DSL vs MELI: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and MercadoLibre, Inc. (MELI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and MELI?
Over the past 3 years, DSL and MELI moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.52). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 225.3 %².
Within DSL's tracked universe of 30 assets, MELI comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DSL ahead by 16.3 points (-3.7% versus -20.0%). One caveat on sizing: MELI is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DSL vs MELI: side by side
| DSL (DoubleLine Income Solutions Fund) | MELI (MercadoLibre, Inc.) | |
|---|---|---|
| 1-year return | -3.7% | -20.0% |
| 5-year return | +5.8% | +2.8% |
| Volatility (ann.) | 12.2% | 35.7% |
| Beta vs S&P 500 | 0.49 | 1.04 |
| Max drawdown (3Y) | -13.5% | -40.8% |
| Market cap | $1.2B | $97.9B |
| P/E (trailing) | 33.2 | 53.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | MELI |
|---|---|---|
| 2022 | -22.6% | -37.2% |
| 2023 | +23.4% | +85.7% |
| 2024 | +14.0% | +8.2% |
| 2025 | -0.0% | +18.5% |
| 2026 | +2.1% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and MELI good diversifiers for each other?
Only partially. A correlation of 0.52 means DSL and MELI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DSL and MELI?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.42 over the last year and 0.44 over 5 years.
Is MELI a good diversifier for DSL?
Only partially. A correlation of 0.52 means DSL and MELI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsl-vs-meli.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-meli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · MELI correlations
