SOL-USD vs. MELI
SOL-USD (Solana) is a cryptocurrency, while MELI (MercadoLibre, Inc.) is a stock. Over the past 5 years, SOL-USD returned 23.94%/yr vs 3.40%/yr for MELI. At a 0.17 correlation, their price movements are largely independent.
Performance
SOL-USD vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -37.28% return, which is significantly lower than MELI's -9.03% return.
SOL-USD
- 1D
- 2.27%
- 1M
- 6.73%
- 6M
- -41.47%
- YTD
- -37.28%
- 1Y
- -57.00%
- 3Y*
- 45.16%
- 5Y*
- 23.94%
- 10Y*
- —
- ALL TIME*
- 106.21%
MELI
- 1D
- 1.02%
- 1M
- 12.06%
- 6M
- -11.69%
- YTD
- -9.03%
- 1Y
- -24.08%
- 3Y*
- 14.49%
- 5Y*
- 3.40%
- 10Y*
- 28.13%
- ALL TIME*
- 26.51%
SOL-USD vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOL-USD Solana | -37.28% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 214.14% |
Correlation
The correlation between SOL-USD and MELI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.17 |
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Return for Risk
SOL-USD vs. MELI — Risk / Return Rank
SOL-USD
MELI
SOL-USD vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.
| SOL-USD | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.92 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.63 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.06 | -0.04 |
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Drawdowns
SOL-USD vs. MELI - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than MELI's maximum drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for SOL-USD and MELI.
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Drawdown Indicators
| SOL-USD | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -89.49% | -6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -38.40% | -36.49% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -40.82% | -35.46% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -68.64% | -27.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.12% | — |
Current DrawdownCurrent decline from peak | -70.20% | -29.89% | -40.31% |
Average DrawdownAverage peak-to-trough decline | -51.74% | -23.63% | -28.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.56% | 22.69% | +16.87% |
Volatility
SOL-USD vs. MELI - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 13.99% compared to MercadoLibre, Inc. (MELI) at 8.75%. This indicates that SOL-USD'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
| SOL-USD | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.99% | 8.75% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 47.47% | 29.45% | +18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.38% | 39.82% | +19.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.14% | 49.77% | +31.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.16% | 48.89% | +50.27% |
Frequently Asked Questions
SOL-USD and MELI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (13.99%) compared to MELI (8.75%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs MELI's -89.49%.
MELI currently has the higher Sharpe Ratio (-0.61 vs -0.80), 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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