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Trend-Following Backtester · Guide · backtest 한국어

etf · US

Gabelli Dividend & Income Trust backtest

10 trend-following strategies were compared on the full daily history of Gabelli Dividend & Income Trust. 4 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 3.1%, MDD -27.7%).

Data 2003-11-25 ~ 2026-07-31daily bars 5,705 (22.7 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 2.0%, drawdown -73.3%).

Sharpe leader (same as main): Supertrend — CAGR 3.1%, MDD -27.7%, Sharpe 0.33, 62% exposure.

Return/drawdown alternative: Supertrend — CAGR is 1.1%p higher than buy and hold, while drawdown improves by 45.7%p (CAGR 3.1%, MDD -27.7%, exposure 62%).

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
Supertrend
period=27, mult=5
3.1%-27.7%0.330.112.0x7962%
ROC 모멘텀
n=149, threshold=-0.07
2.4%-38.9%0.250.061.7x9376%
SMA 크로스오버
fast=40, slow=224
2.2%-48.8%0.240.041.6x3961%
Donchian 채널 돌파
entryN=37, exitN=79
2.1%-37.3%0.230.061.6x4376%
EMA 크로스오버
fast=52, slow=101
1.6%-39.9%0.200.041.4x4362%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=28, mult=3.5
0.0%-2.3%0.070.021.0x20%
ADX / DI 방향성
period=22, threshold=28
-0.1%-12.0%-0.01-0.001.0x223%
볼린저 밴드 돌파
n=58, k=2.5
-0.2%-25.2%-0.02-0.010.9x3315%
Parabolic SAR
step=0.015, maxStep=0.12
-3.8%-62.9%-0.24-0.060.4x39959%
MACD
fast=8, slow=30, signal=19
-4.2%-70.9%-0.28-0.060.4x40051%
Buy and hold2.0%-73.3%0.200.031.6x1100%
1x 2004 2007 2010 2013 2016 2019 2022 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -37% -55% -73% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdSupertrend
Supertrend maximum drawdown -27.7% (2021-09-03 → 2023-11-16), prior peak not yet recovered.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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 setupMore US assetsAll asset reports

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