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Vanguard Extended Duration Treasury ETF backtest

10 trend-following strategies were compared on the full daily history of Vanguard Extended Duration Treasury ETF. 9 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 2.4%, MDD -14.2%).

Data 2008-01-29 ~ 2026-07-31daily bars 4,656 (18.5 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -2.7%, drawdown -66.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.4%, MDD -14.2%, Sharpe 0.35, 4% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 5.1%p higher than buy and hold, while drawdown improves by 52.5%p (CAGR 2.4%, MDD -14.2%, exposure 4%).

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
볼린저 밴드 돌파
n=24, k=3.2
2.4%-14.2%0.350.171.5x144%
EMA 크로스오버
fast=58, slow=132
2.1%-41.2%0.210.051.5x2242%
SMA 크로스오버
fast=28, slow=79
2.0%-49.7%0.200.041.4x6048%
Supertrend
period=14, mult=5
1.2%-43.0%0.160.031.2x6042%
Donchian 채널 돌파
entryN=114, exitN=75
0.8%-37.2%0.130.021.2x2239%
MACD
fast=22, slow=57, signal=31
0.8%-30.6%0.130.031.2x12449%
Keltner 채널 돌파
emaPeriod=21, atrPeriod=21, mult=3
0.6%-30.9%0.110.021.1x5411%
ADX / DI 방향성
period=33, threshold=16
-0.1%-29.2%0.05-0.001.0x5816%
ROC 모멘텀
n=91, threshold=0.02
-1.9%-54.5%-0.04-0.030.7x17042%
Parabolic SAR
step=0.015, maxStep=0.08
-5.7%-71.7%-0.30-0.080.3x28648%
Buy and hold-2.7%-66.7%-0.01-0.040.6x1100%
1x 2009 2012 2015 2018 2021 2024 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -33% -50% -67% 2009 2012 2015 2018 2021 2024 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -14.2% (2008-12-18 → 2010-09-10), recovered after 988 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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