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GF CSI Innovative Drug Industry ETF backtest

10 trend-following strategies were compared on the full daily history of GF CSI Innovative Drug Industry ETF. 9 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 1.7%, MDD -4.7%).

Data 2020-12-03 ~ 2026-07-31daily bars 1,356 (5.7 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -7.9%, drawdown -62.5%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 1.7%, MDD -4.7%, Sharpe 0.39, 2% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.2%, MDD -25.6%, exposure 25%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 9.6%p higher than buy and hold, while drawdown improves by 57.9%p (CAGR 1.7%, MDD -4.7%, exposure 2%).

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
ADX / DI 방향성
period=22, threshold=31
1.7%-4.7%0.390.361.1x22%
SMA 크로스오버
fast=58, slow=282
3.2%-25.6%0.330.131.2x425%
볼린저 밴드 돌파
n=26, k=3.3
2.1%-16.1%0.280.131.1x22%
Donchian 채널 돌파
entryN=122, exitN=75
2.6%-21.5%0.270.121.2x220%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=10, mult=2.9
1.4%-16.2%0.180.081.1x1013%
EMA 크로스오버
fast=47, slow=175
0.4%-19.5%0.090.021.0x622%
Supertrend
period=17, mult=1.5
-0.8%-35.2%0.06-0.021.0x9244%
MACD
fast=18, slow=56, signal=18
-1.7%-41.1%0.01-0.040.9x4946%
ROC 모멘텀
n=111, threshold=0.13
-3.0%-29.5%-0.25-0.100.8x2212%
Parabolic SAR
step=0.01, maxStep=0.36
-10.5%-60.3%-0.46-0.170.5x7845%
Buy and hold-7.9%-62.5%-0.16-0.130.6x1100%
1x 2021 2022 2023 2024 2025 2026 SMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -16% -31% -47% -63% 2021 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -4.7% (2025-08-25 → 2025-08-28), recovered after 7 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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