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MUFJ Kokusai - MAXIS NASDAQ100 ETF (2631) backtest

10 trend-following strategies were compared on the full daily history of MUFJ Kokusai - MAXIS NASDAQ100 ETF (2631). 0 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 18.5%, MDD -14.4%).

Data 2021-02-22 ~ 2026-07-31daily bars 1,330 (5.4 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 24.2%, drawdown -30.0%).

Sharpe leader (same as main): Supertrend — CAGR 20.3%, MDD -19.3%, Sharpe 1.30, 65% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 3.9%p lower than buy and hold, while drawdown improves by 10.6%p (CAGR 18.5%, MDD -14.4%, exposure 69%).

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=15, mult=4.8
20.3%-19.3%1.301.052.7x2665%
EMA 크로스오버
fast=20, slow=22
19.7%-17.1%1.191.152.7x2871%
SMA 크로스오버
fast=6, slow=60
18.5%-14.4%1.151.282.5x2469%
MACD
fast=23, slow=55, signal=19
15.6%-24.5%1.150.642.2x3846%
Donchian 채널 돌파
entryN=20, exitN=19
18.3%-24.4%1.140.752.5x2867%
볼린저 밴드 돌파
n=44, k=1.7
15.2%-20.0%1.120.762.2x2654%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=15, mult=1.3
15.7%-18.9%1.040.832.2x3665%
ADX / DI 방향성
period=27, threshold=8
12.7%-15.9%0.880.801.9x6465%
ROC 모멘텀
n=77, threshold=-0.09
12.1%-33.9%0.660.361.9x2787%
Parabolic SAR
step=0.015, maxStep=0.14
5.9%-22.1%0.440.271.4x8663%
Buy and hold24.2%-30.0%1.000.813.2x1100%
1x 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -7% -15% -22% -30% 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -19.3% (2021-11-22 → 2023-01-31), recovered after 543 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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