Trend-Following Backtester · Guide · backtest 한국어

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Eaton Vance Tax-Managed Global Diversified Equity Income Fund backtest

10 trend-following strategies were compared on the full daily history of Eaton Vance Tax-Managed Global Diversified Equity Income Fund. 8 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.0%, MDD -3.3%).

Data 2007-04-23 ~ 2026-07-31daily bars 4,850 (19.3 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -3.7%, drawdown -76.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 1.4%, MDD -23.2%, Sharpe 0.28, 10% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 5.1%p higher than buy and hold, while drawdown improves by 52.9%p (CAGR -0.0%, MDD -3.3%, 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=135, threshold=0.14
1.4%-23.2%0.280.061.3x3810%
EMA 크로스오버
fast=47, slow=164
-0.1%-45.4%0.04-0.001.0x2748%
SMA 크로스오버
fast=84, slow=186
-0.7%-58.9%0.02-0.010.9x2749%
ADX / DI 방향성
period=22, threshold=27
-0.0%-3.3%-0.02-0.011.0x61%
볼린저 밴드 돌파
n=48, k=3.2
-0.1%-4.2%-0.06-0.011.0x21%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=20, mult=3.7
-0.8%-33.7%-0.11-0.020.9x3416%
Donchian 채널 돌파
entryN=100, exitN=38
-1.6%-49.3%-0.15-0.030.7x4333%
Supertrend
period=11, mult=4.2
-3.5%-61.6%-0.26-0.060.5x8548%
Parabolic SAR
step=0.005, maxStep=0.3
-8.0%-80.5%-0.54-0.100.2x16658%
MACD
fast=18, slow=29, signal=17
-9.5%-85.3%-0.67-0.110.1x27851%
Buy and hold-3.7%-76.1%-0.04-0.050.5x1100%
1x 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -76% 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -23.2% (2009-11-17 → 2020-09-24), recovered after 4,159 days.

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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