IEMG
iShares Core MSCI Emerging Markets ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for IEMG (iShares Core MSCI Emerging Markets ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -21.5% (compared to the benchmark's drawdown of -38.7%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 4.0%, compared to a Buy-and-Hold benchmark return of 6.7%. The strategy executed 39 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.
IEMG Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 17.33% | 28.09% | 4.64% | 7.14% | 6.28% | 8.86% | 3.97% | 6.71% |
| Sharpe Ratio | 0.72 | 1.07 | 0.34 | 0.36 | 0.46 | 0.42 | 0.31 | 0.32 |
| Max Drawdown | -13.21% | -13.21% | -13.74% | -33.61% | -21.48% | -38.71% | -21.48% | -38.71% |
| % Time Invested | 100.0% | 100.0% | 80.2% | 100.0% | 86.8% | 100.0% | 83.2% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 2.0 | 0.0 | 2.8 | 0.0 | 3.3 | 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 | ||||||||
| 2026-03-31 | 2026-04-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income | |
| 2026-03-31 | 2026-04-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income | |
| 2025-05-20 | 2026-03-31 | Completed | 33.33% | $55.19 | $67.00 | 21.35% | Stop | |
| 2025-05-02 | 2026-03-31 | Completed | 33.33% | $53.81 | $67.00 | 24.45% | Stop | |
| 2025-04-07 | 2025-05-20 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.51% | Interest Income | |
| 2025-01-16 | 2025-05-02 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.24% | Interest Income | |
| 2025-04-08 | 2025-05-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2024-04-24 | 2025-04-08 | Completed | 33.33% | $47.86 | $47.87 | -0.04% | Stop | |
| 2024-04-08 | 2025-04-07 | Completed | 33.33% | $48.68 | $46.30 | -4.95% | Stop | |
| 2024-01-24 | 2025-01-16 | Completed | 33.33% | $45.94 | $50.26 | 9.35% | Signal | |
| 2022-07-05 | 2024-04-24 | Interest (CASH) | 33.33% | $1.00 | $1.09 | 8.82% | Interest Income | |
| 2023-10-23 | 2024-04-08 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 2.44% | Interest Income | |
| 2023-10-13 | 2024-01-24 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.48% | Interest Income | |
| 2023-04-24 | 2023-10-23 | Completed | 33.33% | $43.79 | $41.90 | -4.36% | Signal | |
| 2023-07-25 | 2023-10-13 | Completed | 33.33% | $47.18 | $43.64 | -7.54% | Signal | |
| 2023-05-11 | 2023-07-25 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.05% | Interest Income | |
| 2023-01-19 | 2023-05-11 | Completed | 33.33% | $45.65 | $43.72 | -4.26% | Signal | |
| 2021-11-17 | 2023-04-24 | Interest (CASH) | 33.33% | $1.00 | $1.04 | 3.55% | Interest Income | |
| 2021-09-08 | 2023-01-19 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 2.30% | Interest Income | |
| 2022-06-07 | 2022-07-05 | Completed | 33.33% | $46.11 | $42.67 | -7.52% | Signal | |
| 2022-05-13 | 2022-06-07 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income | |
| 2022-03-21 | 2022-05-13 | Completed | 33.33% | $48.57 | $43.44 | -10.60% | Stop | |
| 2022-02-25 | 2022-03-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-08-06 | 2022-02-25 | Completed | 33.33% | $45.15 | $50.52 | 11.86% | Stop | |
| 2020-09-23 | 2021-11-17 | Completed | 33.33% | $44.34 | $55.09 | 24.18% | Signal | |
| 2020-07-07 | 2021-09-08 | Completed | 33.33% | $43.08 | $56.07 | 30.11% | Signal | |
| 2020-05-05 | 2020-09-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2020-03-10 | 2020-08-06 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2020-04-02 | 2020-07-07 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-03-24 | 2020-05-05 | Completed | 33.33% | $32.48 | $36.22 | 11.46% | Signal | |
| 2020-03-24 | 2020-04-02 | Completed | 33.33% | $32.48 | $33.25 | 2.33% | 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 | |
| 2019-09-13 | 2020-03-10 | Completed | 33.33% | $41.67 | $39.22 | -5.93% | Stop | |
