Trend-Following Backtester · Guide · backtest 한국어

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Invesco Variable Rate Investment Grade ETF backtest

10 trend-following strategies were compared on the full daily history of Invesco Variable Rate Investment Grade ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 0.3%, MDD -0.5%).

Data 2016-09-22 ~ 2026-07-31daily bars 2,477 (9.9 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR -0.0%, drawdown -14.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.3%, MDD -0.5%, Sharpe 0.55, 0% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.3%p higher than buy and hold, while drawdown improves by 13.8%p (CAGR 0.3%, MDD -0.5%, exposure 0%).

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=5, threshold=0.02
0.3%-0.5%0.550.611.0x20%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=20, mult=4
-0.1%-2.6%-0.12-0.031.0x410%
볼린저 밴드 돌파
n=74, k=3.2
-0.1%-1.1%-0.17-0.051.0x24%
EMA 크로스오버
fast=48, slow=159
-0.4%-4.3%-0.30-0.101.0x1055%
Donchian 채널 돌파
entryN=84, exitN=105
-0.5%-4.9%-0.35-0.101.0x1062%
SMA 크로스오버
fast=58, slow=206
-1.1%-10.2%-0.40-0.110.9x1251%
ADX / DI 방향성
period=34, threshold=27
-0.2%-1.9%-0.40-0.081.0x43%
Supertrend
period=22, mult=5
-1.3%-14.7%-0.85-0.090.9x2856%
Parabolic SAR
step=0.005, maxStep=0.38
-3.1%-27.0%-1.72-0.120.7x7054%
MACD
fast=17, slow=50, signal=18
-7.7%-54.8%-3.50-0.140.5x15245%
Buy and hold-0.0%-14.3%0.01-0.001.0x1100%
1x 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -4% -7% -11% -14% 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -0.5% (2020-04-09 → 2020-04-13), prior peak not yet recovered.

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 setupAll asset reports

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