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Trend-Following Backtester · Guide · backtest 한국어

etf · US

Overlay Shares Large Cap Equity ETF backtest

10 trend-following strategies were compared on the full daily history of Overlay Shares Large Cap Equity ETF. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 12.6%, MDD -23.6%).

Data 2019-10-01 ~ 2026-07-31daily bars 1,717 (6.8 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.6%, drawdown -35.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 12.6%, MDD -23.6%, Sharpe 0.79, 86% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.0%p lower than buy and hold, while drawdown improves by 11.9%p (CAGR 12.6%, MDD -23.6%, exposure 86%).

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=114, threshold=-0.11
12.6%-23.6%0.790.532.3x2186%
EMA 크로스오버
fast=50, slow=159
10.6%-15.6%0.790.682.0x769%
SMA 크로스오버
fast=21, slow=153
9.7%-20.3%0.740.481.9x1369%
Donchian 채널 돌파
entryN=14, exitN=61
8.2%-33.7%0.570.241.7x2285%
Supertrend
period=14, mult=4.9
4.5%-25.5%0.430.181.4x3261%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=23, mult=4
2.9%-13.7%0.340.211.2x2043%
Parabolic SAR
step=0.005, maxStep=0.28
2.8%-22.5%0.280.131.2x6864%
볼린저 밴드 돌파
n=37, k=2.8
0.4%-3.0%0.250.151.0x23%
ADX / DI 방향성
period=21, threshold=20
0.9%-23.8%0.160.041.1x4022%
MACD
fast=10, slow=69, signal=17
0.1%-30.6%0.070.001.0x9051%
Buy and hold12.6%-35.5%0.640.362.3x1100%
1x 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -27% -35% 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -23.6% (2025-02-19 → 2025-04-22), recovered after 422 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 setupMore US assetsAll asset reports

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