SLVR.DE vs. MELI

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Silver (SLVR.DE) and MercadoLibre, Inc. (MELI).

SLVR.DE is a passively managed fund by Global X that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on May 6, 2022.

Performance

SLVR.DE vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Silver (SLVR.DE) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

SLVR.DE vs. MELI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SLVR.DE WisdomTree Silver	9.68%	147.57%	21.38%	-4.72%	-10.71%
MELI MercadoLibre, Inc.	-13.35%	4.40%	15.34%	80.14%	-10.07%

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 9.68% return, which is significantly higher than MELI's -13.35% return.

SLVR.DE

• 1D: 7.57%
• 1M: -16.87%
• YTD: 9.68%
• 6M: 35.48%
• 1Y: 135.59%
• 3Y*: 44.05%
• 5Y*: —
• 10Y*: —

MELI

• 1D: -0.68%
• 1M: -2.25%
• YTD: -13.35%
• 6M: -19.91%
• 1Y: -16.25%
• 3Y*: 6.92%
• 5Y*: 2.99%
• 10Y*: 30.30%

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

Return for Risk

SLVR.DE vs. MELI — Risk / Return Rank

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

SLVR.DE

SLVR.DE Risk / Return Rank: 94
SLVR.DE Sharpe Ratio Rank: 97
SLVR.DE Sortino Ratio Rank: 93
SLVR.DE Omega Ratio Rank: 90
SLVR.DE Calmar Ratio Rank: 96
SLVR.DE Martin Ratio Rank: 93

MELI

MELI Risk / Return Rank: 28
MELI Sharpe Ratio Rank: 29
MELI Sortino Ratio Rank: 26
MELI Omega Ratio Rank: 26
MELI Calmar Ratio Rank: 31
MELI Martin Ratio Rank: 30

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.

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 ratio Return per unit of total volatility	2.78	-0.41	+3.19
Sortino ratio Return per unit of downside risk	2.95	-0.34	+3.29
Omega ratio Gain probability vs. loss probability	1.40	0.96	+0.44
Calmar ratio Return relative to maximum drawdown	4.49	-0.44	+4.93
Martin ratio Return relative to average drawdown	14.32	-0.90	+15.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVR.DE vs. MELI - Sharpe Ratio Comparison

The current SLVR.DE Sharpe Ratio is 2.78, which is higher than the MELI Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of SLVR.DE and MELI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLVR.DE	MELI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	-0.41	+3.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.48	+0.31

Correlation

The correlation between SLVR.DE and MELI is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SLVR.DE vs. MELI - Dividend Comparison

Neither SLVR.DE nor MELI has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

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.

Drawdown Indicators

	SLVR.DE	MELI	Difference
Max Drawdown Largest peak-to-trough decline	-31.33%	-89.49%	+58.16%
Max Drawdown (1Y) Largest decline over 1 year	-30.51%	-38.80%	+8.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-68.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.12%	—
Current Drawdown Current decline from peak	-18.29%	-34.23%	+15.94%
Average Drawdown Average peak-to-trough decline	-12.33%	-23.48%	+11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	17.58%	-8.01%

Volatility

SLVR.DE vs. MELI - Volatility Comparison

WisdomTree Silver (SLVR.DE) has a higher volatility of 19.94% compared to MercadoLibre, Inc. (MELI) at 10.90%. This indicates that SLVR.DE'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.

Volatility by Period

	SLVR.DE	MELI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.94%	10.90%	+9.04%
Volatility (6M) Calculated over the trailing 6-month period	42.45%	31.36%	+11.09%
Volatility (1Y) Calculated over the trailing 1-year period	48.52%	39.71%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.53%	48.52%	-10.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.53%	48.30%	-10.77%