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Direxion Daily Semiconductor Bear 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily Semiconductor Bear 3X ETF. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -5.2%, MDD -60.8%).

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

10 of 10 beat buy and hold (CAGR -75.6%, drawdown -100.0%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR -5.2%, MDD -60.8%, Sharpe -0.04, 3% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 70.4%p higher than buy and hold, while drawdown improves by 39.2%p (CAGR -5.2%, MDD -60.8%, exposure 3%).

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
ADX / DI 방향성
period=36, threshold=18
-5.2%-60.8%-0.04-0.080.4x183%
Keltner 채널 돌파
emaPeriod=38, atrPeriod=24, mult=3.8
-10.6%-84.3%-0.16-0.130.2x183%
Donchian 채널 돌파
entryN=104, exitN=8
-10.9%-87.3%-0.17-0.120.2x183%
SMA 크로스오버
fast=39, slow=150
-15.2%-96.8%-0.19-0.160.1x1811%
ROC 모멘텀
n=124, threshold=0.13
-12.0%-91.4%-0.20-0.130.1x746%
볼린저 밴드 돌파
n=45, k=2.6
-16.0%-94.8%-0.23-0.170.1x307%
Supertrend
period=28, mult=4.8
-24.7%-99.4%-0.25-0.250.0x4419%
EMA 크로스오버
fast=54, slow=67
-19.2%-97.2%-0.29-0.200.0x2012%
MACD
fast=15, slow=38, signal=8
-59.1%-100.0%-0.64-0.590.0x26357%
Parabolic SAR
step=0.02, maxStep=0.24
-46.3%-100.0%-0.66-0.460.0x38737%
Buy and hold-75.6%-100.0%-0.89-0.760.0x1100%
1e-10 1e-9 1e-8 1e-7 0.000001 0.00001 0.0001 0.001 0.01 0.1 1x 2011 2013 2015 2017 2019 2021 2023 2025 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -60.8% (2011-03-16 → 2024-08-20), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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