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Trend-Following Backtester · Guide · backtest 한국어

etf · DE

Xtrackers MSCI World Quality UCITS ETF backtest

10 trend-following strategies were compared on the full daily history of Xtrackers MSCI World Quality 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 9.1%, MDD -24.7%).

Data 2014-09-11 ~ 2026-07-31daily bars 3,016 (11.9 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 9.4%, drawdown -32.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 11.8%, MDD -26.9%, Sharpe 0.76, 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 2.4%p higher than buy and hold, while drawdown improves by 5.3%p (CAGR 9.1%, MDD -24.7%, exposure 88%).

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=23, threshold=-0.11
11.8%-26.9%0.760.443.8x1398%
Donchian 채널 돌파
entryN=16, exitN=78
9.1%-24.7%0.650.372.8x2788%
SMA 크로스오버
fast=69, slow=135
6.3%-32.2%0.490.202.1x1971%
EMA 크로스오버
fast=22, slow=74
5.6%-28.5%0.470.201.9x3374%
Parabolic SAR
step=0.005, maxStep=0.02
3.4%-20.4%0.330.171.5x5569%
볼린저 밴드 돌파
n=78, k=1.8
2.6%-21.2%0.290.121.4x4151%
Keltner 채널 돌파
emaPeriod=70, atrPeriod=26, mult=4
1.9%-21.1%0.230.091.2x4147%
Supertrend
period=26, mult=3.2
2.0%-32.1%0.220.061.3x12569%
ADX / DI 방향성
period=30, threshold=32
0.2%-2.4%0.170.091.0x21%
MACD
fast=24, slow=37, signal=27
1.1%-27.5%0.150.041.1x11452%
Buy and hold9.4%-32.2%0.540.292.9x1100%
1x 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -8% -16% -24% -32% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -26.9% (2015-04-15 → 2016-02-11), recovered after 678 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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