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Direxion Daily Energy Bear 2X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily Energy Bear 2X ETF. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 4.3%, MDD -58.3%).

Data 2008-11-19 ~ 2026-07-31daily bars 4,450 (17.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -40.4%, drawdown -100.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.3%, MDD -58.3%, Sharpe 0.28, 1% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 44.7%p higher than buy and hold, while drawdown improves by 41.7%p (CAGR 4.3%, MDD -58.3%, 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=11, k=2.8
4.3%-58.3%0.280.072.1x81%
ADX / DI 방향성
period=20, threshold=31
3.3%-69.0%0.260.051.8x183%
Keltner 채널 돌파
emaPeriod=7, atrPeriod=23, mult=2.6
0.8%-61.0%0.170.011.1x242%
Donchian 채널 돌파
entryN=83, exitN=22
-5.3%-91.4%0.08-0.060.4x2814%
Supertrend
period=19, mult=3.3
-9.0%-92.6%0.05-0.100.2x10231%
EMA 크로스오버
fast=47, slow=183
-8.0%-93.3%0.02-0.090.2x1617%
MACD
fast=10, slow=48, signal=5
-20.3%-98.9%-0.13-0.210.0x39452%
SMA 크로스오버
fast=36, slow=85
-17.6%-97.2%-0.14-0.180.0x5533%
ROC 모멘텀
n=118, threshold=0.05
-16.7%-96.7%-0.15-0.170.0x12421%
Parabolic SAR
step=0.02, maxStep=0.32
-22.5%-98.9%-0.24-0.230.0x40742%
Buy and hold-40.4%-100.0%-0.34-0.400.0x1100%
0.0001 0.001 0.01 0.1 1x 2009 2012 2015 2018 2021 2024 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2009 2012 2015 2018 2021 2024 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -58.3% (2020-03-18 → 2025-04-09), 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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