Trend-Following Backtester · Guide · backtest 한국어

etf · CA

iShares Core S&P 500 Index ETF backtest

10 trend-following strategies were compared on the full daily history of iShares Core S&P 500 Index ETF. 0 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 13.5%, MDD -19.7%).

Data 2013-04-15 ~ 2026-07-31daily bars 3,338 (13.3 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 15.0%, drawdown -27.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.5%, MDD -19.7%, Sharpe 1.10, 89% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.6%p lower than buy and hold, while drawdown improves by 7.5%p (CAGR 13.5%, MDD -19.7%, exposure 89%).

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=17, exitN=60
13.5%-19.7%1.100.685.4x2589%
EMA 크로스오버
fast=24, slow=59
10.7%-19.5%0.960.553.9x3179%
ROC 모멘텀
n=74, threshold=-0.04
10.1%-20.2%0.850.503.6x5587%
SMA 크로스오버
fast=19, slow=152
9.9%-23.1%0.840.433.5x2177%
Supertrend
period=26, mult=5
6.7%-13.6%0.690.492.4x5570%
Keltner 채널 돌파
emaPeriod=76, atrPeriod=22, mult=1.5
5.3%-19.4%0.570.272.0x7971%
Parabolic SAR
step=0.005, maxStep=0.08
4.9%-17.8%0.540.271.9x12065%
ADX / DI 방향성
period=38, threshold=5
4.6%-20.4%0.500.231.8x14469%
볼린저 밴드 돌파
n=59, k=0.7
3.5%-21.3%0.400.161.6x10467%
MACD
fast=24, slow=45, signal=13
0.2%-27.0%0.070.011.0x17052%
Buy and hold15.0%-27.2%0.970.556.4x1100%
1x 2014 2016 2018 2020 2022 2024 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -7% -14% -20% -27% 2014 2016 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -19.7% (2021-12-29 → 2022-07-13), recovered after 611 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.
Re-run the same setupAll asset reports

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