Trend-Following Backtester · Guide · backtest 한국어

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Vanguard ESG International Stock ETF backtest

10 trend-following strategies were compared on the full daily history of Vanguard ESG International Stock ETF. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 6.1%, MDD -17.9%).

Data 2018-09-20 ~ 2026-07-31daily bars 1,975 (7.9 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 5.8%, drawdown -34.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.4%, MDD -18.5%, Sharpe 0.56, 71% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 0.7%p higher than buy and hold, while drawdown improves by 16.0%p (CAGR 6.1%, MDD -17.9%, exposure 63%).

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
Donchian 채널 돌파
entryN=41, exitN=88
6.4%-18.5%0.560.351.6x1371%
SMA 크로스오버
fast=49, slow=78
6.1%-17.9%0.540.341.6x1963%
ROC 모멘텀
n=52, threshold=-0.04
5.5%-25.4%0.470.221.5x4981%
EMA 크로스오버
fast=31, slow=167
4.2%-19.3%0.390.221.4x1567%
볼린저 밴드 돌파
n=55, k=0.5
3.6%-24.4%0.380.151.3x5857%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=24, mult=1.1
2.9%-18.0%0.330.161.3x6656%
Supertrend
period=28, mult=4.5
3.0%-32.7%0.310.091.3x4166%
ADX / DI 방향성
period=34, threshold=11
-0.8%-18.5%-0.05-0.040.9x6237%
MACD
fast=12, slow=55, signal=9
-1.4%-30.5%-0.08-0.050.9x12849%
Parabolic SAR
step=0.015, maxStep=0.36
-4.0%-35.1%-0.29-0.110.7x15156%
Buy and hold5.8%-34.5%0.400.171.6x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -17% -26% -34% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -18.5% (2024-09-26 → 2025-05-08), recovered after 483 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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