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Trend-Following Backtester · Guide · backtest 한국어

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Gryphon Capital Income Trust backtest

10 trend-following strategies were compared on the full daily history of Gryphon Capital Income Trust. 2 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 0.6%, MDD -1.1%).

Data 2018-05-25 ~ 2026-07-31daily bars 2,073 (8.2 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 0.3%, drawdown -38.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.6%, MDD -1.1%, Sharpe 0.46, 0% exposure.

CAGR reference leader: Supertrend — CAGR 1.0%, MDD -13.7%, exposure 77%.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.3%p higher than buy and hold, while drawdown improves by 37.0%p (CAGR 0.6%, MDD -1.1%, exposure 0%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
ROC 모멘텀
n=76, threshold=0.17
0.6%-1.1%0.460.571.1x20%
Supertrend
period=23, mult=4.5
1.0%-13.7%0.150.071.1x1177%
EMA 크로스오버
fast=65, slow=143
0.2%-8.5%0.070.031.0x1165%
SMA 크로스오버
fast=54, slow=150
-0.1%-11.8%0.03-0.011.0x1562%
Donchian 채널 돌파
entryN=100, exitN=64
-0.6%-9.8%-0.06-0.061.0x1145%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=14, mult=4
-0.3%-5.5%-0.09-0.061.0x24%
ADX / DI 방향성
period=28, threshold=23
-0.3%-4.8%-0.10-0.071.0x106%
볼린저 밴드 돌파
n=24, k=3.4
-0.9%-15.8%-0.20-0.050.9x82%
MACD
fast=36, slow=65, signal=43
-2.8%-29.6%-0.29-0.090.8x5151%
Parabolic SAR
step=0.01, maxStep=0.3
-4.3%-40.6%-0.37-0.110.7x8059%
Buy and hold0.3%-38.1%0.100.011.0x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 SupertrendROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -10% -19% -29% -38% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdSupertrendROC 모멘텀
ROC 모멘텀 maximum drawdown -1.1% (2020-07-14 → 2020-07-15), recovered after 2 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupMore AU assetsAll asset reports

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