Trend-Following Backtester · Guide · backtest 한국어

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Vanguard High Dividend Yield ETF backtest

10 trend-following strategies were compared on the full daily history of Vanguard High Dividend Yield ETF. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 5.4%, MDD -22.3%).

Data 2006-11-16 ~ 2026-07-31daily bars 4,955 (19.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 6.1%, drawdown -58.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 5.4%, MDD -22.3%, Sharpe 0.52, 77% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 6.6%, MDD -46.7%, exposure 97%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.7%p lower than buy and hold, while drawdown improves by 36.5%p (CAGR 5.4%, MDD -22.3%, exposure 77%).

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
Donchian 채널 돌파
entryN=57, exitN=83
5.4%-22.3%0.520.242.8x2577%
ROC 모멘텀
Hold-like · Exposure 97%
n=41, threshold=-0.15
6.6%-46.7%0.490.143.6x997%
EMA 크로스오버
fast=35, slow=90
4.5%-26.6%0.470.172.4x3773%
SMA 크로스오버
fast=28, slow=199
4.3%-32.8%0.430.132.3x2970%
볼린저 밴드 돌파
n=76, k=3.1
0.9%-10.6%0.300.081.2x66%
Supertrend
period=14, mult=4.9
1.5%-29.7%0.200.051.3x7757%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=8, mult=2.4
-0.3%-28.6%-0.00-0.010.9x11346%
ADX / DI 방향성
period=39, threshold=15
-0.6%-16.0%-0.14-0.040.9x4810%
MACD
fast=17, slow=26, signal=17
-2.7%-44.7%-0.19-0.060.6x26351%
Parabolic SAR
step=0.01, maxStep=0.14
-3.4%-54.0%-0.24-0.060.5x29762%
Buy and hold6.1%-58.8%0.420.103.2x1100%
1x 2007 2010 2013 2016 2019 2022 2025 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -15% -29% -44% -59% 2007 2010 2013 2016 2019 2022 2025 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -22.3% (2022-01-12 → 2023-12-12), recovered after 1,478 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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