Trend-Following Backtester · Guide · backtest 한국어

etf · CA

iShares S&P/TSX Capped Financials Index ETF backtest

10 trend-following strategies were compared on the full daily history of iShares S&P/TSX Capped Financials Index ETF. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.0%, MDD -29.4%).

Data 2001-03-29 ~ 2026-07-31daily bars 6,364 (25.3 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.2%, drawdown -58.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.0%, MDD -29.4%, Sharpe 0.67, 75% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.3%p lower than buy and hold, while drawdown improves by 29.5%p (CAGR 7.0%, MDD -29.4%, exposure 75%).

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
Donchian 채널 돌파
entryN=26, exitN=51
7.0%-29.4%0.670.245.5x6775%
EMA 크로스오버
fast=19, slow=163
6.3%-27.9%0.670.224.7x4771%
SMA 크로스오버
fast=11, slow=148
6.0%-30.3%0.650.204.4x6767%
Keltner 채널 돌파
emaPeriod=74, atrPeriod=24, mult=2.9
4.8%-21.1%0.610.233.3x8550%
볼린저 밴드 돌파
n=70, k=1.4
4.9%-24.6%0.600.203.4x9954%
Supertrend
period=10, mult=5
5.3%-36.6%0.560.153.7x8961%
ROC 모멘텀
n=182, threshold=0.06
3.9%-24.6%0.510.162.6x14352%
ADX / DI 방향성
period=28, threshold=26
1.4%-9.5%0.440.141.4x2912%
Parabolic SAR
step=0.005, maxStep=0.32
0.4%-58.1%0.090.011.1x23661%
MACD
fast=29, slow=56, signal=15
-0.5%-50.5%0.00-0.010.9x25452%
Buy and hold8.2%-58.9%0.530.147.4x1100%
1x 2002 2006 2010 2014 2018 2022 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -29% -44% -59% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -29.4% (2022-02-10 → 2023-11-28), recovered after 1,233 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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

Read next