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Samsung KODEX 200 ETF backtest

10 trend-following strategies were compared on the full daily history of Samsung KODEX 200 ETF. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 7.3%, MDD -27.0%).

Data 2007-01-29 ~ 2026-07-31daily bars 4,237 (19.5 years)Costs 0.5%Venue KRXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 9.6%, drawdown -40.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.5%, MDD -20.1%, Sharpe 0.64, 9% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 8.5%, MDD -40.9%, exposure 72%.

Return/drawdown alternative: Supertrend — CAGR is 5.1%p lower than buy and hold, while drawdown improves by 20.8%p (CAGR 7.3%, MDD -27.0%, exposure 50%).

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
볼린저 밴드 돌파
n=46, k=3
4.5%-20.1%0.640.222.4x109%
Supertrend
period=14, mult=5
7.3%-27.0%0.630.274.0x5650%
Donchian 채널 돌파
entryN=27, exitN=75
8.5%-40.9%0.590.214.9x3972%
ROC 모멘텀
n=139, threshold=0.21
6.3%-40.9%0.560.153.3x3514%
SMA 크로스오버
fast=47, slow=109
7.5%-42.2%0.540.184.1x3361%
ADX / DI 방향성
period=36, threshold=19
5.0%-25.2%0.540.202.6x3011%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=12, mult=2.4
5.0%-32.2%0.490.162.6x8836%
MACD
fast=22, slow=50, signal=20
4.9%-47.9%0.450.102.5x15052%
EMA 크로스오버
fast=47, slow=67
5.8%-53.3%0.450.113.0x4761%
Parabolic SAR
step=0.015, maxStep=0.08
0.3%-61.3%0.100.001.1x25058%
Buy and hold9.6%-40.9%0.590.246.0x1100%
1x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -10% -20% -31% -41% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -20.1% (2026-02-26 → 2026-03-04), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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