VNQ vs. MELI
VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while MELI (MercadoLibre, Inc.) is a stock. Over the past 10 years, VNQ returned 4.89%/yr vs 28.13%/yr for MELI. At a 0.34 correlation, their price movements are largely independent.
Performance
VNQ vs. MELI - Performance Comparison
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Returns By Period
In the year-to-date period, VNQ achieves a 14.62% return, which is significantly higher than MELI's -9.03% return. Over the past 10 years, VNQ has underperformed MELI with an annualized return of 4.89%, while MELI has yielded a comparatively higher 28.13% annualized return.
VNQ
- 1D
- -0.54%
- 1M
- 5.02%
- 6M
- 9.51%
- YTD
- 14.62%
- 1Y
- 14.89%
- 3Y*
- 9.14%
- 5Y*
- 2.64%
- 10Y*
- 4.89%
- ALL TIME*
- 7.76%
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%
VNQ vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 14.62% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
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 VNQ and MELI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2007 | 0.34 |
Over the past year, the correlation between VNQ and MELI has dropped to 0.13 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
VNQ vs. MELI — Risk / Return Rank
VNQ
MELI
VNQ vs. MELI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) 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.
| VNQ | MELI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.92 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | -0.63 | +2.42 |
| Martin ratioReturn relative to average drawdown | 5.63 | -1.06 | +6.69 |
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Drawdowns
VNQ vs. MELI - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for VNQ and MELI.
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Drawdown Indicators
| VNQ | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -89.49% | +16.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -38.40% | +30.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -40.82% | +23.36% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -68.64% | +34.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | -69.12% | +26.72% |
Current DrawdownCurrent decline from peak | -0.59% | -29.89% | +29.30% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -23.63% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 22.69% | -20.04% |
Volatility
VNQ vs. MELI - Volatility Comparison
The current volatility for Vanguard Real Estate ETF (VNQ) is 4.55%, while MercadoLibre, Inc. (MELI) has a volatility of 8.75%. This indicates that VNQ 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
| VNQ | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 8.75% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 29.45% | -18.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 39.82% | -25.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 49.77% | -30.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 48.89% | -28.13% |
Dividends
VNQ vs. MELI - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.49%, 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% |
VNQ Vanguard Real Estate ETF | 3.49% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VNQ and MELI have a correlation of 0.13, 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 VNQ (4.55%). In terms of maximum drawdown, VNQ dropped -73.07% vs MELI's -89.49%.
VNQ currently has the higher Sharpe Ratio (1.07 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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