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Direxion Daily 20-Yr Treasury Bull 3x Shrs backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily 20-Yr Treasury Bull 3x Shrs. 10 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 3.5%, MDD -42.0%).

Data 2009-04-16 ~ 2026-07-31daily bars 4,350 (17.3 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -8.6%, drawdown -94.1%).

Sharpe leader (same as main): MACD — CAGR 6.5%, MDD -55.7%, Sharpe 0.36, 50% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 15.1%p higher than buy and hold, while drawdown improves by 38.4%p (CAGR 3.5%, MDD -42.0%, exposure 10%).

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
MACD
fast=36, slow=46, signal=26
6.5%-55.7%0.360.123.0x10050%
SMA 크로스오버
fast=18, slow=185
5.3%-58.3%0.320.092.5x3244%
볼린저 밴드 돌파
n=29, k=2.8
3.5%-42.0%0.280.081.8x3210%
Donchian 채널 돌파
entryN=118, exitN=45
3.8%-54.2%0.270.071.9x2429%
EMA 크로스오버
fast=59, slow=185
3.7%-57.3%0.270.061.9x1838%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=21, mult=3.8
2.1%-51.7%0.200.041.4x4216%
ROC 모멘텀
n=90, threshold=0.06
1.0%-64.2%0.180.021.2x16838%
ADX / DI 방향성
period=39, threshold=11
1.1%-61.0%0.170.021.2x9631%
Supertrend
period=11, mult=4.9
0.3%-67.8%0.160.001.1x5842%
Parabolic SAR
step=0.005, maxStep=0.38
-4.8%-76.2%-0.01-0.060.4x14645%
Buy and hold-8.6%-94.1%0.02-0.090.2x1100%
1x 2010 2013 2016 2019 2022 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -47% -71% -94% 2010 2013 2016 2019 2022 2025 Buy and holdMACD
MACD maximum drawdown -55.7% (2020-03-09 → 2023-11-06), prior peak not yet recovered.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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