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Trend-Following Backtester · Guide · backtest 한국어

etf · TW

Fuh Hwa FTSE Mortgage REITs ETF backtest

10 trend-following strategies were compared on the full daily history of Fuh Hwa FTSE Mortgage REITs ETF. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.4%, MDD -6.1%).

Data 2017-08-09 ~ 2026-07-31daily bars 2,183 (9.0 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -8.7%, drawdown -66.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 1.9%, MDD -9.2%, Sharpe 0.41, 10% exposure.

CAGR reference leader: MACD — CAGR 3.3%, MDD -29.8%, exposure 52%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 10.6%p higher than buy and hold, while drawdown improves by 57.2%p (CAGR 0.4%, MDD -6.1%, exposure 2%).

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=130, threshold=0.14
1.9%-9.2%0.410.211.2x2610%
볼린저 밴드 돌파
n=32, k=3.5
1.3%-6.8%0.390.201.1x44%
MACD
fast=9, slow=22, signal=16
3.3%-29.8%0.290.111.3x13052%
ADX / DI 방향성
period=37, threshold=22
0.4%-6.1%0.170.061.0x62%
Supertrend
period=22, mult=3.9
-0.9%-36.0%0.03-0.030.9x7652%
Donchian 채널 돌파
entryN=15, exitN=17
-0.5%-26.7%0.02-0.021.0x7154%
EMA 크로스오버
fast=7, slow=23
-1.3%-33.3%-0.05-0.040.9x8551%
Parabolic SAR
step=0.015, maxStep=0.14
-2.8%-38.6%-0.10-0.070.8x12451%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=12, mult=2.6
-1.6%-24.1%-0.13-0.070.9x4433%
SMA 크로스오버
fast=64, slow=148
-7.5%-61.2%-0.42-0.120.5x2036%
Buy and hold-8.7%-66.3%-0.19-0.130.4x1100%
1x 2018 2020 2022 2024 2026 MACDROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -17% -33% -50% -66% 2018 2020 2022 2024 2026 Buy and holdMACDROC 모멘텀
ROC 모멘텀 maximum drawdown -9.2% (2021-06-10 → 2026-01-15), prior peak not yet recovered.

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 setupMore TW assetsAll asset reports

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