Trend-Following Backtester · Guide · backtest 한국어

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iShares Ultra Short Duration Bond Active ETF backtest

10 trend-following strategies were compared on the full daily history of iShares Ultra Short Duration Bond Active ETF. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester.

Data 2013-12-16 ~ 2026-07-31daily bars 3,174 (12.6 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 0.0%, drawdown -3.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR -0.1%, MDD -3.8%, Sharpe -0.10, 95% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR -0.1%, MDD -0.9%, exposure 1%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=169, threshold=-0.02
-0.1%-3.8%-0.10-0.031.0x395%
ADX / DI 방향성
period=38, threshold=33
-0.1%-0.9%-0.34-0.081.0x21%
SMA 크로스오버
fast=60, slow=260
-0.4%-5.6%-0.37-0.070.9x859%
EMA 크로스오버
fast=99, slow=329
-0.4%-6.2%-0.38-0.070.9x665%
볼린저 밴드 돌파
n=34, k=3.5
-0.1%-1.3%-0.43-0.081.0x20%
Donchian 채널 돌파
entryN=71, exitN=78
-0.7%-8.9%-0.75-0.080.9x1633%
Keltner 채널 돌파
emaPeriod=14, atrPeriod=19, mult=3.3
-0.3%-3.5%-0.76-0.081.0x61%
Parabolic SAR
step=0.005, maxStep=0.44
-4.2%-41.8%-2.52-0.100.6x9752%
Supertrend
period=12, mult=5
-4.1%-41.2%-2.68-0.100.6x8450%
MACD
fast=39, slow=72, signal=29
-6.4%-56.6%-3.51-0.110.4x14545%
Buy and hold0.0%-3.9%0.040.011.0x1100%
1x 2014 2016 2018 2020 2022 2024 2026 ADX / DI 방향성ROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -1% -3% -4% -5% 2014 2016 2018 2020 2022 2024 2026 Buy and holdADX / DI 방향성ROC 모멘텀
ROC 모멘텀 maximum drawdown -3.8% (2020-03-09 → 2020-03-26), prior peak not yet recovered.

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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