TIGO vs SPY

Comparison between Millicom International Cellular S.A. (TIGO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceTIGO has outperformed SPY, delivering a return of +16.9% compared to +13.3%

TIGO vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TIGO(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$14B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	91.16%	56.47%
Sharpe Ratio	2.85	2.07
5Y Beta	0.22	1.00
Industry	Telecom Services	N/A
P/E Ratio	10.82	28.24
Forward P/E	23.15	21.85
PEG Ratio	0.02	N/A
Dividend Yield	3.73%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	260.19%	22.35%
Free Cash Flow Yield	8.23%	N/A
P/S Ratio	2.44	3.55
P/B Ratio	3.85	5.29

Market Cap / Net Assets

TIGO

$14B

Winner

SPY

$652B

Expense Ratio

TIGO

N/A

SPY

0.09%

Max Drawdown

TIGO

91.16%

Winner

SPY

56.47%

Sharpe Ratio

Winner

TIGO

2.85

SPY

2.07

5Y Beta

Winner

TIGO

0.22

SPY

1.00

Industry

TIGO

Telecom Services

SPY

N/A

P/E Ratio

Winner

TIGO

10.82

SPY

28.24

Forward P/E

TIGO

23.15

Winner

SPY

21.85

PEG Ratio

TIGO

0.02

SPY

N/A

Dividend Yield

TIGO

3.73%

SPY

N/A

5Y Dividends CAGR

TIGO

N/A

SPY

5.43%

5Y EPS CAGR

TIGO

N/A

SPY

25.79%

Debt to Equity

TIGO

260.19%

Winner

SPY

22.35%

Free Cash Flow Yield

TIGO

8.23%

SPY

N/A

P/S Ratio

Winner

TIGO

2.44

SPY

3.55

P/B Ratio

Winner

TIGO

3.85

SPY

5.29

TIGO vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	TIGO	SPY
1 month	-0.06%	+9.11%
3 months	+20.72%	+6.59%
6 months	+76.12%	+10.56%
1 year	+159.48%	+32.04%
5 years(CAGR)	+16.91%	+13.35%
10 years(CAGR)	+7.54%	+15.49%
Max(CAGR)	+0.67%	+8.50%

TIGO

-0.06%

Winner

SPY

+9.11%

Winner

TIGO

+20.72%

SPY

+6.59%

Winner

TIGO

+76.12%

SPY

+10.56%

Winner

TIGO

+159.48%

SPY

+32.04%

5Y(CAGR)

Winner

TIGO

+16.91%

SPY

+13.35%

10Y(CAGR)

TIGO

+7.54%

Winner

SPY

+15.49%

Max(CAGR)

TIGO

+0.67%

Winner

SPY

+8.50%

TIGO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TIGO	SPY
2026	+47.87%	+8.27%
2025	+150.90%	+18.00%
2024	+38.33%	+25.59%
2023	+37.93%	+26.72%
2022	-56.52%	-18.64%
2021	-26.20%	+30.52%
2020	-20.25%	+17.28%
2019	-20.29%	+31.09%
2018	-1.66%	-5.24%
2017	+63.03%	+20.78%
2016	-22.03%	+13.59%
2015	-21.75%	+1.31%
2014	-24.65%	+14.56%
2013	+14.27%	+29.00%
2012	-14.10%	+14.17%
2011	-9.02%	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+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%

TIGO vs SPY Drawdown Comparison

The maximum drawdown for TIGO was -88.28%, occurring on Oct 27, 2022. Recovery took 3663 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TIGO drawdown is -5.24%.

Rank	TIGO	SPY
#1	-88.28% Jul 29, 2011 - Apr 2, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-11.38% May 31, 2011 - Jul 20, 2011	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-6.33% Apr 13, 2026 - Apr 20, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.24% Apr 30, 2026 - May 8, 2026	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-3.10% Jul 26, 2011 - Jul 29, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.56% Apr 23, 2026 - Apr 30, 2026	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-1.01% Jul 22, 2011 - Jul 26, 2011	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-0.44% Apr 21, 2026 - Apr 23, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TIGO and SPY is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

-101

Dividend Comparison (1999 - 2026)

TIGO vs SPY dividend yield comparison.

Year	TIGO	SPY
2026	3.42%	0.24%
2025	8.12%	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	5.47%	1.75%
2018	4.15%	2.04%
2017	3.92%	1.80%
2016	6.23%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	2.66%	1.81%
2012	3.48%	2.18%
2011	2.97%	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%