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MIRAE ASSET TIGER HOLDINGS COMPANY ETF backtest

10 trend-following strategies were compared on the full daily history of MIRAE ASSET TIGER HOLDINGS COMPANY ETF. 3 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 10.0%, MDD -19.6%).

Data 2018-11-08 ~ 2026-07-31daily bars 1,860 (7.7 years)Costs 0.5%Venue KRXMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 8.7%, drawdown -44.8%).

Sharpe leader (same as main): Supertrend — CAGR 10.0%, MDD -19.6%, Sharpe 0.66, 52% exposure.

Return/drawdown alternative: Supertrend — CAGR is 1.3%p higher than buy and hold, while drawdown improves by 25.1%p (CAGR 10.0%, MDD -19.6%, exposure 52%).

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
Supertrend
period=12, mult=2.1
10.0%-19.6%0.660.512.1x10452%
ADX / DI 방향성
period=33, threshold=11
9.6%-20.7%0.620.462.0x5637%
MACD
fast=13, slow=50, signal=16
8.3%-29.3%0.570.281.9x7446%
SMA 크로스오버
fast=13, slow=193
8.9%-33.9%0.510.261.9x1546%
Parabolic SAR
step=0.005, maxStep=0.12
7.5%-32.7%0.500.231.7x6250%
Keltner 채널 돌파
emaPeriod=11, atrPeriod=17, mult=1.9
5.2%-17.3%0.500.301.5x5419%
Donchian 채널 돌파
entryN=18, exitN=63
8.6%-29.5%0.490.291.9x2273%
ROC 모멘텀
n=188, threshold=0
7.9%-33.9%0.470.231.8x2546%
EMA 크로스오버
fast=57, slow=207
6.7%-33.9%0.420.201.6x947%
볼린저 밴드 돌파
n=22, k=1.5
4.1%-31.8%0.340.131.4x7435%
Buy and hold8.7%-44.8%0.460.191.9x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -11% -22% -34% -45% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -19.6% (2026-02-26 → 2026-04-01), prior peak not yet recovered.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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