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iShares Currency Hedged MSCI EAFE ETF backtest

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

Data 2014-02-14 ~ 2026-07-31daily bars 3,133 (12.5 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.2%, drawdown -32.4%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.6%, MDD -4.3%, Sharpe 0.49, 10% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 4.0%, MDD -27.1%, exposure 64%.

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=76, k=2.9
1.6%-4.3%0.490.381.2x410%
SMA 크로스오버
fast=33, slow=209
4.0%-27.1%0.400.151.6x1764%
EMA 크로스오버
fast=56, slow=212
3.4%-24.0%0.360.141.5x961%
ADX / DI 방향성
period=18, threshold=33
0.5%-2.2%0.340.211.1x42%
ROC 모멘텀
n=59, threshold=-0.09
2.9%-33.7%0.270.091.4x4193%
Donchian 채널 돌파
entryN=94, exitN=89
1.0%-32.4%0.150.031.1x1954%
Supertrend
period=36, mult=3.9
-1.5%-41.4%-0.06-0.040.8x9369%
Parabolic SAR
step=0.02, maxStep=0.02
-2.0%-42.8%-0.12-0.050.8x7769%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=26, mult=3.2
-1.5%-32.5%-0.14-0.050.8x4936%
MACD
fast=17, slow=44, signal=18
-5.1%-52.7%-0.47-0.100.5x15649%
Buy and hold5.2%-32.4%0.390.161.9x1100%
1x 2015 2017 2019 2021 2023 2025 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -8% -16% -24% -32% 2015 2017 2019 2021 2023 2025 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -4.3% (2017-06-19 → 2020-11-12), recovered after 1,276 days.

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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