IWY iShares Russell Top 200 Growth ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for IWY (iShares Russell Top 200 Growth ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -26.8% (compared to the benchmark's drawdown of -32.7%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 15.6%, compared to a Buy-and-Hold benchmark return of 18.3%. The strategy executed 43 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
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.
IWY Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 16.65% | 29.41% | 11.47% | 16.95% | 17.51% | 19.75% | 15.61% | 18.31% |
| Sharpe Ratio | 1.21 | 1.67 | 0.70 | 0.73 | 1.01 | 0.86 | 0.97 | 0.88 |
| Max Drawdown | -12.39% | -16.63% | -26.84% | -32.68% | -26.84% | -32.68% | -26.84% | -32.68% |
| % Time Invested | 95.6% | 100.0% | 89.7% | 100.0% | 93.7% | 100.0% | 95.3% | 100.0% |
| Trades / Year | 2.0 | 0.0 | 3.8 | 0.0 | 3.1 | 0.0 | 2.9 | 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 | 33.33% | $277.31 | $299.91 | 8.15% | Mark-to-Market |
| 2026-04-15 | Open | Open | 33.33% | $269.91 | $299.91 | 11.11% | Mark-to-Market |
| 2026-04-15 | Open | Open | 33.33% | $269.91 | $299.91 | 11.11% | Mark-to-Market |
| 2026-03-30 | 2026-04-22 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2026-03-23 | 2026-04-15 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2026-03-03 | 2026-04-15 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2025-04-24 | 2026-03-30 | Completed | 33.33% | $204.12 | $242.79 | 18.95% | Stop |
| 2025-09-05 | 2026-03-23 | Completed | 33.33% | $262.59 | $253.66 | -3.40% | Stop |
| 2026-02-24 | 2026-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2025-07-09 | 2026-02-24 | Completed | 33.33% | $246.94 | $261.27 | 5.80% | Signal |
| 2025-07-23 | 2025-09-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.56% | Interest Income |
| 2025-05-01 | 2025-07-23 | Completed | 33.33% | $217.12 | $251.49 | 15.83% | Signal |
| 2025-06-03 | 2025-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-04-04 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2025-04-01 | 2025-04-24 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2025-04-02 | 2025-04-08 | Completed | 33.33% | $208.74 | $197.24 | -5.51% | Stop |
| 2025-04-02 | 2025-04-04 | Completed | 33.33% | $208.74 | $195.48 | -6.35% | Signal |
| 2025-03-11 | 2025-04-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2025-03-11 | 2025-04-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2024-08-28 | 2025-04-01 | Completed | 33.33% | $213.37 | $209.09 | -2.01% | Stop |
| 2024-08-28 | 2025-03-11 | Completed | 33.33% | $213.37 | $210.91 | -1.15% | Stop |
| 2024-08-28 | 2025-03-11 | Completed | 33.33% | $213.37 | $210.91 | -1.15% | Stop |
| 2024-08-06 | 2024-08-28 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2024-08-06 | 2024-08-28 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2024-08-06 | 2024-08-28 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2023-12-28 | 2024-08-06 | Completed | 33.33% | $174.39 | $194.49 | 11.53% | Stop |
| 2023-01-18 | 2024-08-06 | Completed | 33.33% | $124.18 | $194.49 | 56.62% | Stop |
| 2023-01-18 | 2024-08-06 | Completed | 33.33% | $124.18 | $194.49 | 56.62% | Stop |
| 2023-12-05 | 2023-12-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.40% | Interest Income |
| 2023-01-18 | 2023-12-05 | Completed | 33.33% | $124.18 | $164.96 | 32.84% | Signal |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-11-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2022-11-03 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-18 | 2022-11-04 | Completed | 33.33% | $121.90 | $117.80 | -3.36% | Signal |
| 2022-10-07 | 2022-11-03 | Completed | 33.33% | $120.54 | $116.89 | -3.03% | Signal |
| 2022-10-04 | 2022-10-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2022-10-04 | 2022-10-07 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2022-09-26 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.40% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-06-01 | 2022-09-26 | Completed | 33.33% | $134.20 | $120.64 | -10.10% | Stop |
| 2022-04-27 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2022-03-11 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2022-05-09 | 2022-06-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-02-16 | 2022-05-09 | Completed | 33.33% | $151.79 | $131.88 | -13.11% | Stop |
