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MIRAE ASSET TIGER S&P500 ETF Units backtest

10 trend-following strategies were compared on the full daily history of MIRAE ASSET TIGER S&P500 ETF Units. 0 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 13.4%, MDD -13.6%).

Data 2020-08-07 ~ 2026-07-31daily bars 1,442 (6.0 years)Costs 0.5%Venue KRXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.6%, drawdown -19.3%).

Sharpe leader (same as main): MACD — CAGR 12.7%, MDD -17.0%, Sharpe 1.40, 51% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 15.2%, MDD -20.9%, exposure 80%.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 4.9%p lower than buy and hold, while drawdown improves by 2.3%p (CAGR 13.4%, MDD -13.6%, exposure 64%).

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
MACD
fast=22, slow=51, signal=23
12.7%-17.0%1.400.752.0x4251%
Donchian 채널 돌파
entryN=54, exitN=25
13.2%-8.8%1.391.502.1x1660%
볼린저 밴드 돌파
n=63, k=1.4
12.6%-11.2%1.351.122.0x1858%
ROC 모멘텀
n=50, threshold=0.02
13.4%-13.6%1.340.982.1x3664%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=11, mult=2.3
12.7%-15.2%1.300.832.0x2263%
EMA 크로스오버
fast=47, slow=61
15.2%-20.9%1.260.732.3x980%
SMA 크로스오버
fast=14, slow=97
12.4%-19.2%1.100.652.0x1573%
Supertrend
period=23, mult=3.5
10.4%-16.1%0.960.641.8x4472%
Parabolic SAR
step=0.005, maxStep=0.24
9.3%-18.9%0.930.491.7x5266%
ADX / DI 방향성
period=32, threshold=15
4.9%-14.4%0.670.341.3x3039%
Buy and hold17.6%-19.3%1.150.912.6x1100%
1x 2021 2022 2023 2024 2025 2026 EMA 크로스오버MACDBuy and hold
MACD (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -5% -10% -16% -21% 2021 2022 2023 2024 2025 2026 Buy and holdEMA 크로스오버MACD
MACD maximum drawdown -17.0% (2022-08-19 → 2023-01-31), recovered after 521 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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