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Trend-Following Backtester · Guide · backtest 한국어

etf · JP

Nomura - NEXT FUNDS For. Equity MSCI-KOKUSAI ETF (2513) backtest

10 trend-following strategies were compared on the full daily history of Nomura - NEXT FUNDS For. Equity MSCI-KOKUSAI ETF (2513). 0 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 14.1%, MDD -22.8%).

Data 2017-12-06 ~ 2026-07-31daily bars 2,125 (8.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 15.8%, drawdown -34.9%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 14.0%, MDD -34.9%, Sharpe 0.83, 76% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 14.1%, MDD -22.8%, exposure 95%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.8%p lower than buy and hold, while drawdown improves by 0.0%p (CAGR 14.1%, MDD -22.8%, exposure 95%).

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
SMA 크로스오버
fast=64, slow=442
14.0%-34.9%0.830.403.1x376%
Donchian 채널 돌파
entryN=7, exitN=91
14.1%-22.8%0.790.623.1x1995%
ROC 모멘텀
Hold-like · Exposure 99%
n=7, threshold=-0.09
13.1%-30.0%0.730.442.9x1999%
볼린저 밴드 돌파
n=47, k=0.9
7.3%-18.2%0.620.401.8x5763%
MACD
fast=20, slow=139, signal=31
6.3%-28.0%0.570.221.7x5055%
EMA 크로스오버
fast=38, slow=169
8.4%-32.8%0.570.262.0x1380%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=9, mult=0.7
5.1%-28.0%0.440.181.5x7370%
ADX / DI 방향성
period=36, threshold=12
2.6%-27.9%0.310.091.2x5744%
Parabolic SAR
step=0.005, maxStep=0.3
1.7%-33.3%0.190.051.2x7366%
Supertrend
period=17, mult=5
0.5%-40.1%0.110.011.0x5369%
Buy and hold15.8%-34.9%0.800.453.6x1100%
1x 2018 2020 2022 2024 2026 Donchian 채널 돌파SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -9% -17% -26% -35% 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파SMA 크로스오버
SMA 크로스오버 maximum drawdown -34.9% (2020-02-20 → 2020-03-19), recovered after 390 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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.
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