TLT vs. MELI
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 -2.20%/yr vs 28.13%/yr for MELI. At a correlation of -0.13, they often move in opposite directions.
Performance
TLT vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a -1.57% return, which is significantly higher than MELI's -9.03% return. Over the past 10 years, TLT has underperformed MELI with an annualized return of -2.20%, while MELI has yielded a comparatively higher 28.13% annualized return.
TLT
- 1D
- -0.75%
- 1M
- -2.94%
- 6M
- -2.29%
- YTD
- -1.57%
- 1Y
- 2.90%
- 3Y*
- -2.24%
- 5Y*
- -7.64%
- 10Y*
- -2.20%
- ALL TIME*
- 3.56%
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%
TLT vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | -1.57% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
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 TLT and MELI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | -0.13 |
The correlation between TLT and MELI shifts across timeframes, from -0.13 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLT vs. MELI — Risk / Return Rank
TLT
MELI
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.
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.
| TLT | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.92 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.63 | +1.01 |
| Martin ratioReturn relative to average drawdown | 0.87 | -1.06 | +1.93 |
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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
| TLT | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -89.49% | +41.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -38.40% | +30.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -40.82% | +22.91% |
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 DrawdownCurrent decline from peak | -41.21% | -29.89% | -11.32% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -23.63% | +9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 22.69% | -19.34% |
Volatility
TLT vs. MELI - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.63%, while MercadoLibre, Inc. (MELI) has a volatility of 8.75%. 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
| TLT | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 8.75% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 29.45% | -22.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 39.82% | -30.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 49.77% | -34.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 48.89% | -34.05% |
Dividends
TLT vs. MELI - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.65%, 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.65% | 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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MELI has higher volatility (8.75%) compared to TLT (2.63%). In terms of maximum drawdown, TLT dropped -48.35% vs MELI's -89.49%.
TLT currently has the higher Sharpe Ratio (0.31 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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