Trend-Following Backtester · Guide · backtest 한국어

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Freedom 100 Emerging Markets ETF backtest

10 trend-following strategies were compared on the full daily history of Freedom 100 Emerging Markets ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 13.3%, MDD -22.7%).

Data 2019-06-14 ~ 2026-07-31daily bars 1,792 (7.1 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 13.9%, drawdown -40.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 16.5%, MDD -25.8%, Sharpe 0.84, 92% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 2.5%p higher than buy and hold, while drawdown improves by 14.7%p (CAGR 13.3%, MDD -22.7%, exposure 64%).

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
ROC 모멘텀
n=48, threshold=-0.12
16.5%-25.8%0.840.643.0x2192%
SMA 크로스오버
fast=32, slow=113
13.3%-22.7%0.790.592.4x1564%
EMA 크로스오버
fast=31, slow=209
11.1%-28.6%0.680.392.1x1168%
볼린저 밴드 돌파
n=53, k=2.8
4.8%-14.8%0.680.331.4x814%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=10, mult=3.2
8.1%-20.1%0.670.401.7x2637%
Donchian 채널 돌파
entryN=11, exitN=82
11.4%-41.8%0.650.272.2x1987%
Supertrend
period=29, mult=4.5
6.6%-38.7%0.470.171.6x3859%
ADX / DI 방향성
period=13, threshold=39
2.4%-9.9%0.460.241.2x106%
MACD
fast=14, slow=49, signal=6
4.8%-22.8%0.400.211.4x12650%
Parabolic SAR
step=0.015, maxStep=0.14
1.6%-39.3%0.180.041.1x12658%
Buy and hold13.9%-40.5%0.670.342.5x1100%
1x 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -10% -20% -30% -40% 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -25.8% (2021-09-03 → 2022-11-02), recovered after 984 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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