Trend-Following Backtester · Guide · backtest 한국어

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iShares S&P 500 Fundo de Investimento em Cotas de Fundo de Indice - Investimento no Exterior backtest

10 trend-following strategies were compared on the full daily history of iShares S&P 500 Fundo de Investimento em Cotas de Fundo de Indice - Investimento no Exterior. 0 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 16.2%, MDD -16.8%).

Data 2014-04-29 ~ 2026-07-31daily bars 3,050 (12.3 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 20.8%, drawdown -30.7%).

Sharpe leader (same as main): Supertrend — CAGR 16.2%, MDD -16.8%, Sharpe 1.10, 74% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 19.8%, MDD -31.7%, exposure 98%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: Supertrend — CAGR is 4.6%p lower than buy and hold, while drawdown improves by 14.0%p (CAGR 16.2%, MDD -16.8%, exposure 74%).

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=9, mult=4.4
16.2%-16.8%1.100.976.3x3574%
ROC 모멘텀
Hold-like · Exposure 98%
n=13, threshold=-0.09
19.8%-31.7%1.080.639.2x1998%
EMA 크로스오버
fast=42, slow=115
17.5%-27.8%1.050.637.2x1777%
Donchian 채널 돌파
entryN=45, exitN=55
16.4%-22.5%1.040.736.4x1977%
SMA 크로스오버
fast=18, slow=78
15.0%-26.2%0.960.575.6x3772%
ADX / DI 방향성
period=31, threshold=15
10.8%-19.3%0.850.563.5x7253%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=16, mult=2.2
8.9%-21.1%0.740.422.8x6454%
볼린저 밴드 돌파
n=44, k=1.2
7.4%-30.0%0.620.252.4x9458%
Parabolic SAR
step=0.005, maxStep=0.34
7.5%-33.9%0.590.222.4x10861%
MACD
fast=12, slow=52, signal=18
6.3%-32.4%0.540.202.1x14650%
Buy and hold20.8%-30.7%1.070.6810.2x1100%
1x 10x 2015 2017 2019 2021 2023 2025 ROC 모멘텀SupertrendBuy and hold
Supertrend (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -8% -16% -24% -32% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀Supertrend
Supertrend maximum drawdown -16.8% (2021-12-29 → 2022-12-23), recovered after 761 days.

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 setupAll asset reports

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