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Direxion Daily FTSE China Bear 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily FTSE China Bear 3X ETF. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.0%, MDD -0.5%).

Data 2009-12-03 ~ 2026-07-31daily bars 4,189 (16.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -39.0%, drawdown -100.0%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 0.0%, MDD -0.5%, Sharpe 0.13, 0% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 39.1%p higher than buy and hold, while drawdown improves by 99.5%p (CAGR 0.0%, MDD -0.5%, exposure 0%).

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
ADX / DI 방향성
period=20, threshold=31
0.0%-0.5%0.130.081.0x20%
SMA 크로스오버
fast=49, slow=148
-8.8%-89.1%0.08-0.100.2x2329%
MACD
fast=19, slow=53, signal=19
-19.8%-98.7%-0.05-0.200.0x15253%
EMA 크로스오버
fast=64, slow=79
-14.5%-95.3%-0.08-0.150.1x2525%
볼린저 밴드 돌파
n=56, k=1.7
-14.9%-93.9%-0.11-0.160.1x6820%
Supertrend
period=9, mult=4.1
-20.7%-98.5%-0.13-0.210.0x10040%
Donchian 채널 돌파
entryN=80, exitN=80
-19.3%-98.0%-0.15-0.200.0x2532%
Keltner 채널 돌파
emaPeriod=28, atrPeriod=15, mult=3.1
-13.8%-92.3%-0.18-0.150.1x5811%
Parabolic SAR
step=0.025, maxStep=0.06
-24.6%-99.5%-0.22-0.250.0x24239%
ROC 모멘텀
n=98, threshold=0.07
-22.7%-98.9%-0.28-0.230.0x15025%
Buy and hold-39.0%-100.0%-0.22-0.390.0x1100%
0.001 0.01 0.1 1x 2010 2013 2016 2019 2022 2025 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2010 2013 2016 2019 2022 2025 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -0.5% (2010-11-17 → 2010-11-18), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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