Trend-Following Backtester · Guide · backtest 한국어

etf · US

iShares U.S. Telecommunications ETF backtest

10 trend-following strategies were compared on the full daily history of iShares U.S. Telecommunications ETF. 8 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.0%, MDD -6.5%).

Data 2000-05-26 ~ 2026-07-31daily bars 6,583 (26.2 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -1.2%, drawdown -79.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 3.6%, MDD -43.8%, Sharpe 0.33, 68% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 4.7%p higher than buy and hold, while drawdown improves by 35.7%p (CAGR 0.0%, MDD -6.5%, exposure 1%).

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=187, threshold=-0.05
3.6%-43.8%0.330.082.5x9968%
SMA 크로스오버
fast=43, slow=196
3.0%-40.9%0.290.072.2x3558%
EMA 크로스오버
fast=57, slow=160
2.7%-42.3%0.280.062.0x3157%
Donchian 채널 돌파
entryN=44, exitN=57
1.9%-54.1%0.210.031.6x5457%
볼린저 밴드 돌파
n=38, k=3.1
0.5%-6.6%0.200.081.1x83%
Supertrend
period=15, mult=5
-0.2%-47.4%0.04-0.001.0x8646%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=26, mult=1.7
-0.1%-59.1%0.04-0.001.0x15040%
ADX / DI 방향성
period=24, threshold=35
0.0%-6.5%0.010.001.0x61%
Parabolic SAR
step=0.005, maxStep=0.24
-5.0%-82.1%-0.29-0.060.3x24256%
MACD
fast=18, slow=22, signal=17
-7.9%-89.4%-0.48-0.090.1x38252%
Buy and hold-1.2%-79.5%0.06-0.010.7x1100%
1x 2001 2005 2009 2013 2017 2021 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 2001 2005 2009 2013 2017 2021 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -43.8% (2014-07-29 → 2024-06-13), recovered after 4,210 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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