Etsy (NASDAQ: ETSY) and MercadoLibre (NASDAQ: MELI) are both e-commerce companies whose stocks generated much bigger gains than Amazon's(NASDAQ: AMZN) over the past five years. Amazon's stock rose more than 300% during that period, but Etsy's stock skyrocketed roughly 1,700% as MercadoLibre's stock jumped nearly 900%.

Both companies have also withstood competition from Amazon. Amazon launched its own Handmade marketplace to challenge Etsy back in 2015, but its stricter rules and higher fees alienated many merchants. Amazon expanded its operations in Latin America over the past decade, but it still remains far behind MercadoLibre, the region's largest e-commerce player.

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Source Fool.com