Trend-Following Backtester · Guide · backtest 한국어

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Franklin U.S. Core Bond ETF backtest

10 trend-following strategies were compared on the full daily history of Franklin U.S. Core Bond ETF. 9 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.2%, MDD -1.5%).

Data 2019-09-19 ~ 2026-07-31daily bars 1,725 (6.9 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -2.6%, drawdown -25.0%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR -0.2%, MDD -3.9%, Sharpe -0.12, 5% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 2.4%p higher than buy and hold, while drawdown improves by 21.2%p (CAGR -0.2%, MDD -1.5%, exposure 1%).

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
Keltner 채널 돌파
emaPeriod=26, atrPeriod=26, mult=3.9
-0.2%-3.9%-0.12-0.051.0x65%
EMA 크로스오버
fast=76, slow=126
-0.7%-12.3%-0.23-0.061.0x1035%
Supertrend
period=16, mult=4.9
-0.9%-10.5%-0.25-0.090.9x2242%
ROC 모멘텀
n=28, threshold=0.04
-0.3%-4.2%-0.27-0.071.0x82%
볼린저 밴드 돌파
n=54, k=3.3
-0.4%-5.0%-0.32-0.081.0x44%
Donchian 채널 돌파
entryN=43, exitN=42
-1.3%-13.4%-0.39-0.100.9x1640%
SMA 크로스오버
fast=59, slow=95
-1.5%-13.9%-0.43-0.110.9x1839%
MACD
fast=35, slow=44, signal=35
-1.7%-14.5%-0.43-0.120.9x3245%
ADX / DI 방향성
period=21, threshold=35
-0.2%-1.5%-0.50-0.151.0x21%
Parabolic SAR
step=0.005, maxStep=0.08
-4.6%-28.6%-1.17-0.160.7x5646%
Buy and hold-2.6%-25.0%-0.45-0.100.8x1100%
1x 2020 2021 2022 2023 2024 2025 2026 Keltner 채널 돌파Buy and hold
Keltner 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -6% -13% -19% -25% 2020 2021 2022 2023 2024 2025 2026 Buy and holdKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -3.9% (2020-03-09 → 2024-08-07), prior peak not yet recovered.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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