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TLT vs. MELI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLT vs. MELI

Last updated Jun 9, 2026

TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, TLT returned -1.85%/yr vs 28.28%/yr for MELI. At a correlation of -0.14, they often move in opposite directions.

Performance

TLT vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 20+ Year Treasury Bond ETF (TLT) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TLT achieves a -1.08% return, which is significantly higher than MELI's -19.97% return. Over the past 10 years, TLT has underperformed MELI with an annualized return of -1.85%, while MELI has yielded a comparatively higher 28.28% annualized return.

TLT

1D
-0.52%
1M
-1.31%
YTD
-1.08%
6M
-1.51%
1Y
3.67%
3Y*
-2.05%
5Y*
-6.70%
10Y*
-1.85%

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

TLT vs. MELI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TLT
iShares 20+ Year Treasury Bond ETF		-1.08%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%
MELI
MercadoLibre, Inc.		-19.97%18.46%8.20%85.71%-37.24%-19.51%192.90%95.30%-6.93%101.99%

Correlation

The correlation between TLT and MELI is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2007

-0.14

The correlation between TLT and MELI shifts across timeframes, from -0.14 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

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iShares 20+ Year Treasury Bond ETF

MercadoLibre, Inc.

Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV
Often compared with MELI:
MELI vs. AMZNMELI vs. CPNGMELI vs. VOOMELI vs. DISMELI vs. QQQMELI vs. PDDMELI vs. LLY

Return for Risk

TLT vs. MELI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLT
TLT Risk / Return Rank: 1515
Overall Rank
TLT Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1515
Sortino Ratio Rank
TLT Omega Ratio Rank: 1414
Omega Ratio Rank
TLT Calmar Ratio Rank: 1515
Calmar Ratio Rank
TLT Martin Ratio Rank: 1515
Martin Ratio Rank
MELI
MELI Risk / Return Rank: 88
Overall Rank
MELI Sharpe Ratio Rank: 77
Sharpe Ratio Rank
MELI Sortino Ratio Rank: 1010
Sortino Ratio Rank
MELI Omega Ratio Rank: 99
Omega Ratio Rank
MELI Calmar Ratio Rank: 88
Calmar Ratio Rank
MELI Martin Ratio Rank: 55
Martin Ratio Rank
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.

TLT vs. MELI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) 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.

TLTMELIDifference
Sharpe ratioReturn per unit of total volatility
0.38
-0.89

+1.28

Sortino ratioReturn per unit of downside risk
0.62
-1.14

+1.76

Omega ratioGain probability vs. loss probability

1.07

0.85

+0.22

Calmar ratioReturn relative to maximum drawdown

0.49

-0.86

+1.35

Martin ratioReturn relative to average drawdown

1.19

-1.54

+2.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLT vs. MELI - Sharpe Ratio Comparison

The current TLT Sharpe Ratio is 0.38, which is higher than the MELI Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of TLT and MELI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TLTMELIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.38

-0.89

+1.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.42

0.08

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.12

0.58

-0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.44

-0.19

Drawdowns

TLT vs. MELI - Drawdown Comparison

The maximum TLT drawdown since its inception was -48.35%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for TLT and MELI.

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Drawdown Indicators

TLTMELIDifference

Max Drawdown

Largest peak-to-trough decline

-48.35%

-89.49%

+41.14%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-40.82%

+33.24%

Max Drawdown (3Y)

Largest decline over 3 years

-19.18%

-40.82%

+21.64%

Max Drawdown (5Y)

Largest decline over 5 years

-43.70%

-68.64%

+24.94%

Max Drawdown (10Y)

Largest decline over 10 years

-48.35%

-69.12%

+20.77%

Current Drawdown

Current decline from peak

-40.92%

-38.32%

-2.60%

Average Drawdown

Average peak-to-trough decline

-13.83%

-23.58%

+9.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

22.74%

-19.66%

Volatility

TLT vs. MELI - Volatility Comparison

The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.65%, while MercadoLibre, Inc. (MELI) has a volatility of 17.04%. This indicates that TLT 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

TLTMELIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

17.04%

-14.39%

Volatility (6M)

Calculated over the trailing 6-month period

6.51%

30.13%

-23.62%

Volatility (1Y)

Calculated over the trailing 1-year period

9.60%

39.42%

-29.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.85%

49.68%

-33.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.91%

48.89%

-33.98%

Dividends

TLT vs. MELI - Dividend Comparison

TLT's dividend yield for the trailing twelve months is around 4.63%, while MELI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
TLT
iShares 20+ Year Treasury Bond ETF		4.63%4.43%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%

Frequently Asked Questions

TLT and MELI have a correlation of 0.10, 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 TLT (2.65%). In terms of maximum drawdown, TLT dropped -48.35% vs MELI's -89.49%.

TLT currently has the higher Sharpe Ratio (0.38 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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