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Trend-Following Backtester · Guide · backtest 한국어

etf · CA

Vanguard S&P 500 Index ETF (CAD-hedged) backtest

10 trend-following strategies were compared on the full daily history of Vanguard S&P 500 Index ETF (CAD-hedged). 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2012-11-08 ~ 2026-07-31daily bars 3,445 (13.7 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.1%, drawdown -35.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.7%, MDD -29.8%, Sharpe 0.78, 90% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Donchian 채널 돌파
entryN=20, exitN=77
9.7%-29.8%0.780.323.5x2390%
EMA 크로스오버
fast=39, slow=42
7.4%-25.7%0.690.292.7x3980%
SMA 크로스오버
fast=8, slow=190
6.8%-22.3%0.640.302.5x2778%
ROC 모멘텀
n=48, threshold=-0.09
7.9%-35.4%0.620.222.8x5194%
Supertrend
period=11, mult=5
4.7%-22.8%0.560.211.9x6161%
Parabolic SAR
step=0.005, maxStep=0.02
4.5%-25.7%0.470.181.8x7273%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=10, mult=2.9
1.2%-29.0%0.180.041.2x7250%
볼린저 밴드 돌파
n=29, k=3
0.2%-4.2%0.180.051.0x21%
ADX / DI 방향성
period=39, threshold=22
-0.1%-10.4%-0.04-0.011.0x63%
MACD
fast=17, slow=49, signal=16
-0.8%-32.9%-0.05-0.020.9x16852%
Buy and hold12.1%-35.8%0.770.344.8x1100%
1x 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -27% -36% 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -29.8% (2021-12-29 → 2022-11-03), recovered after 924 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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.
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