Trend-Following Backtester · Guide · backtest 한국어

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Vanguard S&P 500 UCITS ETF backtest

10 trend-following strategies were compared on the full daily history of Vanguard S&P 500 UCITS ETF. 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 10.2%, MDD -22.2%).

Data 2012-05-22 ~ 2026-07-31daily bars 3,628 (14.2 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.3%, drawdown -33.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.2%, MDD -22.2%, Sharpe 0.79, 92% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.1%p lower than buy and hold, while drawdown improves by 11.5%p (CAGR 10.2%, MDD -22.2%, exposure 92%).

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=17, exitN=96
10.2%-22.2%0.790.464.0x2392%
Supertrend
period=28, mult=5
6.3%-14.9%0.620.422.4x5771%
EMA 크로스오버
fast=21, slow=186
7.3%-23.5%0.610.312.7x2377%
SMA 크로스오버
fast=23, slow=70
6.1%-28.6%0.560.212.3x4566%
ROC 모멘텀
n=92, threshold=-0.03
5.4%-31.0%0.480.172.1x8584%
볼린저 밴드 돌파
n=75, k=1
4.2%-23.4%0.460.181.8x6958%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=19, mult=3.2
2.3%-18.0%0.330.131.4x6242%
Parabolic SAR
step=0.005, maxStep=0.34
1.4%-21.8%0.180.061.2x13865%
MACD
fast=15, slow=52, signal=14
1.3%-19.6%0.180.061.2x18048%
ADX / DI 방향성
period=26, threshold=34
0.0%-4.6%0.010.001.0x41%
Buy and hold12.3%-33.6%0.810.365.2x1100%
1x 2013 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% 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -22.2% (2022-01-04 → 2023-03-13), recovered after 885 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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