TIGO vs. AMX
TIGO (Millicom International Cellular S.A.) and AMX (América Móvil, S.A.B. de C.V.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TIGO returned 7.41%/yr vs 10.60%/yr for AMX. At a 0.27 correlation, their price movements are largely independent.
Performance
TIGO vs. AMX - Performance Comparison
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Returns By Period
In the year-to-date period, TIGO achieves a 61.53% return, which is significantly higher than AMX's 23.56% return. Over the past 10 years, TIGO has underperformed AMX with an annualized return of 7.41%, while AMX has yielded a comparatively higher 10.60% annualized return.
TIGO
- 1D
- -3.16%
- 1M
- 3.02%
- YTD
- 61.53%
- 6M
- 71.04%
- 1Y
- 159.36%
- 3Y*
- 80.49%
- 5Y*
- 18.49%
- 10Y*
- 7.41%
AMX
- 1D
- -0.66%
- 1M
- -3.66%
- YTD
- 23.56%
- 6M
- 17.86%
- 1Y
- 54.24%
- 3Y*
- 8.36%
- 5Y*
- 14.09%
- 10Y*
- 10.60%
TIGO vs. AMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIGO Millicom International Cellular S.A. | 61.53% | 152.35% | 38.94% | 42.52% | -55.61% | -26.64% | -19.59% | -20.28% | -1.32% | 66.94% |
AMX América Móvil, S.A.B. de C.V. | 23.56% | 48.56% | -20.36% | 4.60% | -9.82% | 48.68% | -6.62% | 15.01% | -15.29% | 39.13% |
Correlation
The correlation between TIGO and AMX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.27 |
Fundamentals
TIGO:
$14.42B
AMX:
$77.19B
TIGO:
$7.34
AMX:
$29.05
TIGO:
11.72
AMX:
0.88
TIGO:
0.04
AMX:
0.02
TIGO:
2.25
AMX:
0.08
TIGO:
4.60
AMX:
0.18
TIGO:
$6.43B
AMX:
$944.51B
TIGO:
$4.49B
AMX:
$453.55B
TIGO:
$3.52B
AMX:
$383.46B
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Return for Risk
TIGO vs. AMX — Risk / Return Rank
TIGO
AMX
TIGO vs. AMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Millicom International Cellular S.A. (TIGO) and América Móvil, S.A.B. de C.V. (AMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TIGO | AMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.38 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 14.51 | 3.55 | +10.96 |
| Martin ratioReturn relative to average drawdown | 41.07 | 9.72 | +31.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIGO | AMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.49 | 2.11 | +2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.55 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.37 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.32 | -0.29 |
Drawdowns
TIGO vs. AMX - Drawdown Comparison
The maximum TIGO drawdown since its inception was -88.26%, which is greater than AMX's maximum drawdown of -64.34%. Use the drawdown chart below to compare losses from any high point for TIGO and AMX.
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Drawdown Indicators
| TIGO | AMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -64.34% | -23.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -15.36% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -36.73% | +19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -75.92% | -38.08% | -37.84% |
Max Drawdown (10Y)Largest decline over 10 years | -84.51% | -44.45% | -40.06% |
Current DrawdownCurrent decline from peak | -3.16% | -6.86% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -45.76% | -24.12% | -21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 5.60% | -1.70% |
Volatility
TIGO vs. AMX - Volatility Comparison
Millicom International Cellular S.A. (TIGO) has a higher volatility of 11.38% compared to América Móvil, S.A.B. de C.V. (AMX) at 5.52%. This indicates that TIGO's price experiences larger fluctuations and is considered to be riskier than AMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGO | AMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 5.52% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 20.24% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 25.85% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.64% | 25.73% | +13.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.33% | 29.01% | +9.32% |
Dividends
TIGO vs. AMX - Dividend Comparison
TIGO's dividend yield for the trailing twelve months is around 6.39%, more than AMX's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMX América Móvil, S.A.B. de C.V. | 2.17% | 2.68% | 3.59% | 2.83% | 4.41% | 1.88% | 2.49% | 2.29% | 2.24% | 1.91% | 2.27% | 8.55% |
TIGO Millicom International Cellular S.A. | 6.39% | 8.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.47% | 4.15% | 3.92% | 6.23% | 0.00% |
Financials
TIGO vs. AMX - Financials Comparison
This section allows you to compare key financial metrics between Millicom International Cellular S.A. and América Móvil, S.A.B. de C.V.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TIGO vs. AMX - Profitability Comparison
TIGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Millicom International Cellular S.A. reported a gross profit of 1.04B and revenue of 1.98B. Therefore, the gross margin over that period was 52.3%.
AMX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported a gross profit of 148.31B and revenue of 236.84B. Therefore, the gross margin over that period was 62.6%.
TIGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Millicom International Cellular S.A. reported an operating income of 389.00M and revenue of 1.98B, resulting in an operating margin of 19.6%.
AMX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported an operating income of 50.52B and revenue of 236.84B, resulting in an operating margin of 21.3%.
TIGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Millicom International Cellular S.A. reported a net income of 109.00M and revenue of 1.98B, resulting in a net margin of 5.5%.
AMX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported a net income of 23.40B and revenue of 236.84B, resulting in a net margin of 9.9%.
Frequently Asked Questions
TIGO and AMX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIGO has higher volatility (11.38%) compared to AMX (5.52%). In terms of maximum drawdown, TIGO dropped -88.26% vs AMX's -64.34%.
TIGO currently has the higher Sharpe Ratio (4.49 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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