Trend-Following Backtester · Guide · backtest 한국어

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Yuanta Daily Taiwan 50 Bear -1X ETF backtest

10 trend-following strategies were compared on the full daily history of Yuanta Daily Taiwan 50 Bear -1X ETF. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR -2.9%, MDD -31.2%).

Data 2014-10-23 ~ 2026-07-31daily bars 2,870 (11.8 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -5.4%, drawdown -87.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.1%, MDD -56.0%, Sharpe 0.26, 19% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 15.5%p higher than buy and hold, while drawdown improves by 31.1%p (CAGR -2.9%, MDD -31.2%, exposure 16%).

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
n=92, threshold=0
10.1%-56.0%0.260.183.1x6019%
Donchian 채널 돌파
entryN=40, exitN=71
9.6%-60.2%0.260.163.0x2334%
EMA 크로스오버
fast=10, slow=41
9.2%-64.2%0.260.142.8x6326%
Supertrend
period=23, mult=3
8.4%-61.2%0.250.142.6x9127%
볼린저 밴드 돌파
n=37, k=1.4
8.1%-62.6%0.250.132.5x6921%
Parabolic SAR
step=0.025, maxStep=0.04
6.9%-67.1%0.240.102.2x10530%
ADX / DI 방향성
period=43, threshold=5
4.9%-71.8%0.230.071.7x10132%
MACD
fast=22, slow=40, signal=24
2.0%-75.0%0.220.031.3x10347%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=9, mult=4
-0.9%-31.3%-0.08-0.030.9x106%
SMA 크로스오버
fast=10, slow=152
-2.9%-31.2%-0.26-0.090.7x1616%
Buy and hold-5.4%-87.1%0.18-0.060.5x1100%
1x 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -65% -87% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -56.0% (2015-04-27 → 2024-11-22), recovered after 3,507 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.
Re-run the same setupAll asset reports

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