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Direxion Daily Semiconductor Bull 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily Semiconductor Bull 3X ETF. 1 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 38.1%, MDD -71.8%).

Data 2010-03-11 ~ 2026-07-31daily bars 4,123 (16.4 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 36.9%, drawdown -90.5%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 38.1%, MDD -71.8%, Sharpe 0.83, 64% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 1.1%p higher than buy and hold, while drawdown improves by 18.7%p (CAGR 38.1%, MDD -71.8%, exposure 64%).

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
SMA 크로스오버
fast=6, slow=144
38.1%-71.8%0.830.53197.4x4564%
EMA 크로스오버
fast=43, slow=137
35.2%-75.5%0.790.47140.5x2165%
Donchian 채널 돌파
entryN=38, exitN=67
33.6%-70.9%0.770.47115.1x3073%
ROC 모멘텀
n=102, threshold=-0.01
28.5%-76.5%0.720.3760.6x15565%
MACD
fast=10, slow=83, signal=23
22.1%-76.0%0.630.2926.2x19054%
ADX / DI 방향성
period=34, threshold=7
19.0%-58.0%0.600.3317.3x24051%
Supertrend
period=29, mult=4.7
18.6%-64.8%0.590.2916.4x7054%
볼린저 밴드 돌파
n=30, k=2.4
15.7%-62.4%0.570.2511.0x7226%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=21, mult=1.1
17.2%-75.4%0.570.2313.5x14654%
Parabolic SAR
step=0.015, maxStep=0.22
2.0%-88.6%0.340.021.4x33054%
Buy and hold36.9%-90.5%0.810.41172.8x1100%
1x 10x 100x 2011 2013 2015 2017 2019 2021 2023 2025 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -45% -68% -91% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -71.8% (2018-03-12 → 2019-06-17), recovered after 995 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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