Trend-Following Backtester · Guide · backtest 한국어

etf · US

DNP Select Income Fund, Inc. backtest

10 trend-following strategies were compared on the full daily history of DNP Select Income Fund, Inc.. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 0.2%, MDD -9.8%).

Data 1987-01-21 ~ 2026-07-31daily bars 9,957 (39.5 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 0.1%, drawdown -54.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.2%, MDD -9.8%, Sharpe 0.08, 1% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.0%p higher than buy and hold, while drawdown improves by 45.0%p (CAGR 0.2%, MDD -9.8%, exposure 1%).

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=13, threshold=0.1
0.2%-9.8%0.080.021.1x361%
SMA 크로스오버
fast=55, slow=223
0.1%-53.0%0.070.001.0x4961%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=15, mult=3.2
0.1%-4.0%0.060.011.0x41%
Donchian 채널 돌파
entryN=70, exitN=71
-0.6%-42.9%0.00-0.010.8x6754%
EMA 크로스오버
fast=29, slow=181
-0.7%-40.5%-0.00-0.020.8x6960%
ADX / DI 방향성
period=36, threshold=39
-0.0%-3.3%-0.02-0.011.0x41%
볼린저 밴드 돌파
n=57, k=3.5
-0.4%-19.3%-0.14-0.020.8x143%
Supertrend
period=26, mult=3.8
-2.5%-71.9%-0.15-0.040.4x12164%
Parabolic SAR
step=0.01, maxStep=0.12
-2.8%-76.6%-0.19-0.040.3x42456%
MACD
fast=26, slow=75, signal=36
-3.2%-73.4%-0.23-0.040.3x26953%
Buy and hold0.1%-54.8%0.100.001.1x1100%
1x 1988 1993 1998 2003 2008 2013 2018 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -27% -41% -55% 1988 1993 1998 2003 2008 2013 2018 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -9.8% (2009-02-09 → 2015-10-26), 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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