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Trend-Following Backtester · Guide · backtest 한국어

etf · DE

Deka MSCI World UCITS ETF backtest

10 trend-following strategies were compared on the full daily history of Deka MSCI World UCITS ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 98% market exposure makes it hold-like. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 10.3%, MDD -24.4%).

Data 2018-09-05 ~ 2026-07-31daily bars 2,006 (7.9 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 10.9%, drawdown -33.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 12.7%, MDD -23.9%, Sharpe 0.90, 98% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.9%p higher than buy and hold, while drawdown improves by 10.1%p (CAGR 10.3%, MDD -24.4%, 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
Hold-like · Exposure 98%
n=11, threshold=-0.09
12.7%-23.9%0.900.532.6x1198%
Donchian 채널 돌파
entryN=21, exitN=74
10.3%-24.4%0.840.422.2x1386%
EMA 크로스오버
fast=12, slow=44
6.5%-16.3%0.620.401.6x3574%
SMA 크로스오버
fast=11, slow=101
6.4%-22.3%0.610.291.6x2373%
Supertrend
period=29, mult=3.4
5.0%-15.5%0.510.331.5x6568%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=17, mult=3.6
3.0%-11.3%0.430.271.3x3145%
ADX / DI 방향성
period=25, threshold=32
0.5%-1.7%0.370.301.0x22%
볼린저 밴드 돌파
n=58, k=2.1
2.4%-16.7%0.360.141.2x2640%
Parabolic SAR
step=0.005, maxStep=0.16
2.3%-20.2%0.280.111.2x7465%
MACD
fast=13, slow=56, signal=16
2.0%-16.6%0.250.121.2x10653%
Buy and hold10.9%-33.9%0.720.322.3x1100%
1x 2019 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% -8% -17% -25% -34% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -23.9% (2025-02-19 → 2025-04-22), recovered after 441 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.
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