Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI EAFE Growth ETF backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI EAFE Growth ETF. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2005-08-05 ~ 2026-07-31daily bars 5,279 (21.0 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.2%, drawdown -59.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 0.2%, MDD -2.2%, Sharpe 0.33, 1% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 3.0%, MDD -21.9%, exposure 66%.

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
볼린저 밴드 돌파
n=14, k=3.3
0.2%-2.2%0.330.091.0x21%
EMA 크로스오버
fast=21, slow=65
3.0%-21.9%0.300.141.9x7166%
Supertrend
period=18, mult=4.4
2.1%-31.1%0.230.071.5x10564%
Donchian 채널 돌파
entryN=29, exitN=71
2.0%-31.0%0.210.071.5x5174%
Parabolic SAR
step=0.005, maxStep=0.02
1.9%-30.3%0.210.061.5x10267%
SMA 크로스오버
fast=20, slow=146
1.8%-27.3%0.210.071.5x5164%
ROC 모멘텀
n=45, threshold=-0.09
2.0%-43.9%0.200.051.5x10791%
ADX / DI 방향성
period=35, threshold=27
0.1%-4.3%0.140.031.0x21%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=8, mult=4
0.0%-2.8%0.060.011.0x20%
MACD
fast=22, slow=43, signal=30
-2.3%-50.4%-0.12-0.050.6x18451%
Buy and hold4.2%-59.7%0.300.072.4x1100%
1x 2006 2009 2012 2015 2018 2021 2024 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -15% -30% -45% -60% 2006 2009 2012 2015 2018 2021 2024 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -2.2% (2017-06-02 → 2017-06-12), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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