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Eaton Vance Limited Duration Income Fund backtest

10 trend-following strategies were compared on the full daily history of Eaton Vance Limited Duration Income Fund. 8 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.0%, MDD -0.5%).

Data 2003-06-11 ~ 2026-07-31daily bars 5,822 (23.1 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -3.4%, drawdown -60.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.8%, MDD -8.1%, Sharpe 0.34, 1% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 4.2%p higher than buy and hold, while drawdown improves by 52.4%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
ROC 모멘텀
n=12, threshold=0.1
0.8%-8.1%0.340.101.2x141%
Donchian 채널 돌파
entryN=75, exitN=60
0.3%-25.3%0.080.011.1x3843%
SMA 크로스오버
fast=16, slow=163
-0.1%-32.8%0.03-0.001.0x4250%
EMA 크로스오버
fast=45, slow=84
-0.7%-33.9%-0.05-0.020.8x4249%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=12, mult=3.2
-0.0%-1.5%-0.07-0.021.0x20%
ADX / DI 방향성
period=34, threshold=26
-0.0%-0.5%-0.12-0.041.0x20%
Supertrend
period=5, mult=3.5
-1.4%-35.5%-0.15-0.040.7x10046%
볼린저 밴드 돌파
n=46, k=3.4
-0.2%-3.4%-0.26-0.041.0x20%
MACD
fast=13, slow=39, signal=18
-6.3%-78.6%-0.70-0.080.2x30851%
Parabolic SAR
step=0.005, maxStep=0.22
-6.7%-80.6%-0.73-0.080.2x18655%
Buy and hold-3.4%-60.5%-0.12-0.060.4x1100%
1x 2004 2007 2010 2013 2016 2019 2022 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -30% -45% -61% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -8.1% (2009-01-07 → 2009-03-31), recovered after 4,110 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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