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USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund backtest

10 trend-following strategies were compared on the full daily history of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund. 6 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 10.9%, MDD -18.5%).

Data 2018-05-04 ~ 2026-07-31daily bars 2,071 (8.2 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 3.2%, drawdown -46.6%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.9%, MDD -18.5%, Sharpe 0.79, 61% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 7.7%p higher than buy and hold, while drawdown improves by 28.1%p (CAGR 10.9%, MDD -18.5%, exposure 61%).

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=138, threshold=-0.03
10.9%-18.5%0.790.592.4x2161%
SMA 크로스오버
fast=53, slow=96
8.8%-19.1%0.710.462.0x1353%
EMA 크로스오버
fast=47, slow=102
7.9%-26.4%0.610.301.9x1154%
볼린저 밴드 돌파
n=72, k=2
6.0%-23.3%0.560.261.6x2036%
ADX / DI 방향성
period=39, threshold=20
2.4%-12.6%0.450.191.2x1013%
Keltner 채널 돌파
emaPeriod=86, atrPeriod=22, mult=4
4.3%-24.0%0.420.181.4x2139%
Donchian 채널 돌파
entryN=47, exitN=74
4.9%-25.2%0.410.201.5x1963%
Supertrend
period=34, mult=4.8
-0.4%-31.6%0.03-0.011.0x5353%
MACD
fast=22, slow=69, signal=23
-1.0%-48.7%0.01-0.020.9x5753%
Parabolic SAR
step=0.025, maxStep=0.16
-5.2%-46.0%-0.33-0.110.6x16853%
Buy and hold3.2%-46.6%0.260.071.3x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -12% -23% -35% -47% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -18.5% (2022-06-09 → 2022-07-14), recovered after 666 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 setupMore US assetsAll asset reports

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