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Trend-Following Backtester · Guide · backtest 한국어

equity · US

TPG RE Finance Trust, Inc. backtest

10 trend-following strategies were compared on the full daily history of TPG RE Finance Trust, Inc.. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 1.5%, MDD -6.8%).

Data 2017-07-20 ~ 2026-07-31daily bars 2,270 (9.0 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -9.5%, drawdown -88.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 4.4%, MDD -15.7%, Sharpe 0.34, 18% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 13.9%p higher than buy and hold, while drawdown improves by 72.3%p (CAGR 1.5%, MDD -6.8%, exposure 2%).

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=72, threshold=0.11
4.4%-15.7%0.340.281.5x4818%
Keltner 채널 돌파
emaPeriod=11, atrPeriod=17, mult=2.6
1.5%-6.8%0.310.221.1x62%
볼린저 밴드 돌파
n=18, k=3
1.3%-7.5%0.280.171.1x42%
Parabolic SAR
step=0.02, maxStep=0.2
2.4%-55.8%0.220.041.2x19052%
MACD
fast=7, slow=40, signal=10
-0.0%-51.5%0.14-0.001.0x19651%
SMA 크로스오버
fast=48, slow=88
0.2%-50.2%0.120.001.0x2547%
Donchian 채널 돌파
entryN=105, exitN=52
-0.3%-22.4%0.06-0.011.0x1036%
Supertrend
period=23, mult=2.4
-1.8%-46.3%0.05-0.040.9x7849%
EMA 크로스오버
fast=47, slow=184
-1.2%-33.0%0.01-0.040.9x1443%
ADX / DI 방향성
period=33, threshold=12
-3.8%-43.6%-0.16-0.090.7x6826%
Buy and hold-9.5%-88.0%0.07-0.110.4x1100%
1x 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -15.7% (2024-05-17 → 2024-08-15), 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 setupMore US assetsAll asset reports

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