IEFA
iShares Core MSCI Eafe ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for IEFA (iShares Core MSCI Eafe ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -19.1% (compared to the benchmark's drawdown of -34.8%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 5.5%, compared to a Buy-and-Hold benchmark return of 7.9%. The strategy executed 33 total trades.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
📊 Mathematical Model
Excess Return MMA Active
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
IEFA Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 17.61% | 17.61% | 5.11% | 8.53% | 7.67% | 9.42% | 5.55% | 7.91% |
| Sharpe Ratio | 1.05 | 1.05 | 0.43 | 0.50 | 0.67 | 0.53 | 0.49 | 0.44 |
| Max Drawdown | -11.50% | -11.50% | -18.45% | -30.41% | -18.45% | -34.79% | -19.06% | -34.79% |
| % Time Invested | 100.0% | 100.0% | 90.9% | 100.0% | 93.7% | 100.0% | 91.1% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 1.8 | 0.0 | 2.5 | 0.0 | 2.8 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2025-02-24 | 2025-05-21 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.03% | Interest Income | |
| 2025-04-08 | 2025-05-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-03-24 | 2025-04-08 | Completed | 33.33% | $73.51 | $66.85 | -9.10% | Stop | |
| 2024-12-17 | 2025-03-24 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.09% | Interest Income | |
| 2023-12-15 | 2025-02-24 | Completed | 33.33% | $63.11 | $71.99 | 14.01% | Signal | |
| 2023-12-15 | 2024-12-17 | Completed | 33.33% | $63.11 | $68.22 | 8.05% | Signal | |
| 2023-11-15 | 2023-12-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.45% | Interest Income | |
| 2023-09-20 | 2023-12-15 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.32% | Interest Income | |
| 2023-04-10 | 2023-11-15 | Completed | 33.33% | $59.21 | $60.02 | 1.31% | Signal | |
| 2023-03-16 | 2023-11-09 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 3.50% | Interest Income | |
| 2022-12-30 | 2023-09-20 | Completed | 33.33% | $55.00 | $60.41 | 9.78% | Signal | |
| 2023-03-16 | 2023-04-10 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2023-01-18 | 2023-03-16 | Completed | 33.33% | $59.66 | $55.43 | -7.13% | Stop | |
| 2023-01-18 | 2023-03-16 | Completed | 33.33% | $59.66 | $55.43 | -7.13% | Stop | |
| 2022-09-02 | 2023-01-18 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.47% | Interest Income | |
| 2022-03-04 | 2023-01-18 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 2.22% | Interest Income | |
| 2021-12-08 | 2022-12-30 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 2.07% | Interest Income | |
| 2022-07-11 | 2022-09-02 | Completed | 33.33% | $51.19 | $51.13 | -0.17% | Signal | |
| 2022-06-15 | 2022-07-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2022-03-30 | 2022-06-15 | Completed | 33.33% | $61.21 | $52.07 | -14.98% | Stop | |
| 2022-03-08 | 2022-03-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income | |
| 2021-02-10 | 2022-03-08 | Completed | 33.33% | $60.29 | $55.30 | -8.32% | Stop | |
| 2020-10-06 | 2022-03-04 | Completed | 33.33% | $51.03 | $56.62 | 10.91% | Signal | |
| 2020-07-02 | 2021-12-08 | Completed | 33.33% | $48.28 | $63.91 | 32.31% | Signal | |
| 2021-01-14 | 2021-02-10 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-04-01 | 2021-01-14 | Completed | 33.33% | $39.43 | $59.57 | 51.00% | Signal | |
| 2020-05-01 | 2020-10-06 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2020-03-26 | 2020-07-02 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-03-24 | 2020-05-01 | Completed | 33.33% | $38.14 | $42.74 | 12.00% | Signal | |
| 2020-03-10 | 2020-04-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-03-24 | 2020-03-26 | Completed | 33.33% | $38.14 | $39.98 | 4.78% | Signal | |
| 2020-03-02 | 2020-03-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-03-02 | 2020-03-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2019-06-12 | 2020-03-10 | Completed | 33.33% | $48.74 | $45.57 | -6.55% | Stop | |
| 2019-09-13 | 2020-03-02 | Completed | 33.33% | $49.92 | $47.82 | -4.27% | Stop | |
| 2019-06-12 | 2020-03-02 | Completed | 33.33% | $48.74 | $47.82 | -1.95% | Stop | |
| 2019-08-16 | 2019-09-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2019-03-27 | 2019-08-16 | Completed | 33.33% | $48.14 | $46.82 | -2.80% | Signal | |
| 2019-02-28 | 2019-06-12 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.69% | Interest Income | |
| 2018-10-11 | 2019-06-12 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.58% | Interest Income | |
| 2018-10-11 | 2019-03-27 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.07% | Interest Income | |
| 2018-11-15 | 2019-02-28 | Completed | 33.33% | $45.68 | $47.80 | 4.58% | Signal | |
| 2018-10-24 | 2018-11-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2017-04-04 | 2018-10-24 | Completed | 33.33% | $43.14 | $45.93 | 6.43% | Stop | |
| 2018-09-19 | 2018-10-11 | Completed | 33.33% | $49.95 | $47.34 | -5.28% | Stop | |
| 2018-09-19 | 2018-10-11 | Completed | 33.33% | $49.95 | $47.34 | -5.28% | Stop | |
| 2018-08-21 | 2018-09-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.17% | Interest Income | |
| 2018-05-03 | 2018-09-19 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.76% | Interest Income | |
| 2016-08-12 | 2018-08-21 | Completed | 33.33% | $40.61 | $49.54 | 21.91% | Signal | |
| 2017-02-09 | 2018-05-03 | Completed | 33.33% | $41.66 | $51.17 | 22.78% | Signal | |
| 2016-01-07 | 2017-04-04 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income | |
| 2016-12-29 | 2017-02-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2016-05-12 | 2016-12-29 | Completed | 33.33% | $39.21 | $39.99 | 1.94% | Signal | |
| 2015-11-16 | 2016-08-12 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income | |
| 2016-01-07 | 2016-05-12 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income | |
| 2015-10-09 | 2016-01-07 | Completed | 33.33% | $40.44 | $37.43 | -7.50% | Stop | |
| 2015-10-09 | 2016-01-07 | Completed | 33.33% | $40.44 | $37.43 | -7.50% | Stop | |
| 2015-09-17 | 2015-11-16 | Completed | 33.33% | $39.69 | $39.41 | -0.74% | Signal | |
| 2015-08-26 | 2015-10-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-25 | 2015-10-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-25 | 2015-09-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2014-10-22 | 2015-08-26 | Completed | 33.33% | $39.40 | $39.08 | -0.88% | Signal | |
| 2015-04-29 | 2015-08-25 | Completed | 33.33% | $43.52 | $38.69 | -11.13% | Stop | |
| 2015-03-18 | 2015-08-25 | Completed | 33.33% | $41.11 | $38.69 | -5.92% | Stop | |
| 2014-12-03 | 2015-04-29 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2014-10-20 | 2015-03-18 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2014-10-22 | 2014-12-03 | Completed | 33.33% | $39.40 | $40.69 | 3.21% | Signal | |
| 2014-10-20 | 2014-10-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2014-10-20 | 2014-10-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |