MELI vs MQ: Correlation
MercadoLibre, Inc. (MELI) and Marqeta, Inc. (MQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MELI and MQ?
Across a 3-year window, the weekly returns of MELI and MQ correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 598.3 %².
Within MELI's tracked universe of 12 assets, MQ comes in at #7 by 3-year correlation. The last year tells two different stories: MELI led by 15.4 percentage points, -20.0% for MELI against -35.4% for MQ.
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.
MELI vs MQ: side by side
| MELI (MercadoLibre, Inc.) | MQ (Marqeta, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -35.4% |
| 5-year return | +2.8% | -85.0% |
| Volatility (ann.) | 35.7% | 43.5% |
| Beta vs S&P 500 | 1.04 | 0.49 |
| Max drawdown (3Y) | -40.8% | -53.3% |
| Market cap | $97.9B | $1.7B |
| P/E (trailing) | 53.2 | 180.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MELI | MQ |
|---|---|---|
| 2022 | -37.2% | -64.4% |
| 2023 | +85.7% | +14.2% |
| 2024 | +8.2% | -45.7% |
| 2025 | +18.5% | +25.3% |
| 2026 | -4.1% | -14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MELI and MQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MELI and MQ?
As of 2026-08-27, the correlation of weekly returns between MELI and MQ is 0.39 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is MQ a good diversifier for MELI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/meli-vs-mq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/meli-vs-mq/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MELI correlations · MQ correlations
