Trend-Following Backtester · Guide · backtest 한국어

etf · GB

3i Infrastructure PLC backtest

10 trend-following strategies were compared on the full daily history of 3i Infrastructure PLC. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2007-03-08 ~ 2026-07-31daily bars 4,901 (19.4 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.4%, drawdown -41.4%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 4.0%, MDD -44.6%, Sharpe 0.31, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 99%
n=10, threshold=-0.11
4.0%-44.6%0.310.092.1x2799%
EMA 크로스오버
fast=35, slow=143
2.1%-25.9%0.220.081.5x3175%
Donchian 채널 돌파
entryN=29, exitN=78
1.5%-43.2%0.180.031.3x3781%
SMA 크로스오버
fast=41, slow=222
1.5%-43.4%0.170.041.3x2172%
ADX / DI 방향성
period=29, threshold=33
0.0%-5.9%0.040.011.0x62%
Supertrend
period=19, mult=4.9
-1.2%-41.8%-0.03-0.030.8x5762%
볼린저 밴드 돌파
n=36, k=3.5
-1.2%-22.2%-0.35-0.050.8x224%
Parabolic SAR
step=0.005, maxStep=0.4
-4.9%-67.3%-0.36-0.070.4x16359%
MACD
fast=12, slow=40, signal=16
-7.3%-79.3%-0.54-0.090.2x27450%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=8, mult=3.6
-3.7%-56.1%-0.62-0.070.5x5015%
Buy and hold5.4%-41.4%0.360.132.7x1100%
1x 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -11% -22% -33% -45% 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -44.6% (2008-05-19 → 2009-03-09), recovered after 2,209 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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