V3PA.DE vs. MELI

Last updated Jun 5, 2026

V3PA.DE (Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating) is Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Choice, while MELI (MercadoLibre, Inc.) is a stock. Over the past 3 years, V3PA.DE returned 19.30%/yr vs 7.53%/yr for MELI. At a 0.27 correlation, their price movements are largely independent.

Performance

V3PA.DE vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating (V3PA.DE) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

V3PA.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, V3PA.DE achieves a 31.55% return, which is significantly higher than MELI's -18.49% return.

V3PA.DE

• 1D: -1.34%
• 1M: 5.87%
• YTD: 31.55%
• 6M: 33.90%
• 1Y: 50.48%
• 3Y*: 19.30%
• 5Y*: —
• 10Y*: —

MELI

• 1D: 0.15%
• 1M: 0.90%
• YTD: -18.49%
• 6M: -22.12%
• 1Y: -35.85%
• 3Y*: 7.53%
• 5Y*: 5.27%
• 10Y*: 27.96%

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

V3PA.DE vs. MELI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
V3PA.DE Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating	31.55%	16.47%	7.66%	10.91%	3.67%
MELI MercadoLibre, Inc.	-18.49%	4.40%	15.34%	80.14%	-6.49%

Correlation

The correlation between V3PA.DE and MELI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	0.27

The correlation between V3PA.DE and MELI shifts across timeframes, from 0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

V3PA.DE vs. MELI — Risk / Return Rank

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

V3PA.DE

V3PA.DE Risk / Return Rank: 85
V3PA.DE Sharpe Ratio Rank: 86
V3PA.DE Sortino Ratio Rank: 85
V3PA.DE Omega Ratio Rank: 86
V3PA.DE Calmar Ratio Rank: 84
V3PA.DE Martin Ratio Rank: 83

MELI

MELI Risk / Return Rank: 8
MELI Sharpe Ratio Rank: 7
MELI Sortino Ratio Rank: 10
MELI Omega Ratio Rank: 9
MELI Calmar Ratio Rank: 8
MELI Martin Ratio Rank: 5

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.

V3PA.DE vs. MELI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating (V3PA.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.

	V3PA.DE	MELI	Difference
Sharpe ratio: Return per unit of total volatility	2.80	-0.92	+3.72
Sortino ratio: Return per unit of downside risk	3.77	-1.16	+4.93
Omega ratio: Gain probability vs. loss probability	1.52	0.85	+0.68
Calmar ratio: Return relative to maximum drawdown	4.43	-0.89	+5.32
Martin ratio: Return relative to average drawdown	16.46	-1.62	+18.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3PA.DE vs. MELI - Sharpe Ratio Comparison

The current V3PA.DE Sharpe Ratio is 2.80, which is higher than the MELI Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of V3PA.DE 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.

Sharpe Ratios by Period

	V3PA.DE	MELI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	-0.92	+3.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.47	+0.77

Drawdowns

V3PA.DE vs. MELI - Drawdown Comparison

The maximum V3PA.DE drawdown since its inception was -17.58%, smaller than the maximum MELI drawdown of -87.58%. Use the drawdown chart below to compare losses from any high point for V3PA.DE and MELI.

Drawdown Indicators

	V3PA.DE	MELI	Difference
Max Drawdown Largest peak-to-trough decline	-17.58%	-87.58%	+70.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-40.42%	+28.98%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-42.93%	+25.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.82%	—
Current Drawdown Current decline from peak	-1.83%	-39.64%	+37.81%
Average Drawdown Average peak-to-trough decline	-2.80%	-21.72%	+18.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	22.14%	-19.06%

Volatility

V3PA.DE vs. MELI - Volatility Comparison

The current volatility for Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating (V3PA.DE) is 6.33%, while MercadoLibre, Inc. (MELI) has a volatility of 17.42%. This indicates that V3PA.DE 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.

Volatility by Period

	V3PA.DE	MELI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	17.42%	-11.09%
Volatility (6M) Calculated over the trailing 6-month period	15.56%	29.77%	-14.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	39.38%	-21.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	48.77%	-33.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	48.55%	-33.21%

Dividends

V3PA.DE vs. MELI - Dividend Comparison

Neither V3PA.DE nor MELI has 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%
V3PA.DE Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both V3PA.DE and MELI in my portfolio?

V3PA.DE and MELI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.