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Trend-Following Backtester · Guide · backtest 한국어

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ProShares Russell 2000 Dividend Growers ETF backtest

10 trend-following strategies were compared on the full daily history of ProShares Russell 2000 Dividend Growers ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2015-02-05 ~ 2026-07-31daily bars 2,888 (11.5 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 5.9%, drawdown -34.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.4%, MDD -25.2%, Sharpe 0.44, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 99%
n=21, threshold=-0.15
6.4%-25.2%0.440.262.0x799%
Donchian 채널 돌파
entryN=7, exitN=56
4.7%-28.6%0.360.171.7x3991%
SMA 크로스오버
fast=54, slow=167
1.9%-36.0%0.210.051.2x1962%
볼린저 밴드 돌파
n=24, k=3.4
0.4%-11.1%0.120.041.0x104%
EMA 크로스오버
fast=52, slow=199
0.3%-31.9%0.090.011.0x1967%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=27, mult=3.1
0.2%-7.5%0.080.031.0x144%
Supertrend
period=10, mult=4.8
-1.2%-35.6%-0.04-0.030.9x4952%
MACD
fast=21, slow=50, signal=20
-2.0%-40.4%-0.10-0.050.8x11546%
ADX / DI 방향성
period=26, threshold=28
-0.2%-3.9%-0.10-0.051.0x42%
Parabolic SAR
step=0.015, maxStep=0.12
-2.4%-34.4%-0.11-0.070.8x20156%
Buy and hold5.9%-34.5%0.380.171.9x1100%
1x 2016 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -17% -26% -34% 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -25.2% (2019-12-20 → 2020-05-14), recovered after 391 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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