Trend-Following Backtester · Guide · backtest 한국어

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iShares IV PLC - iShares MSCI EMU CTB Enhanced ESG UCITS ETF Accum Shs Unhedged EUR backtest

10 trend-following strategies were compared on the full daily history of iShares IV PLC - iShares MSCI EMU CTB Enhanced ESG UCITS ETF Accum Shs Unhedged EUR. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 11.3%, MDD -25.2%).

Data 2019-04-16 ~ 2026-07-31daily bars 1,852 (7.3 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 10.5%, drawdown -35.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 11.3%, MDD -25.2%, Sharpe 0.82, 86% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.7%p higher than buy and hold, while drawdown improves by 10.1%p (CAGR 11.3%, MDD -25.2%, exposure 86%).

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=80, threshold=-0.07
11.3%-25.2%0.820.452.2x2386%
EMA 크로스오버
fast=46, slow=114
7.5%-29.3%0.600.261.7x776%
SMA 크로스오버
fast=25, slow=161
7.1%-30.8%0.580.231.7x971%
Donchian 채널 돌파
entryN=101, exitN=79
5.0%-17.6%0.470.281.4x1168%
Supertrend
period=26, mult=5
4.7%-32.4%0.420.151.4x3573%
MACD
fast=15, slow=52, signal=17
3.5%-16.3%0.390.221.3x8049%
ADX / DI 방향성
period=35, threshold=25
0.8%-5.9%0.240.131.1x47%
Parabolic SAR
step=0.005, maxStep=0.38
0.1%-23.6%0.070.001.0x6862%
볼린저 밴드 돌파
n=28, k=2.9
0.2%-7.1%0.060.021.0x66%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=15, mult=2.7
-1.0%-21.8%-0.07-0.040.9x4842%
Buy and hold10.5%-35.3%0.640.302.1x1100%
1x 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -26% -35% 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -25.2% (2022-01-05 → 2022-10-12), recovered after 750 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 setupAll asset reports

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