| 2019-12-19 | 2020-03-02 | Completed | 33.33% | $44.66 | $40.93 | -8.39% | Stop | |
| 2019-09-13 | 2020-03-02 | Completed | 33.33% | $41.67 | $40.93 | -1.82% | Stop | |
| 2019-10-15 | 2019-12-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income | |
| 2019-05-24 | 2019-10-15 | Completed | 33.33% | $39.43 | $41.12 | 4.24% | Signal | |
| 2019-08-15 | 2019-09-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2019-07-10 | 2019-09-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income | |
| 2019-06-05 | 2019-08-15 | Completed | 33.33% | $40.41 | $38.63 | -4.46% | Stop | |
| 2019-02-21 | 2019-07-10 | Completed | 33.33% | $41.71 | $42.43 | 1.66% | Signal | |
| 2019-02-25 | 2019-06-05 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.67% | Interest Income | |
| 2018-08-14 | 2019-05-24 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.82% | Interest Income | |
| 2018-11-21 | 2019-02-25 | Completed | 33.33% | $38.79 | $42.55 | 9.64% | Signal | |
| 2018-05-29 | 2019-02-21 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.61% | Interest Income | |
| 2018-10-30 | 2018-11-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2018-07-19 | 2018-10-30 | Completed | 33.33% | $41.75 | $36.86 | -11.76% | Stop | |
| 2018-07-23 | 2018-08-14 | Completed | 33.33% | $42.22 | $41.23 | -2.40% | Signal | |
| 2018-06-28 | 2018-07-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2018-06-26 | 2018-07-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2018-03-07 | 2018-06-28 | Completed | 33.33% | $46.20 | $40.91 | -11.50% | Stop | |
| 2017-02-13 | 2018-06-26 | Completed | 33.33% | $35.85 | $41.98 | 17.02% | Stop | |
| 2018-03-07 | 2018-05-29 | Completed | 33.33% | $46.20 | $43.97 | -4.87% | Signal | |
| 2018-02-12 | 2018-03-07 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income | |
| 2018-02-12 | 2018-03-07 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income | |
| 2017-02-24 | 2018-02-12 | Completed | 33.33% | $36.10 | $45.04 | 24.71% | Stop | |
| 2016-07-21 | 2018-02-12 | Completed | 33.33% | $33.08 | $45.04 | 36.09% | Stop | |
| 2016-12-29 | 2017-02-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income | |
| 2016-06-28 | 2017-02-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income | |
| 2016-04-22 | 2016-12-29 | Completed | 33.33% | $31.86 | $32.83 | 3.01% | Signal | |
| 2016-06-28 | 2016-07-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2016-06-09 | 2016-06-28 | Completed | 33.33% | $31.64 | $30.70 | -3.03% | Stop | |
| 2016-06-09 | 2016-06-28 | Completed | 33.33% | $31.64 | $30.70 | -3.03% | Stop | |
| 2015-08-27 | 2016-06-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2015-08-24 | 2016-06-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2015-08-04 | 2016-04-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2015-08-19 | 2015-08-27 | Completed | 33.33% | $31.22 | $30.17 | -3.39% | Signal | |
| 2015-07-13 | 2015-08-24 | Completed | 33.33% | $34.94 | $29.00 | -17.06% | Stop | |
| 2015-07-28 | 2015-08-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2015-07-30 | 2015-08-04 | Completed | 33.33% | $33.22 | $33.20 | -0.12% | Signal | |
| 2015-07-08 | 2015-07-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2014-10-22 | 2015-07-28 | Completed | 33.33% | $35.89 | $33.18 | -7.60% | Stop | |
| 2015-02-06 | 2015-07-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2015-04-08 | 2015-07-08 | Completed | 33.33% | $37.80 | $33.65 | -11.02% | Stop | |
| 2014-11-07 | 2015-04-08 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2014-10-22 | 2015-02-06 | Completed | 33.33% | $35.89 | $35.48 | -1.19% | Signal | |
| 2014-10-22 | 2014-11-07 | Completed | 33.33% | $35.89 | $35.81 | -0.27% | 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 | |
| 2014-10-20 | 2014-10-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |