IGV iShares Expanded Tech-Software Sector ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for IGV (iShares Expanded Tech-Software Sector ETF) using the Moving Average (50/200)* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -31.9% (compared to the benchmark's drawdown of -49.8%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 11.0%, compared to a Buy-and-Hold benchmark return of 13.0%. The strategy executed 25 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
IGV Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 5.21% | -0.67% | 13.07% | 7.35% | 19.91% | 17.08% | 10.99% | 12.97% |
| Sharpe Ratio | 0.28 | -0.03 | 0.67 | 0.26 | 0.95 | 0.60 | 0.60 | 0.50 |
| Max Drawdown | -22.10% | -36.61% | -31.84% | -45.85% | -31.84% | -45.85% | -31.85% | -49.81% |
| % Time Invested | 63.9% | 100.0% | 68.0% | 100.0% | 78.9% | 100.0% | 76.2% | 100.0% |
| Trades / Year | 2.0 | 0.0 | 0.8 | 0.0 | 0.9 | 0.0 | 1.1 | 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 / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-04-22 | Open | Open | 100% | $87.87 | $101.66 | 15.69% | Mark-to-Market |
| 2026-01-16 | 2026-04-22 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.94% | Interest Income |
| 2025-12-17 | 2026-01-16 | Completed | 100% | $106.34 | $100.00 | -5.96% | Signal |
| 2025-11-24 | 2025-12-17 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2025-06-12 | 2025-11-24 | Completed | 100% | $106.26 | $101.40 | -4.57% | Stop |
| 2025-04-08 | 2025-06-12 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.77% | Interest Income |
| 2025-03-27 | 2025-04-08 | Completed | 100% | $93.42 | $84.50 | -9.55% | Stop |
| 2025-03-05 | 2025-03-27 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2023-01-18 | 2025-03-05 | Completed | 100% | $53.65 | $95.05 | 77.17% | Stop |
| 2022-01-05 | 2023-01-18 | Interest (CASH) | 100% | $1.00 | $1.02 | 2.26% | Interest Income |
| 2021-03-30 | 2022-01-05 | Completed | 100% | $66.31 | $75.71 | 14.18% | Stop |
| 2021-03-08 | 2021-03-30 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-05-27 | 2021-03-08 | Completed | 100% | $51.53 | $67.24 | 30.50% | Stop |
| 2020-04-23 | 2020-05-27 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2020-03-24 | 2020-04-23 | Completed | 100% | $40.31 | $46.02 | 14.17% | Signal |
| 2020-03-02 | 2020-03-24 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2019-03-05 | 2020-03-02 | Completed | 100% | $40.63 | $47.16 | 16.08% | Stop |
| 2018-12-07 | 2019-03-05 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.55% | Interest Income |
| 2018-11-21 | 2018-12-07 | Completed | 100% | $34.03 | $36.20 | 6.38% | Signal |
| 2018-10-30 | 2018-11-21 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2016-05-04 | 2018-10-30 | Completed | 100% | $19.67 | $35.06 | 78.30% | Stop |
| 2016-01-21 | 2016-05-04 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2015-11-10 | 2016-01-21 | Completed | 100% | $20.51 | $18.43 | -10.12% | Stop |
| 2015-10-15 | 2015-11-10 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2015-09-17 | 2015-10-15 | Completed | 100% | $19.12 | $19.47 | 1.83% | Signal |
| 2015-08-25 | 2015-09-17 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2013-01-17 | 2015-08-25 | Completed | 100% | $12.79 | $18.19 | 42.20% | Stop |
| 2012-11-23 | 2013-01-17 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2012-08-22 | 2012-11-23 | Completed | 100% | $12.30 | $11.72 | -4.71% | Signal |
| 2012-07-23 | 2012-08-22 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2012-02-27 | 2012-07-23 | Completed | 100% | $12.24 | $11.41 | -6.77% | Signal |
| 2011-08-05 | 2012-02-27 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2010-09-10 | 2011-08-05 | Completed | 100% | $9.82 | $10.79 | 9.97% | Stop |
| 2010-07-13 | 2010-09-10 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2010-06-01 | 2010-07-13 | Completed | 100% | $8.84 | $8.87 | 0.29% | Signal |
| 2010-05-07 | 2010-06-01 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2009-06-01 | 2010-05-07 | Completed | 100% | $7.38 | $9.04 | 22.44% | Stop |
| 2008-09-18 | 2009-06-01 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.19% | Interest Income |
| 2008-06-12 | 2008-09-18 | Completed | 100% | $9.51 | $8.54 | -10.20% | Stop |
| 2008-02-19 | 2008-06-12 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.50% | Interest Income |
| 2008-02-14 | 2008-02-19 | Completed | 100% | $9.16 | $8.96 | -2.22% | Signal |
| 2008-01-23 | 2008-02-14 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2006-09-19 | 2008-01-23 | Completed | 100% | $8.30 | $8.40 | 1.22% | Stop |
| 2006-06-02 | 2006-09-19 | Interest (CASH) | 100% | $1.00 | $1.01 | 1.47% | Interest Income |
| 2005-07-20 | 2006-06-02 | Completed | 100% | $7.93 | $7.42 | -6.41% | Signal |
| 2005-05-20 | 2005-07-20 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.49% | Interest Income |
| 2005-05-10 | 2005-05-20 | Completed | 100% | $7.17 | $7.62 | 6.39% | Signal |
| 2005-04-18 | 2005-05-10 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2004-10-07 | 2005-04-18 | Completed | 100% | $7.12 | $6.99 | -1.87% | Stop |
| 2004-06-25 | 2004-10-07 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.43% | Interest Income |
| 2003-07-17 | 2004-06-25 | Completed | 100% | $6.14 | $7.23 | 17.71% | Signal |
| 2003-07-15 | 2003-07-17 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income |