TIGO vs. DIS

Last updated Jun 4, 2026

TIGO (Millicom International Cellular S.A.) and DIS (The Walt Disney Company) are both stocks. Both are in the Communication Services sector — TIGO in Telecom Services, DIS in Entertainment. Over the past 10 years, TIGO returned 7.41%/yr vs 0.88%/yr for DIS. At a 0.26 correlation, their price movements are largely independent.

Performance

TIGO vs. DIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Millicom International Cellular S.A. (TIGO) and The Walt Disney Company (DIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIGO achieves a 61.53% return, which is significantly higher than DIS's -12.64% return. Over the past 10 years, TIGO has outperformed DIS with an annualized return of 7.41%, while DIS has yielded a comparatively lower 0.88% 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%

DIS

• 1D: -1.99%
• 1M: -1.90%
• YTD: -12.64%
• 6M: -5.37%
• 1Y: -11.54%
• 3Y*: 3.87%
• 5Y*: -10.50%
• 10Y*: 0.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIGO vs. DIS - 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%
DIS The Walt Disney Company	-12.64%	3.30%	24.44%	4.26%	-43.91%	-14.51%	25.27%	33.51%	3.61%	4.76%

Correlation

The correlation between TIGO and DIS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.26

The correlation between TIGO and DIS shifts across timeframes, from 0.08 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TIGO : $14.42B DIS : $176.12B
EPS TIGO : $7.34 DIS : $6.25
PE Ratio TIGO : 11.72 DIS : 15.90
PEG Ratio TIGO : 0.04 DIS : 0.22
PS Ratio TIGO : 2.25 DIS : 1.83
PB Ratio TIGO : 4.60 DIS : 1.62
Total Revenue (TTM) TIGO : $6.43B DIS : $97.26B
Gross Profit (TTM) TIGO : $4.49B DIS : $36.14B
EBITDA (TTM) TIGO : $3.52B DIS : $20.74B

Return for Risk

TIGO vs. DIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIGO

TIGO Risk / Return Rank: 97
TIGO Sharpe Ratio Rank: 98
TIGO Sortino Ratio Rank: 96
TIGO Omega Ratio Rank: 96
TIGO Calmar Ratio Rank: 99
TIGO Martin Ratio Rank: 99

DIS

DIS Risk / Return Rank: 21
DIS Sharpe Ratio Rank: 20
DIS Sortino Ratio Rank: 19
DIS Omega Ratio Rank: 19
DIS Calmar Ratio Rank: 25
DIS Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIGO vs. DIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Millicom International Cellular S.A. (TIGO) and The Walt Disney Company (DIS). 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	DIS	Difference
Sharpe ratio Return per unit of total volatility	4.49	-0.48	+4.97
Sortino ratio Return per unit of downside risk	4.42	-0.53	+4.95
Omega ratio Gain probability vs. loss probability	1.61	0.94	+0.67
Calmar ratio Return relative to maximum drawdown	14.51	-0.46	+14.97
Martin ratio Return relative to average drawdown	41.07	-0.96	+42.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIGO vs. DIS - Sharpe Ratio Comparison

The current TIGO Sharpe Ratio is 4.49, which is higher than the DIS Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of TIGO and DIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIGO	DIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.49	-0.48	+4.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	-0.36	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.03	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.34	-0.31

Drawdowns

TIGO vs. DIS - Drawdown Comparison

The maximum TIGO drawdown since its inception was -88.26%, roughly equal to the maximum DIS drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for TIGO and DIS.

Drawdown Indicators

	TIGO	DIS	Difference
Max Drawdown Largest peak-to-trough decline	-88.26%	-85.66%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-24.97%	+13.92%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-32.86%	+15.17%
Max Drawdown (5Y) Largest decline over 5 years	-75.92%	-57.33%	-18.59%
Max Drawdown (10Y) Largest decline over 10 years	-84.51%	-60.72%	-23.79%
Current Drawdown Current decline from peak	-3.16%	-49.62%	+46.46%
Average Drawdown Average peak-to-trough decline	-45.76%	-26.77%	-18.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	12.05%	-8.15%

Volatility

TIGO vs. DIS - Volatility Comparison

Millicom International Cellular S.A. (TIGO) has a higher volatility of 11.38% compared to The Walt Disney Company (DIS) at 9.87%. This indicates that TIGO's price experiences larger fluctuations and is considered to be riskier than DIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIGO	DIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.38%	9.87%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	27.26%	19.46%	+7.80%
Volatility (1Y) Calculated over the trailing 1-year period	35.76%	24.32%	+11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.64%	29.32%	+10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.33%	28.77%	+9.56%

Dividends

TIGO vs. DIS - Dividend Comparison

TIGO's dividend yield for the trailing twelve months is around 6.39%, more than DIS's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIS The Walt Disney Company	1.26%	1.10%	0.85%	0.33%	0.00%	0.00%	0.00%	1.22%	1.57%	1.51%	1.43%	1.30%
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. DIS - Profitability Comparison

The chart below illustrates the profitability comparison between Millicom International Cellular S.A. and The Walt Disney Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

DIS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported a gross profit of 9.27B and revenue of 25.17B. Therefore, the gross margin over that period was 36.8%.

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%.

DIS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported an operating income of 4.96B and revenue of 25.17B, resulting in an operating margin of 19.7%.

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%.

DIS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported a net income of 2.25B and revenue of 25.17B, resulting in a net margin of 8.9%.

Frequently Asked Questions

Can I hold both TIGO and DIS in my portfolio?

TIGO and DIS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIGO or DIS?

TIGO has higher volatility (11.38%) compared to DIS (9.87%). In terms of maximum drawdown, TIGO dropped -88.26% vs DIS's -85.66%.

Which has better risk-adjusted returns?

TIGO currently has the higher Sharpe Ratio (4.49 vs -0.48), 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.