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MELI correlations (MercadoLibre, Inc.)

Every correlation that matters for MELI: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

35.7%

3y weekly

Beta vs S&P 500

1.04

3y weekly

1-year return

-20.0%

price, adjusted

5-year return

+2.8%

price, adjusted

Market cap

$97.9B

latest

P/E ratio

53.2

trailing

Max drawdown

-40.8%

3y, daily closes

MELI over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with MELI

Asset		Correlation (3Y)
AWF	Alliancebernstein Global High Income Fund	0.55
ETY	Eaton Vance Tax-Managed Diversified Equity Income Fund	0.53
DSL	DoubleLine Income Solutions Fund	0.52
FLC	Flaherty & Crumrine Total Return Fund Inc	0.51
ETB	Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance	0.49

These are the assets whose returns had the least to do with MELI's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.41
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.38
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.36

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/meli.json

Correlations, diversifiers, beta and volatility for MELI, plus one endpoint per pair. API documentation.

ETF		MELI weight
QQQ	Invesco QQQ Trust	0.44%
QQQM	Invesco Nasdaq 100 ETF	0.44%
USMV	iShares MSCI USA Min Vol Factor ETF	0.36%
ACWI	iShares MSCI ACWI ETF	0.08%
VT	Vanguard Total World Stock ETF	0.08%