^IMOEX vs. CNYA
^IMOEX (MOEX Russia Index) is an index, while CNYA (iShares MSCI China A ETF) is China Equities fund tracking the MSCI China A Inclusion Index. Over the past 5 years, ^IMOEX returned -7.49%/yr vs -0.97%/yr for CNYA. At a 0.07 correlation, their price movements are largely independent.
Performance
^IMOEX vs. CNYA - Performance Comparison
Loading charts...
Different Trading Currencies
^IMOEX is traded in RUB, while CNYA is traded in USD. To make them comparable, the CNYA values have been converted to RUB using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^IMOEX achieves a -6.75% return, which is significantly lower than CNYA's 1.07% return.
^IMOEX
- 1D
- -0.82%
- 1M
- -2.44%
- YTD
- -6.75%
- 6M
- -2.91%
- 1Y
- -9.05%
- 3Y*
- -1.43%
- 5Y*
- -7.49%
- 10Y*
- 3.02%
CNYA
- 1D
- -0.89%
- 1M
- -0.94%
- YTD
- 1.07%
- 6M
- 9.57%
- 1Y
- 26.31%
- 3Y*
- 7.74%
- 5Y*
- -0.97%
- 10Y*
- —
^IMOEX vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^IMOEX MOEX Russia Index | -6.75% | -4.04% | -6.97% | 43.87% | -43.12% | 15.15% | 7.98% | 29.14% | 11.79% | -5.51% |
CNYA iShares MSCI China A ETF | 1.07% | -8.84% | 36.05% | 6.29% | -29.02% | 5.05% | 68.80% | 21.83% | -11.83% | 22.69% |
Correlation
The correlation between ^IMOEX and CNYA is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^IMOEX vs. CNYA — Risk / Return Rank
^IMOEX
CNYA
^IMOEX vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MOEX Russia Index (^IMOEX) and iShares MSCI China A ETF (CNYA). 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.
| ^IMOEX | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.21 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.15 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.97 | 5.09 | -6.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ^IMOEX | CNYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | 1.16 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.03 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.25 | +0.08 |
Drawdowns
^IMOEX vs. CNYA - Drawdown Comparison
The maximum ^IMOEX drawdown since its inception was -83.89%, which is greater than CNYA's maximum drawdown of -68.10%. Use the drawdown chart below to compare losses from any high point for ^IMOEX and CNYA.
Loading charts...
Drawdown Indicators
| ^IMOEX | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.89% | -68.10% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -17.77% | -12.29% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -40.32% | +8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -55.29% | -68.10% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -55.29% | — | — |
Current DrawdownCurrent decline from peak | -39.83% | -41.69% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -21.01% | -26.23% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 5.18% | +4.03% |
Volatility
^IMOEX vs. CNYA - Volatility Comparison
The current volatility for MOEX Russia Index (^IMOEX) is 4.89%, while iShares MSCI China A ETF (CNYA) has a volatility of 7.93%. This indicates that ^IMOEX experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^IMOEX | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 7.93% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 16.33% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 22.80% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 37.39% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.65% | 31.17% | -7.52% |
Frequently Asked Questions
^IMOEX and CNYA have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYA has higher volatility (7.93%) compared to ^IMOEX (4.89%). In terms of maximum drawdown, ^IMOEX dropped -83.89% vs CNYA's -68.10%.
CNYA currently has the higher Sharpe Ratio (1.16 vs -0.49), 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.
Find the right allocation for ^IMOEX and CNYA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer