Trend-Following Backtester · Guide · backtest 한국어

etf · US

iShares Core U.S. Aggregate Bond ETF backtest

10 trend-following strategies were compared on the full daily history of iShares Core U.S. Aggregate Bond ETF. 4 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 0.0%, MDD -0.5%).

Data 2003-09-29 ~ 2026-07-31daily bars 5,746 (22.8 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR -0.2%, drawdown -23.4%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 0.1%, MDD -2.1%, Sharpe 0.19, 1% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.3%p higher than buy and hold, while drawdown improves by 21.3%p (CAGR 0.0%, MDD -0.5%, exposure 0%).

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
ADX / DI 방향성
period=47, threshold=25
0.1%-2.1%0.190.041.0x21%
ROC 모멘텀
n=49, threshold=0.11
0.0%-0.5%0.100.041.0x20%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=10, mult=3.7
-0.0%-2.6%-0.06-0.011.0x41%
SMA 크로스오버
fast=54, slow=191
-0.4%-12.1%-0.09-0.030.9x2853%
볼린저 밴드 돌파
n=33, k=3.5
-0.0%-1.9%-0.13-0.021.0x20%
EMA 크로스오버
fast=22, slow=151
-0.6%-18.0%-0.14-0.030.9x4454%
Supertrend
period=29, mult=5
-0.8%-20.3%-0.21-0.040.8x6852%
Donchian 채널 돌파
entryN=158, exitN=74
-0.7%-14.7%-0.25-0.050.9x2636%
MACD
fast=23, slow=55, signal=49
-2.4%-43.4%-0.68-0.060.6x13648%
Parabolic SAR
step=0.005, maxStep=0.06
-4.4%-63.9%-1.22-0.070.4x19852%
Buy and hold-0.2%-23.4%-0.02-0.010.9x1100%
1x 2004 2007 2010 2013 2016 2019 2022 2025 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -6% -12% -18% -23% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -2.1% (2019-08-30 → 2019-09-13), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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