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Trend-Following Backtester · Guide · backtest 한국어

etf · US

iShares U.S. Financial Services ETF backtest

10 trend-following strategies were compared on the full daily history of iShares U.S. Financial Services ETF. 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 4.0%, MDD -30.5%).

Data 2000-06-21 ~ 2026-07-31daily bars 6,566 (26.1 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.9%, drawdown -82.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.0%, MDD -30.5%, Sharpe 0.37, 53% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.9%p lower than buy and hold, while drawdown improves by 52.4%p (CAGR 4.0%, MDD -30.5%, exposure 53%).

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=108, exitN=61
4.0%-30.5%0.370.132.8x3753%
SMA 크로스오버
fast=14, slow=130
3.5%-35.8%0.310.102.5x7963%
EMA 크로스오버
fast=15, slow=198
3.3%-34.4%0.300.102.3x6165%
ADX / DI 방향성
period=24, threshold=37
0.4%-5.8%0.250.081.1x41%
ROC 모멘텀
n=135, threshold=0.02
2.1%-36.7%0.220.061.7x20357%
Parabolic SAR
step=0.01, maxStep=0.02
1.0%-51.0%0.150.021.3x15164%
Supertrend
period=12, mult=2.9
0.9%-50.4%0.140.021.3x22162%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=9, mult=3.9
0.3%-9.7%0.140.031.1x102%
볼린저 밴드 돌파
n=33, k=3.5
0.2%-6.1%0.140.031.1x41%
MACD
fast=17, slow=50, signal=17
-3.9%-78.8%-0.13-0.050.4x30951%
Buy and hold4.9%-82.9%0.310.063.5x1100%
1x 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% -21% -41% -62% -83% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -30.5% (2009-10-14 → 2010-08-30), recovered after 1,308 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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