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Trend-Following Backtester · Guide · backtest 한국어

etf · US

iShares MSCI Sweden ETF backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI Sweden ETF. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 5.5%, MDD -46.5%).

Data 1996-03-18 ~ 2026-07-31daily bars 7,642 (30.4 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.4%, drawdown -79.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.9%, MDD -47.4%, Sharpe 0.46, 76% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 3.4%p higher than buy and hold, while drawdown improves by 32.6%p (CAGR 5.5%, MDD -46.5%, exposure 59%).

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=52, exitN=136
7.9%-47.4%0.460.179.9x3176%
볼린저 밴드 돌파
n=62, k=3
2.9%-25.0%0.420.122.4x1811%
EMA 크로스오버
fast=37, slow=191
5.8%-46.6%0.400.125.5x3762%
SMA 크로스오버
fast=64, slow=116
5.5%-46.5%0.380.125.0x5659%
ROC 모멘텀
n=127, threshold=-0.03
3.1%-66.1%0.250.052.5x19968%
Supertrend
period=36, mult=5
2.0%-55.2%0.200.041.8x14060%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=17, mult=2.3
0.4%-54.6%0.100.011.1x17845%
MACD
fast=40, slow=74, signal=41
-0.1%-57.6%0.09-0.001.0x17650%
ADX / DI 방향성
period=31, threshold=17
-0.3%-42.5%0.00-0.010.9x8414%
Parabolic SAR
step=0.005, maxStep=0.36
-2.5%-79.6%-0.03-0.030.5x26356%
Buy and hold4.4%-79.9%0.300.063.7x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.4% (2000-03-03 → 2003-03-12), recovered after 1,435 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 setupMore US assetsAll asset reports

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