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 Moving Average (50/200)* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -21.4% (compared to the benchmark's drawdown of -38.7%). 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 6.7%. The strategy executed 9 total trades.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
📊 Mathematical Model
Excess Return MMA
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) Active
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
🎯 Investment Objective
🛡️ Long-Term Investing Active
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
Switch to MMA to enable
IEMG Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 28.09% | 28.09% | 6.74% | 7.14% | 7.68% | 8.86% | 5.50% | 6.71% |
| Sharpe Ratio | 1.07 | 1.07 | 0.45 | 0.36 | 0.51 | 0.42 | 0.39 | 0.32 |
| Max Drawdown | -13.21% | -13.21% | -19.73% | -33.61% | -19.88% | -38.71% | -21.37% | -38.71% |
| % Time Invested | 100.0% | 100.0% | 64.2% | 100.0% | 68.8% | 100.0% | 63.1% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.6 | 0.0 | 0.6 | 0.0 | 0.8 | 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 | ||||||||
| 2025-04-09 | 2025-05-02 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-03-13 | 2025-04-09 | Completed | 100% | $51.86 | $46.12 | -11.11% | Stop | |
| 2025-01-28 | 2025-03-13 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.52% | Interest Income | |
| 2023-12-29 | 2025-01-28 | Completed | 100% | $47.15 | $50.47 | 6.98% | Signal | |
| 2023-10-12 | 2023-12-29 | Interest (CASH) | 100% | $1.00 | $1.01 | 1.16% | Interest Income | |
| 2023-01-25 | 2023-10-12 | Completed | 100% | $46.55 | $44.14 | -5.22% | Signal | |
| 2021-09-07 | 2023-01-25 | Interest (CASH) | 100% | $1.00 | $1.02 | 2.37% | Interest Income | |
| 2020-07-28 | 2021-09-07 | Completed | 100% | $44.26 | $56.28 | 27.11% | Signal | |
| 2020-03-02 | 2020-07-28 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.07% | Interest Income | |
| 2019-11-14 | 2020-03-02 | Completed | 100% | $42.18 | $40.93 | -3.01% | Stop | |
| 2019-09-04 | 2019-11-14 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.35% | Interest Income | |
| 2019-03-13 | 2019-09-04 | Completed | 100% | $41.83 | $39.96 | -4.51% | Signal | |
| 2018-06-20 | 2019-03-13 | Interest (CASH) | 100% | $1.00 | $1.02 | 1.63% | Interest Income | |
| 2016-04-29 | 2018-06-20 | Completed | 100% | $31.70 | $42.86 | 35.14% | Stop | |
| 2015-07-28 | 2016-04-29 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2015-05-04 | 2015-07-28 | Completed | 100% | $38.44 | $33.18 | -13.73% | Signal | |
| 2014-11-18 | 2015-05-04 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2014-10-22 | 2014-11-18 | Completed | 100% | $35.89 | $35.85 | -0.17% | Signal | |
| 2014-10-20 | 2014-10-22 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |