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Trend-Following Backtester · Guide · backtest 한국어

etf · CA

iShares Core Growth ETF Portfolio backtest

10 trend-following strategies were compared on the full daily history of iShares Core Growth ETF Portfolio. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 3.4%, MDD -13.3%).

Data 2007-06-21 ~ 2026-07-31daily bars 4,796 (19.1 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 3.4%, drawdown -50.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.4%, MDD -13.3%, Sharpe 0.47, 60% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.7%, MDD -21.1%, exposure 70%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.1%p higher than buy and hold, while drawdown improves by 36.8%p (CAGR 3.4%, MDD -13.3%, exposure 60%).

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=68, exitN=71
3.4%-13.3%0.470.261.9x2760%
EMA 크로스오버
fast=28, slow=158
3.7%-18.0%0.460.212.0x2571%
SMA 크로스오버
fast=19, slow=212
3.7%-21.1%0.450.182.0x2370%
ROC 모멘텀
n=80, threshold=-0.03
1.1%-34.9%0.160.031.2x12578%
ADX / DI 방향성
period=36, threshold=30
0.0%-1.7%0.020.011.0x21%
볼린저 밴드 돌파
n=29, k=3.1
-0.0%-3.5%-0.01-0.001.0x42%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=11, mult=3.5
-0.5%-28.4%-0.05-0.020.9x8643%
Supertrend
period=29, mult=3.8
-3.5%-63.5%-0.22-0.060.5x17167%
Parabolic SAR
step=0.005, maxStep=0.18
-4.7%-64.8%-0.44-0.070.4x17060%
MACD
fast=18, slow=25, signal=18
-6.4%-73.2%-0.73-0.090.3x27450%
Buy and hold3.4%-50.1%0.280.071.9x1100%
1x 2008 2011 2014 2017 2020 2023 2026 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -13% -25% -38% -50% 2008 2011 2014 2017 2020 2023 2026 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -13.3% (2010-01-11 → 2012-11-15), recovered after 1,606 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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