Trend-Following Backtester · Guide · backtest 한국어

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iShares Core Dividend Growth ETF backtest

10 trend-following strategies were compared on the full daily history of iShares Core Dividend Growth ETF. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2014-06-12 ~ 2026-07-31daily bars 3,052 (12.1 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 9.9%, drawdown -35.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.4%, MDD -20.7%, Sharpe 0.78, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
Hold-like · Exposure 99%
n=17, threshold=-0.11
10.4%-20.7%0.780.503.3x799%
Donchian 채널 돌파
entryN=79, exitN=70
5.4%-13.9%0.610.391.9x1765%
SMA 크로스오버
fast=17, slow=191
5.9%-22.0%0.590.272.0x2175%
EMA 크로스오버
fast=12, slow=60
4.9%-16.7%0.530.291.8x5373%
Parabolic SAR
step=0.005, maxStep=0.38
2.9%-18.5%0.350.161.4x11563%
Supertrend
period=19, mult=4.6
2.3%-20.6%0.280.111.3x5767%
볼린저 밴드 돌파
n=19, k=3.1
0.3%-4.5%0.280.071.0x21%
Keltner 채널 돌파
emaPeriod=73, atrPeriod=11, mult=2
0.1%-25.9%0.050.001.0x7158%
MACD
fast=14, slow=26, signal=19
-0.3%-22.5%0.02-0.011.0x17751%
ADX / DI 방향성
period=32, threshold=22
-0.8%-10.9%-0.28-0.070.9x125%
Buy and hold9.9%-35.1%0.670.283.1x1100%
1x 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -26% -35% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -20.7% (2022-01-04 → 2022-09-30), recovered after 779 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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