Trend-Following Backtester · Guide · backtest 한국어

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iShares Core 60/40 Balanced Allocation ETF backtest

10 trend-following strategies were compared on the full daily history of iShares Core 60/40 Balanced Allocation ETF. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 100% market exposure makes it hold-like.

Data 2008-11-19 ~ 2026-07-31daily bars 4,450 (17.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.3%, drawdown -25.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.2%, MDD -23.4%, Sharpe 0.60, 100% 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 100%
n=7, threshold=-0.09
6.2%-23.4%0.600.272.9x7100%
ADX / DI 방향성
period=37, threshold=30
1.7%-5.5%0.560.311.4x23%
EMA 크로스오버
fast=53, slow=82
4.1%-12.6%0.560.332.0x2774%
Donchian 채널 돌파
entryN=19, exitN=66
4.1%-17.4%0.540.242.1x4181%
SMA 크로스오버
fast=18, slow=131
2.8%-13.0%0.410.221.6x3972%
Supertrend
period=23, mult=4.9
2.4%-17.2%0.330.141.5x6568%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=16, mult=3.8
-0.2%-17.5%-0.01-0.011.0x6045%
Parabolic SAR
step=0.005, maxStep=0.34
-1.1%-34.9%-0.07-0.030.8x17063%
볼린저 밴드 돌파
n=54, k=3.1
-0.1%-2.9%-0.14-0.041.0x21%
MACD
fast=12, slow=57, signal=19
-4.2%-62.3%-0.59-0.070.5x24252%
Buy and hold6.3%-25.0%0.550.253.0x1100%
1x 2009 2012 2015 2018 2021 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -6% -12% -19% -25% 2009 2012 2015 2018 2021 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -23.4% (2021-11-08 → 2022-10-14), recovered after 1,015 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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