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Trend-Following Backtester · Guide · backtest 한국어

etf · CA

iShares S&P/TSX Capped Utilities Index Fund backtest

10 trend-following strategies were compared on the full daily history of iShares S&P/TSX Capped Utilities Index Fund. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2012-01-24 ~ 2026-07-31daily bars 3,645 (14.5 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 4.1%, drawdown -37.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 2.7%, MDD -21.1%, Sharpe 0.41, 40% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.4%, MDD -34.8%, exposure 99%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

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
Donchian 채널 돌파
entryN=86, exitN=36
2.7%-21.1%0.410.131.5x2740%
ROC 모멘텀
Hold-like · Exposure 99%
n=15, threshold=-0.1
4.4%-34.8%0.400.131.9x999%
SMA 크로스오버
fast=43, slow=242
4.0%-37.8%0.390.111.8x1360%
EMA 크로스오버
fast=34, slow=378
3.9%-37.8%0.370.101.7x760%
ADX / DI 방향성
period=17, threshold=40
0.1%-4.7%0.070.021.0x102%
볼린저 밴드 돌파
n=49, k=3.5
-0.1%-5.5%-0.02-0.011.0x64%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=16, mult=4
-0.1%-5.2%-0.02-0.011.0x82%
Supertrend
period=8, mult=4.4
-1.0%-41.9%-0.08-0.020.9x7954%
Parabolic SAR
step=0.005, maxStep=0.36
-2.3%-44.6%-0.21-0.050.7x13558%
MACD
fast=15, slow=25, signal=24
-4.3%-51.3%-0.44-0.080.5x19651%
Buy and hold4.1%-37.8%0.340.111.8x1100%
1x 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -9% -19% -28% -38% 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -21.1% (2021-01-22 → 2024-06-20), recovered after 1,950 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 carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupMore CA assetsAll asset reports

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