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Trend-Following Backtester · Guide · backtest 한국어

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NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund backtest

10 trend-following strategies were compared on the full daily history of NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 9.2%, MDD -30.0%).

Data 2013-03-04 ~ 2026-07-31daily bars 3,298 (13.4 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.6%, drawdown -41.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 9.2%, MDD -30.0%, Sharpe 0.69, 78% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 1.4%p lower than buy and hold, while drawdown improves by 11.3%p (CAGR 9.2%, MDD -30.0%, exposure 78%).

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
n=167, threshold=-0.06
9.2%-30.0%0.690.313.3x3578%
SMA 크로스오버
fast=45, slow=171
8.7%-33.9%0.670.263.0x1565%
EMA 크로스오버
fast=23, slow=192
8.2%-28.8%0.640.282.9x1970%
Donchian 채널 돌파
entryN=64, exitN=103
7.0%-34.7%0.570.202.5x1371%
Supertrend
period=26, mult=4.4
6.3%-26.0%0.570.242.3x6565%
ADX / DI 방향성
period=16, threshold=23
2.1%-19.7%0.350.111.3x8020%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=34, mult=2.1
2.5%-22.8%0.330.111.4x7937%
볼린저 밴드 돌파
n=26, k=3.1
0.9%-10.4%0.320.091.1x84%
Parabolic SAR
step=0.015, maxStep=0.32
2.0%-34.5%0.230.061.3x22560%
MACD
fast=11, slow=26, signal=11
-0.5%-43.5%0.01-0.010.9x23353%
Buy and hold10.6%-41.3%0.650.263.9x1100%
1x 2014 2016 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -10% -21% -31% -41% 2014 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -30.0% (2018-01-24 → 2020-11-13), recovered after 1,967 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 setupMore JP assetsAll asset reports

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