SOXX vs. MELI
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, SOXX returned 32.94%/yr vs 28.13%/yr for MELI. At a 0.49 correlation, their price movements are largely independent.
Performance
SOXX vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 74.24% return, which is significantly higher than MELI's -9.03% return. Over the past 10 years, SOXX has outperformed MELI with an annualized return of 32.94%, while MELI has yielded a comparatively lower 28.13% annualized return.
SOXX
- 1D
- 0.45%
- 1M
- -18.03%
- 6M
- 53.21%
- YTD
- 74.24%
- 1Y
- 113.43%
- 3Y*
- 46.45%
- 5Y*
- 29.72%
- 10Y*
- 32.94%
- ALL TIME*
- 14.02%
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%
SOXX vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 74.24% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
MELI MercadoLibre, Inc. | -9.03% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Correlation
The correlation between SOXX and MELI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.49 |
Over the past year, the correlation between SOXX and MELI has dropped to 0.16 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
SOXX vs. MELI — Risk / Return Rank
SOXX
MELI
SOXX vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) 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.
| SOXX | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.92 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | -0.63 | +6.24 |
| Martin ratioReturn relative to average drawdown | 20.26 | -1.06 | +21.32 |
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Drawdowns
SOXX vs. MELI - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for SOXX and MELI.
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Drawdown Indicators
| SOXX | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -89.49% | +19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -20.34% | -38.40% | +18.06% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -40.82% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -68.64% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -69.12% | +23.37% |
Current DrawdownCurrent decline from peak | -19.98% | -29.89% | +9.91% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -23.63% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 22.69% | -17.07% |
Volatility
SOXX vs. MELI - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.83% compared to MercadoLibre, Inc. (MELI) at 8.75%. This indicates that SOXX'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
| SOXX | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.83% | 8.75% | +11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 36.88% | 29.45% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.54% | 39.82% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.83% | 49.77% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.31% | 48.89% | -14.58% |
Dividends
SOXX vs. MELI - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.28%, while MELI has not 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% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
SOXX and MELI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.83%) compared to MELI (8.75%). In terms of maximum drawdown, SOXX dropped -70.21% vs MELI's -89.49%.
SOXX currently has the higher Sharpe Ratio (2.69 vs -0.61), 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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