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Samsung Kodex Inverse ETF backtest

10 trend-following strategies were compared on the full daily history of Samsung Kodex Inverse ETF. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.2%, MDD -5.5%).

Data 2009-09-16 ~ 2026-07-31daily bars 4,121 (16.9 years)Costs 0.5%Venue KRXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -12.4%, drawdown -92.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR -0.6%, MDD -32.3%, Sharpe -0.03, 10% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR -0.2%, MDD -5.5%, exposure 1%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 11.8%p higher than buy and hold, while drawdown improves by 59.6%p (CAGR -0.2%, MDD -5.5%, exposure 1%).

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=50, k=3.5
-0.6%-32.3%-0.03-0.020.9x1610%
ROC 모멘텀
n=15, threshold=0.13
-0.8%-32.5%-0.04-0.020.9x151%
ADX / DI 방향성
period=51, threshold=24
-0.2%-5.5%-0.11-0.041.0x21%
Donchian 채널 돌파
entryN=100, exitN=15
-1.7%-33.0%-0.13-0.050.8x3417%
SMA 크로스오버
fast=17, slow=147
-3.0%-46.0%-0.19-0.070.6x4238%
Supertrend
period=16, mult=4.8
-4.3%-54.6%-0.20-0.080.5x5748%
EMA 크로스오버
fast=54, slow=153
-3.6%-53.7%-0.25-0.070.5x2837%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=15, mult=2.6
-3.6%-48.8%-0.30-0.070.5x5821%
MACD
fast=19, slow=24, signal=19
-8.8%-84.9%-0.44-0.100.2x19549%
Parabolic SAR
step=0.005, maxStep=0.3
-9.3%-82.8%-0.52-0.110.2x15743%
Buy and hold-12.4%-92.0%-0.49-0.130.1x1100%
0.1 1x 2010 2013 2016 2019 2022 2025 ADX / DI 방향성볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -23% -46% -69% -92% 2010 2013 2016 2019 2022 2025 Buy and holdADX / DI 방향성볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -32.3% (2020-03-19 → 2024-08-20), 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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