SLVR.DE vs. MELI
SLVR.DE (WisdomTree Silver) is Silver fund tracking the Bloomberg Silver Subindex, while MELI (MercadoLibre, Inc.) is a stock. Over the past 3 years, SLVR.DE returned 45.36%/yr vs 5.35%/yr for MELI. At a 0.10 correlation, their price movements are largely independent.
Performance
SLVR.DE vs. MELI - Performance Comparison
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Different Trading Currencies
SLVR.DE is traded in EUR, while MELI is traded in USD. To make them comparable, the MELI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVR.DE achieves a 1.99% return, which is significantly higher than MELI's -17.91% return.
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
MELI
- 1D
- -0.37%
- 1M
- -9.44%
- YTD
- -17.91%
- 6M
- -23.39%
- 1Y
- -37.55%
- 3Y*
- 5.35%
- 5Y*
- 5.25%
- 10Y*
- 27.80%
SLVR.DE vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
MELI MercadoLibre, Inc. | -17.91% | 4.40% | 15.34% | 80.14% | -10.07% |
Correlation
The correlation between SLVR.DE and MELI is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.10 |
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Return for Risk
SLVR.DE vs. MELI — Risk / Return Rank
SLVR.DE
MELI
SLVR.DE vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.DE) 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.
| SLVR.DE | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.84 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -0.91 | +3.97 |
| Martin ratioReturn relative to average drawdown | 7.37 | -1.63 | +9.00 |
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
| SLVR.DE | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | -0.96 | +2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.47 | +0.21 |
Drawdowns
SLVR.DE vs. MELI - Drawdown Comparison
The maximum SLVR.DE drawdown since its inception was -31.33%, smaller than the maximum MELI drawdown of -87.58%. Use the drawdown chart below to compare losses from any high point for SLVR.DE and MELI.
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Drawdown Indicators
| SLVR.DE | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -87.58% | +56.25% |
Max Drawdown (1Y)Largest decline over 1 year | -30.51% | -41.42% | +10.91% |
Max Drawdown (3Y)Largest decline over 3 years | -30.51% | -42.93% | +12.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.82% | — |
Current DrawdownCurrent decline from peak | -24.02% | -39.21% | +15.19% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -21.70% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 23.01% | -10.32% |
Volatility
SLVR.DE vs. MELI - Volatility Comparison
WisdomTree Silver (SLVR.DE) and MercadoLibre, Inc. (MELI) have volatilities of 17.06% and 17.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVR.DE | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 17.61% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 41.25% | 29.79% | +11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.34% | 39.45% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.29% | 48.77% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 48.54% | -10.25% |
Dividends
SLVR.DE vs. MELI - Dividend Comparison
Neither SLVR.DE 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% |
SLVR.DE WisdomTree Silver | 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
SLVR.DE and MELI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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