MELI vs SPY
Comparison between MercadoLibre Inc (MELI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MELI, delivering a return of +13.3% compared to +2.0%
MELI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MELI
$93B
Winner
SPY
$652B
Expense Ratio
MELI
N/A
SPY
0.09%
Max Drawdown
MELI
89.49%
Winner
SPY
56.47%
Sharpe Ratio
MELI
-0.73
Winner
SPY
2.07
5Y Beta
Winner
MELI
0.87
SPY
1.00
Industry
MELI
Internet Retail
SPY
N/A
P/E Ratio
MELI
46.74
Winner
SPY
28.24
Forward P/E
MELI
35.71
Winner
SPY
21.85
PEG Ratio
MELI
10.39
SPY
N/A
5Y Dividends CAGR
Winner
MELI
7.77%
SPY
5.43%
5Y EPS CAGR
MELI
N/A
SPY
25.79%
Debt to Equity
MELI
136.23%
Winner
SPY
22.35%
Free Cash Flow Yield
MELI
12.98%
SPY
N/A
P/S Ratio
Winner
MELI
3.23
SPY
3.55
P/B Ratio
MELI
13.62
Winner
SPY
5.29
MELI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MELI
-8.07%
Winner
SPY
+9.11%
3M
MELI
-19.80%
Winner
SPY
+6.59%
6M
MELI
-22.58%
Winner
SPY
+10.56%
1Y
MELI
-32.26%
Winner
SPY
+32.04%
5Y(CAGR)
MELI
+1.96%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
MELI
+29.15%
SPY
+15.49%
Max(CAGR)
Winner
MELI
+24.31%
SPY
+8.50%
MELI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MELI | SPY |
|---|---|---|
| 2026 | -17.29% | +8.27% |
| 2025 | +14.12% | +18.00% |
| 2024 | +11.20% | +25.59% |
| 2023 | +90.23% | +26.72% |
| 2022 | -36.51% | -18.64% |
| 2021 | -17.78% | +30.52% |
| 2020 | +174.54% | +17.28% |
| 2019 | +91.92% | +31.09% |
| 2018 | -9.22% | -5.24% |
| 2017 | +95.87% | +20.78% |
| 2016 | +42.60% | +13.59% |
| 2015 | -8.82% | +1.31% |
| 2014 | +24.25% | +14.56% |
| 2013 | +31.69% | +29.00% |
| 2012 | -3.46% | +14.17% |
| 2011 | +13.96% | +0.85% |
| 2010 | +31.74% | +13.14% |
| 2009 | +195.05% | +22.67% |
| 2008 | -76.59% | -36.25% |
| 2007 | +159.23% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MELI vs SPY Drawdown Comparison
The maximum drawdown for MELI was -89.49%, occurring on Nov 20, 2008. Recovery took 819 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MELI drawdown is -37.54%.
| Rank | MELI | SPY |
|---|---|---|
| #1 | -89.49% Dec 28, 2007 - Mar 30, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -69.12% Jan 20, 2021 - Aug 15, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -46.15% May 2, 2011 - Dec 6, 2011 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -43.49% May 4, 2015 - Jul 20, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -43.45% Oct 21, 2013 - Apr 29, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -39.77% Feb 19, 2020 - May 6, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -38.80% Jun 30, 2025 - Mar 27, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -37.79% Mar 9, 2018 - Feb 27, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -36.07% Feb 27, 2012 - May 3, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -30.02% Aug 9, 2019 - Jan 13, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -25.39% May 16, 2017 - Dec 13, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -23.29% Oct 30, 2007 - Nov 15, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -22.15% Sep 12, 2024 - Feb 21, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -20.83% Sep 22, 2016 - Feb 6, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -20.59% Feb 21, 2025 - Apr 29, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MELI and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
MELI vs SPY dividend yield comparison.
| Year | MELI | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.00% | 1.07% |
| 2024 | 0.00% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.19% | 1.80% |
| 2016 | 0.38% | 2.03% |
| 2015 | 0.36% | 2.06% |
| 2014 | 0.52% | 1.87% |
| 2013 | 0.53% | 1.81% |
| 2012 | 0.56% | 2.18% |
| 2011 | 0.40% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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