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ICICI Prudential Nifty 100 Low Volatility 30 ETF backtest

10 trend-following strategies were compared on the full daily history of ICICI Prudential Nifty 100 Low Volatility 30 ETF. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 10.6%, MDD -13.1%).

Data 2018-05-11 ~ 2026-07-31daily bars 1,860 (8.2 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.6%, drawdown -28.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.4%, MDD -15.9%, Sharpe 1.25, 58% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 10.7%, MDD -15.8%, exposure 68%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 2.2%p lower than buy and hold, while drawdown improves by 12.2%p (CAGR 10.6%, MDD -13.1%, exposure 66%).

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=57, exitN=48
10.4%-15.9%1.250.662.3x258%
SMA 크로스오버
fast=21, slow=139
10.6%-13.1%1.240.812.3x1166%
EMA 크로스오버
fast=25, slow=71
10.7%-15.8%1.160.682.3x1768%
ROC 모멘텀
n=144, threshold=0.13
6.4%-13.7%1.090.461.7x3033%
Supertrend
period=21, mult=1.7
9.9%-20.6%1.020.482.2x2965%
볼린저 밴드 돌파
n=47, k=2.6
5.3%-11.8%0.980.451.5x1426%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=19, mult=0.8
5.8%-22.0%0.780.261.6x3349%
MACD
fast=14, slow=45, signal=17
6.6%-19.1%0.720.351.7x7151%
ADX / DI 방향성
period=30, threshold=28
3.7%-15.7%0.560.231.3x925%
Parabolic SAR
step=0.01, maxStep=0.14
4.5%-19.4%0.490.231.4x10359%
Buy and hold12.6%-28.1%0.860.452.7x1100%
1x 2019 2020 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% -7% -14% -21% -28% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdEMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -15.9% (2021-10-18 → 2022-06-17), recovered after 407 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.
Re-run the same setupAll asset reports

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