Trend-Following Backtester · Guide · backtest 한국어

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JPMorgan Equity Premium Income ETF backtest

10 trend-following strategies were compared on the full daily history of JPMorgan Equity Premium Income ETF. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2020-05-21 ~ 2026-07-31daily bars 1,556 (6.2 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 2.2%, drawdown -20.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 0.8%, MDD -2.2%, Sharpe 0.43, 8% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 1.0%, MDD -13.6%, exposure 54%.

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
볼린저 밴드 돌파
n=57, k=2.9
0.8%-2.2%0.430.341.0x28%
SMA 크로스오버
fast=42, slow=149
1.0%-13.6%0.190.071.1x1254%
ADX / DI 방향성
period=39, threshold=36
0.2%-3.1%0.150.071.0x22%
ROC 모멘텀
n=98, threshold=-0.07
0.5%-18.3%0.100.031.0x1587%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=23, mult=4
0.2%-5.7%0.080.031.0x611%
EMA 크로스오버
fast=39, slow=115
-0.3%-17.5%-0.01-0.021.0x1254%
Donchian 채널 돌파
entryN=17, exitN=77
-2.2%-31.0%-0.23-0.070.9x1981%
Supertrend
period=11, mult=2.9
-3.1%-24.8%-0.46-0.120.8x5160%
Parabolic SAR
step=0.005, maxStep=0.22
-3.9%-29.9%-0.57-0.130.8x5962%
MACD
fast=19, slow=40, signal=20
-5.1%-29.9%-0.84-0.170.7x6549%
Buy and hold2.2%-20.0%0.250.111.1x1100%
1x 2021 2022 2023 2024 2025 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -5% -10% -15% -20% 2021 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -2.2% (2021-08-30 → 2021-09-14), 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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