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Amundi PEA S&P 500 UCITS ETF FCP Parts -Acc- backtest

10 trend-following strategies were compared on the full daily history of Amundi PEA S&P 500 UCITS ETF FCP Parts -Acc-. 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 11.9%, MDD -23.4%).

Data 2014-05-20 ~ 2026-07-31daily bars 3,122 (12.2 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 15.2%, drawdown -33.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.9%, MDD -23.4%, Sharpe 0.89, 87% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 3.3%p lower than buy and hold, while drawdown improves by 10.3%p (CAGR 11.9%, MDD -23.4%, exposure 87%).

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=15, exitN=58
11.9%-23.4%0.890.513.9x3187%
Supertrend
period=36, mult=5
9.1%-21.7%0.790.422.9x4973%
EMA 크로스오버
fast=22, slow=54
8.9%-24.2%0.740.372.8x3975%
SMA 크로스오버
fast=13, slow=95
7.8%-26.2%0.660.302.5x3372%
ROC 모멘텀
n=41, threshold=-0.04
7.5%-26.7%0.600.282.4x8587%
볼린저 밴드 돌파
n=66, k=0.8
5.5%-21.4%0.550.251.9x8064%
Keltner 채널 돌파
emaPeriod=72, atrPeriod=21, mult=2.4
4.9%-26.0%0.510.191.8x5759%
Parabolic SAR
step=0.005, maxStep=0.14
4.8%-21.6%0.480.221.8x11463%
ADX / DI 방향성
period=28, threshold=44
0.6%-2.6%0.390.231.1x22%
MACD
fast=16, slow=41, signal=16
1.9%-24.2%0.230.081.3x16450%
Buy and hold15.2%-33.7%0.920.455.6x1100%
1x 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -8% -17% -25% -34% 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -23.4% (2021-12-30 → 2023-03-13), recovered after 819 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

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