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Nippon India ETF Gold BeES backtest

10 trend-following strategies were compared on the full daily history of Nippon India ETF Gold BeES. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2009-01-02 ~ 2026-07-31daily bars 4,334 (17.6 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 13.1%, drawdown -99.0%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 8.0%, MDD -21.1%, Sharpe 0.72, 53% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 8.2%, MDD -26.9%, exposure 63%.

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
ADX / DI 방향성
period=38, threshold=15
8.0%-21.1%0.720.383.9x6253%
SMA 크로스오버
fast=12, slow=83
8.2%-26.9%0.670.314.0x7263%
볼린저 밴드 돌파
n=69, k=1.3
6.6%-21.1%0.610.313.1x7249%
ROC 모멘텀
n=76, threshold=0.01
6.8%-34.8%0.560.193.2x17262%
Keltner 채널 돌파
emaPeriod=70, atrPeriod=7, mult=2.5
5.8%-23.7%0.550.252.7x6044%
Supertrend
period=24, mult=4.5
5.4%-35.1%0.520.152.5x6652%
EMA 크로스오버
fast=26, slow=36
5.6%-29.6%0.480.192.6x8263%
Parabolic SAR
step=0.005, maxStep=0.06
4.5%-37.5%0.430.122.2x12060%
Donchian 채널 돌파
entryN=39, exitN=15
4.2%-32.9%0.420.132.1x7032%
MACD
fast=19, slow=47, signal=18
3.0%-25.0%0.320.121.7x17948%
Buy and hold13.1%-99.0%0.240.138.7x1100%
0.1 1x 10x 2010 2013 2016 2019 2022 2025 SMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -25% -50% -74% -99% 2010 2013 2016 2019 2022 2025 Buy and holdSMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -21.1% (2020-08-07 → 2021-09-30), recovered after 1,336 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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