% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -41.67% | -23.58% | -18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.08% | 22.74% | +2.34% |
Volatility
PAY vs. MELI - Volatility Comparison
The current volatility for Paymentus Holdings, Inc. (PAY) is 13.40%, while MercadoLibre, Inc. (MELI) has a volatility of 17.04%. This indicates that PAY 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.
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Volatility by Period
| PAY | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 17.04% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 32.87% | 30.13% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.44% | 39.42% | +12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.36% | 49.68% | +12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.58% | 48.89% | +13.69% |
Dividends
PAY vs. MELI - Dividend Comparison
Neither PAY 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% |
PAY Paymentus Holdings, 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
PAY vs. MELI - Financials Comparison
This section allows you to compare key financial metrics between Paymentus Holdings, 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
PAY vs. MELI - Profitability Comparison
PAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported a gross profit of 86.23M and revenue of 358.44M. Therefore, the gross margin over that period was 24.1%.
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%.
PAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported an operating income of 26.55M and revenue of 358.44M, resulting in an operating margin of 7.4%.
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%.
PAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported a net income of 20.88M and revenue of 358.44M, resulting in a net margin of 5.8%.
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
PAY and MELI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (17.04%) compared to PAY (13.40%). In terms of maximum drawdown, PAY dropped -80.78% vs MELI's -89.49%.
PAY currently has the higher Sharpe Ratio (-0.85 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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