TIGO vs. ENLT
TIGO (Millicom International Cellular S.A.) and ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) are both stocks. TIGO operates in Telecom Services (Communication Services), while ENLT operates in Utilities - Renewable (Utilities). Over the past 3 years, TIGO returned 85.55%/yr vs 70.38%/yr for ENLT. At a 0.15 correlation, their price movements are largely independent.
Performance
TIGO vs. ENLT - Performance Comparison
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Returns By Period
In the year-to-date period, TIGO achieves a 64.89% return, which is significantly lower than ENLT's 99.21% return.
TIGO
- 1D
- 2.94%
- 1M
- 2.35%
- YTD
- 64.89%
- 6M
- 69.92%
- 1Y
- 166.71%
- 3Y*
- 85.55%
- 5Y*
- 20.57%
- 10Y*
- 7.92%
ENLT
- 1D
- 5.96%
- 1M
- -1.83%
- YTD
- 99.21%
- 6M
- 100.58%
- 1Y
- 316.56%
- 3Y*
- 70.38%
- 5Y*
- —
- 10Y*
- —
TIGO vs. ENLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TIGO Millicom International Cellular S.A. | 64.89% | 152.35% | 38.94% | -3.28% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 99.21% | 163.61% | -9.90% | 6.93% |
Correlation
The correlation between TIGO and ENLT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.16 |
Fundamentals
TIGO:
$14.72B
ENLT:
$13.28B
TIGO:
$7.34
ENLT:
$0.68
TIGO:
11.97
ENLT:
133.64
TIGO:
0.04
ENLT:
0.67
TIGO:
2.29
ENLT:
15.39
TIGO:
4.69
ENLT:
6.26
TIGO:
$6.43B
ENLT:
$813.08M
TIGO:
$4.49B
ENLT:
$446.15M
TIGO:
$3.52B
ENLT:
$670.45M
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Return for Risk
TIGO vs. ENLT — Risk / Return Rank
TIGO
ENLT
TIGO vs. ENLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Millicom International Cellular S.A. (TIGO) and Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIGO | ENLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.61 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 15.18 | 12.74 | +2.44 |
| Martin ratioReturn relative to average drawdown | 41.82 | 51.47 | -9.64 |
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Drawdowns
TIGO vs. ENLT - Drawdown Comparison
The maximum TIGO drawdown since its inception was -88.26%, which is greater than ENLT's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for TIGO and ENLT.
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Drawdown Indicators
| TIGO | ENLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -39.32% | -48.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -25.03% | +13.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -39.17% | +21.48% |
Max Drawdown (5Y)Largest decline over 5 years | -75.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -84.51% | — | — |
Current DrawdownCurrent decline from peak | -6.30% | -15.70% | +9.40% |
Average DrawdownAverage peak-to-trough decline | -45.60% | -11.91% | -33.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 6.18% | -2.18% |
Volatility
TIGO vs. ENLT - Volatility Comparison
The current volatility for Millicom International Cellular S.A. (TIGO) is 13.80%, while Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a volatility of 25.58%. This indicates that TIGO experiences smaller price fluctuations and is considered to be less risky than ENLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGO | ENLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.80% | 25.58% | -11.78% |
Volatility (6M)Calculated over the trailing 6-month period | 29.08% | 47.00% | -17.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.10% | 55.92% | -18.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 45.29% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.26% | 45.29% | -7.03% |
Dividends
TIGO vs. ENLT - Dividend Comparison
TIGO's dividend yield for the trailing twelve months is around 6.26%, while ENLT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGO Millicom International Cellular S.A. | 6.26% | 8.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.47% | 4.15% | 3.92% | 6.23% |
Financials
TIGO vs. ENLT - Financials Comparison
This section allows you to compare key financial metrics between Millicom International Cellular S.A. and Enlight Renewable Energy Ltd. Ordinary Shares. 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. ENLT - 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%.
ENLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a gross profit of 112.21M and revenue of 156.49M. Therefore, the gross margin over that period was 71.7%.
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%.
ENLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported an operating income of 81.63M and revenue of 156.49M, resulting in an operating margin of 52.2%.
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%.
ENLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a net income of 24.07M and revenue of 156.49M, resulting in a net margin of 15.4%.
Frequently Asked Questions
TIGO and ENLT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (25.58%) compared to TIGO (13.80%). In terms of maximum drawdown, TIGO dropped -88.26% vs ENLT's -39.32%.
ENLT currently has the higher Sharpe Ratio (5.71 vs 4.52), 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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