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Nippon India ETF Nifty IT backtest

10 trend-following strategies were compared on the full daily history of Nippon India ETF Nifty IT. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 12.6%, MDD -18.6%).

Data 2020-06-30 ~ 2026-07-31daily bars 1,511 (6.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.7%, drawdown -42.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.6%, MDD -18.6%, Sharpe 0.96, 43% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 13.1%, MDD -28.8%, exposure 61%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.1%p lower than buy and hold, while drawdown improves by 23.6%p (CAGR 12.6%, MDD -18.6%, exposure 43%).

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=56, exitN=19
12.6%-18.6%0.960.682.1x1443%
Keltner 채널 돌파
emaPeriod=43, atrPeriod=21, mult=3.4
9.3%-11.8%0.910.791.7x1024%
볼린저 밴드 돌파
n=47, k=1.8
11.2%-22.5%0.900.501.9x2543%
EMA 크로스오버
fast=29, slow=37
13.1%-28.8%0.880.462.1x2161%
ADX / DI 방향성
period=27, threshold=33
9.1%-14.5%0.830.631.7x1024%
Supertrend
period=19, mult=1.6
11.1%-16.8%0.820.661.9x6747%
ROC 모멘텀
n=86, threshold=0.05
9.6%-16.3%0.780.591.8x3745%
MACD
fast=11, slow=23, signal=17
11.0%-18.6%0.780.591.9x7749%
SMA 크로스오버
fast=12, slow=30
9.8%-31.9%0.680.311.8x4757%
Parabolic SAR
step=0.01, maxStep=0.14
5.8%-30.2%0.450.191.4x8753%
Buy and hold14.7%-42.1%0.750.352.3x1100%
1x 2021 2022 2023 2024 2025 2026 EMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -11% -21% -32% -42% 2021 2022 2023 2024 2025 2026 Buy and holdEMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -18.6% (2024-12-13 → 2026-02-05), prior peak not yet recovered.

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.
Re-run the same setupAll asset reports

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