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Trend-Following Backtester · Guide · backtest 한국어

etf · DE

SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector backtest

10 trend-following strategies were compared on the full daily history of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2015-07-07 ~ 2026-07-31daily bars 2,812 (11.1 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 20.0%, drawdown -31.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 18.0%, MDD -33.3%, Sharpe 0.94, 88% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=20, exitN=71
18.0%-33.3%0.940.546.2x1788%
ROC 모멘텀
n=129, threshold=-0.13
17.6%-39.6%0.870.446.0x1794%
EMA 크로스오버
fast=44, slow=188
16.2%-31.5%0.870.515.2x1182%
SMA 크로스오버
fast=19, slow=254
15.8%-31.5%0.860.505.1x1180%
Supertrend
period=27, mult=4.8
12.5%-22.3%0.840.563.7x5463%
볼린저 밴드 돌파
n=76, k=0.4
10.6%-21.4%0.710.503.1x7468%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=23, mult=1.3
10.0%-18.0%0.700.552.9x8264%
Parabolic SAR
step=0.005, maxStep=0.16
9.2%-21.0%0.640.442.6x10261%
MACD
fast=19, slow=25, signal=18
5.7%-37.5%0.460.151.9x14651%
ADX / DI 방향성
period=10, threshold=37
1.4%-14.3%0.250.101.2x5212%
Buy and hold20.0%-31.5%0.910.647.6x1100%
1x 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% -8% -17% -25% -33% 2016 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -33.3% (2021-12-30 → 2023-01-19), recovered after 747 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.
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