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Multi Units LU Amundi MSCI Korea ETF Acc- Capitalisation backtest

10 trend-following strategies were compared on the full daily history of Multi Units LU Amundi MSCI Korea ETF Acc- Capitalisation. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 7.1%, MDD -43.5%).

Data 2008-01-02 ~ 2026-07-31daily bars 4,632 (18.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.9%, drawdown -63.8%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 6.9%, MDD -50.0%, Sharpe 0.45, 59% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 7.1%, MDD -43.5%, exposure 60%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 1.0%p lower than buy and hold, while drawdown improves by 13.8%p (CAGR 7.1%, MDD -43.5%, exposure 60%).

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
EMA 크로스오버
fast=55, slow=63
6.9%-50.0%0.450.143.4x3959%
SMA 크로스오버
fast=59, slow=262
7.1%-43.5%0.450.163.6x2360%
볼린저 밴드 돌파
n=58, k=3.3
2.5%-18.2%0.400.141.6x64%
Donchian 채널 돌파
entryN=24, exitN=63
6.4%-43.4%0.400.153.2x6473%
ADX / DI 방향성
period=39, threshold=16
3.6%-32.0%0.380.111.9x2811%
ROC 모멘텀
n=105, threshold=-0.03
4.1%-63.9%0.310.062.1x16365%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=24, mult=3.1
2.8%-52.1%0.250.051.7x10641%
Supertrend
period=35, mult=4.1
-0.4%-60.2%0.08-0.010.9x19658%
MACD
fast=15, slow=32, signal=17
-0.9%-70.4%0.05-0.010.8x25052%
Parabolic SAR
step=0.01, maxStep=0.26
-2.7%-74.6%-0.05-0.040.6x23455%
Buy and hold7.9%-63.8%0.410.124.1x1100%
1x 2009 2012 2015 2018 2021 2024 SMA 크로스오버EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -16% -32% -48% -64% 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버EMA 크로스오버
EMA 크로스오버 maximum drawdown -50.0% (2011-07-11 → 2020-03-09), recovered after 5,224 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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