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Trend-Following Backtester · Guide · backtest 한국어

etf · NL

Vanguard FTSE Developed Europe UCITS ETF backtest

10 trend-following strategies were compared on the full daily history of Vanguard FTSE Developed Europe UCITS ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2013-05-21 ~ 2026-07-31daily bars 3,376 (13.2 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 5.4%, drawdown -35.6%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.7%, MDD -27.5%, Sharpe 0.50, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Hold-like · Exposure 99%
n=19, threshold=-0.13
6.7%-27.5%0.500.242.4x599%
볼린저 밴드 돌파
n=52, k=3
1.1%-4.6%0.470.241.2x46%
Keltner 채널 돌파
emaPeriod=14, atrPeriod=25, mult=3.2
0.6%-2.0%0.440.301.1x42%
Donchian 채널 돌파
entryN=104, exitN=50
2.2%-13.4%0.310.161.3x2342%
SMA 크로스오버
fast=56, slow=135
1.8%-43.8%0.210.041.3x2964%
ADX / DI 방향성
period=19, threshold=36
0.3%-3.5%0.190.081.0x41%
EMA 크로스오버
fast=49, slow=159
1.1%-29.6%0.150.041.2x1767%
Supertrend
period=25, mult=3.5
0.2%-28.0%0.070.011.0x10760%
MACD
fast=23, slow=73, signal=30
-3.4%-43.6%-0.33-0.080.6x12052%
Parabolic SAR
step=0.02, maxStep=0.26
-7.2%-65.4%-0.65-0.110.4x30358%
Buy and hold5.4%-35.6%0.400.152.0x1100%
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% -9% -18% -27% -36% 2014 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -27.5% (2015-04-15 → 2016-02-11), recovered after 1,738 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.
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