Trend-Following Backtester · Guide · backtest 한국어

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Direxion Daily Utilities Bull 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily Utilities Bull 3X ETF. 2 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 6.1%, MDD -16.7%).

Data 2017-05-03 ~ 2026-07-31daily bars 2,324 (9.2 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 5.8%, drawdown -79.5%).

Sharpe leader (same as main): MACD — CAGR 17.9%, MDD -46.9%, Sharpe 0.63, 53% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 12.1%p higher than buy and hold, while drawdown improves by 32.7%p (CAGR 6.1%, MDD -16.7%, exposure 10%).

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
MACD
fast=15, slow=18, signal=19
17.9%-46.9%0.630.384.6x12653%
Keltner 채널 돌파
emaPeriod=14, atrPeriod=34, mult=2.6
6.1%-16.7%0.570.371.7x2010%
ADX / DI 방향성
period=26, threshold=30
2.6%-10.8%0.480.241.3x22%
SMA 크로스오버
fast=55, slow=268
5.5%-79.5%0.360.071.6x659%
Parabolic SAR
step=0.01, maxStep=0.1
5.3%-59.1%0.330.091.6x13055%
볼린저 밴드 돌파
n=19, k=2.7
3.1%-31.6%0.310.101.3x208%
ROC 모멘텀
n=111, threshold=0.02
2.5%-58.1%0.250.041.3x11060%
EMA 크로스오버
fast=40, slow=215
-2.7%-80.4%0.16-0.030.8x758%
Supertrend
period=13, mult=2
-2.4%-55.8%0.13-0.040.8x14053%
Donchian 채널 돌파
entryN=82, exitN=66
-4.2%-56.3%0.02-0.070.7x1852%
Buy and hold5.8%-79.5%0.390.071.7x1100%
1x 2018 2020 2022 2024 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 2018 2020 2022 2024 2026 Buy and holdMACD
MACD maximum drawdown -46.9% (2017-11-14 → 2019-01-28), recovered after 874 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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