Trend-Following Backtester · Guide · backtest 한국어

etf · US

WisdomTree U.S. LargeCap Dividend Fund backtest

10 trend-following strategies were compared on the full daily history of WisdomTree U.S. LargeCap Dividend Fund. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 5.7%, MDD -21.9%).

Data 2006-06-16 ~ 2026-07-31daily bars 5,062 (20.1 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.0%, drawdown -59.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 5.7%, MDD -21.9%, Sharpe 0.54, 82% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.3%p lower than buy and hold, while drawdown improves by 37.6%p (CAGR 5.7%, MDD -21.9%, exposure 82%).

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=65, exitN=105
5.7%-21.9%0.540.263.0x1982%
EMA 크로스오버
fast=41, slow=88
5.2%-22.1%0.530.232.7x3375%
SMA 크로스오버
fast=38, slow=186
5.2%-34.3%0.480.152.8x2573%
Supertrend
period=13, mult=5
3.0%-26.1%0.360.121.8x7562%
ADX / DI 방향성
period=38, threshold=30
0.3%-1.7%0.330.141.1x21%
ROC 모멘텀
n=124, threshold=-0.02
2.9%-30.2%0.320.101.8x10777%
볼린저 밴드 돌파
n=33, k=3.3
0.1%-4.4%0.160.031.0x21%
Parabolic SAR
step=0.005, maxStep=0.02
1.1%-36.5%0.160.031.3x11373%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=24, mult=1.7
0.1%-24.1%0.050.001.0x15353%
MACD
fast=19, slow=25, signal=18
-3.0%-52.1%-0.22-0.060.5x26651%
Buy and hold7.0%-59.5%0.460.123.9x1100%
1x 2007 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -30% -45% -60% 2007 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -21.9% (2020-02-12 → 2020-06-26), recovered after 418 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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