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TSE Growth 250 ETF backtest

10 trend-following strategies were compared on the full daily history of TSE Growth 250 ETF. 9 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR -0.0%, MDD -3.8%).

Data 2018-01-30 ~ 2026-07-31daily bars 2,086 (8.5 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -6.9%, drawdown -64.4%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 1.5%, MDD -9.3%, Sharpe 0.26, 3% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.4%p higher than buy and hold, while drawdown improves by 55.2%p (CAGR -0.0%, MDD -3.8%, exposure 1%).

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=20, threshold=25
1.5%-9.3%0.260.161.1x143%
MACD
fast=11, slow=59, signal=19
0.3%-40.9%0.120.011.0x9849%
SMA 크로스오버
fast=26, slow=218
0.4%-44.1%0.110.011.0x1237%
Supertrend
period=13, mult=3.7
-0.5%-44.3%0.06-0.011.0x4241%
볼린저 밴드 돌파
n=14, k=3.1
-0.0%-3.8%-0.01-0.011.0x21%
Donchian 채널 돌파
entryN=87, exitN=30
-1.7%-40.8%-0.05-0.040.9x1623%
ROC 모멘텀
n=85, threshold=0.1
-1.5%-35.9%-0.07-0.040.9x5016%
EMA 크로스오버
fast=59, slow=96
-3.8%-48.1%-0.13-0.080.7x1637%
Keltner 채널 돌파
emaPeriod=24, atrPeriod=26, mult=3
-1.8%-34.8%-0.17-0.050.9x229%
Parabolic SAR
step=0.01, maxStep=0.26
-8.2%-51.6%-0.34-0.160.5x11250%
Buy and hold-6.9%-64.4%-0.07-0.110.5x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -32% -48% -64% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -9.3% (2020-04-20 → 2020-05-14), recovered after 30 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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