MOEX Returns Matrix

1. What is this visualization?
This heatmap displays returns of MOEX stock indexes across different time periods, using colors to show the performance intensity - from deep red (significant losses) through white (neutral) to teal (significant gains). Everything is in nominal terms (not adjusted for inflation).

2. Data used in this visualization
The visualization uses historical price data from moex.com.

3. What do different indexes mean?

• IMOEX - Tracks the price of up to 50 biggest companies listed on the exchange in rubles. Does not include dividends.
• MCFTR - Tracks the same companies as IMOEX, includes dividends, doesn't include fees.
• MCFTRR - Tracks the same companies as IMOEX, includes dividends, includes fees for tax residents.
• MIPO - Tracks the prices of companies that conducted Initial Public Offering in the past 2 years.

Exchange Tradable Funds (ETFs) tracking MCFTR (all can be bought in a broker app), include reinvesting dividends and management fees. In an ideal world, they should have the same return as MCFTR minus their management fee.

• SBMX - Managed by "Pervaya" (Sber), 1.00% management fee.
• TMOS - Managed by T-Bank, 0.79% management fee.
• EQMX - Managed by VIM investments (VTB), 0.69% management fee.