| 2022-02-16 | 2022-04-27 | Completed | 33.33% | $151.79 | $137.46 | -9.44% | Stop |
| 2022-02-16 | 2022-03-11 | Completed | 33.33% | $151.79 | $143.42 | -5.51% | Signal |
| 2022-01-25 | 2022-02-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-01-25 | 2022-02-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-01-25 | 2022-02-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2020-10-14 | 2022-01-25 | Completed | 33.33% | $123.77 | $147.53 | 19.19% | Stop |
| 2020-10-14 | 2022-01-25 | Completed | 33.33% | $123.77 | $147.53 | 19.19% | Stop |
| 2020-03-24 | 2022-01-25 | Completed | 33.33% | $74.74 | $147.53 | 97.40% | Stop |
| 2020-09-22 | 2020-10-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2020-09-22 | 2020-10-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2020-06-03 | 2020-09-22 | Completed | 33.33% | $99.96 | $114.53 | 14.58% | Stop |
| 2020-03-23 | 2020-09-22 | Completed | 33.33% | $71.66 | $114.53 | 59.83% | Stop |
| 2020-06-02 | 2020-06-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2020-04-29 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2020-03-23 | 2020-04-29 | Completed | 33.33% | $71.66 | $91.94 | 28.30% | Signal |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2019-01-15 | 2020-03-02 | Completed | 33.33% | $70.12 | $90.01 | 28.37% | Stop |
| 2019-03-21 | 2020-02-28 | Completed | 33.33% | $77.65 | $85.41 | 10.00% | Stop |
| 2019-03-20 | 2020-02-28 | Completed | 33.33% | $77.69 | $85.41 | 9.94% | Stop |
| 2019-03-04 | 2019-03-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2019-03-04 | 2019-03-20 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2019-02-27 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2018-12-04 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income |
| 2019-01-17 | 2019-02-27 | Completed | 33.33% | $70.84 | $75.93 | 7.18% | Signal |
| 2018-12-24 | 2019-01-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2018-12-20 | 2019-01-15 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.19% | Interest Income |
| 2018-11-21 | 2018-12-24 | Completed | 33.33% | $70.79 | $64.21 | -9.29% | Stop |
| 2015-09-17 | 2018-12-20 | Completed | 33.33% | $46.68 | $67.45 | 44.48% | Stop |
| 2018-11-21 | 2018-12-04 | Completed | 33.33% | $70.79 | $74.98 | 5.92% | Signal |
| 2018-11-02 | 2018-11-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2018-11-02 | 2018-11-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2018-10-30 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2018-10-30 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-03-18 | 2018-10-30 | Completed | 33.33% | $48.63 | $71.29 | 46.60% | Stop |
| 2016-03-18 | 2018-10-30 | Completed | 33.33% | $48.63 | $71.29 | 46.60% | Stop |
| 2016-03-02 | 2016-03-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2016-03-02 | 2016-03-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2016-02-12 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2015-12-02 | 2016-02-12 | Completed | 33.33% | $49.87 | $44.27 | -11.23% | Stop |
| 2016-01-27 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2015-09-17 | 2016-01-27 | Completed | 33.33% | $46.68 | $45.73 | -2.05% | Signal |
| 2015-11-03 | 2015-12-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2015-09-21 | 2015-11-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income |
| 2015-09-17 | 2015-09-21 | Completed | 33.33% | $46.68 | $46.48 | -0.43% | Signal |
| 2015-09-02 | 2015-09-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2015-09-02 | 2015-09-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2015-09-02 | 2015-09-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2015-08-25 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-25 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-25 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2013-02-13 | 2015-08-25 | Completed | 33.33% | $31.59 | $45.45 | 43.87% | Stop |
| 2012-02-17 | 2015-08-25 | Completed | 33.33% | $28.70 | $45.45 | 58.34% | Stop |
| 2011-09-21 | 2015-08-25 | Completed | 33.33% | $25.43 | $45.45 | 78.70% | Stop |
| 2013-01-10 | 2013-02-13 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2012-08-31 | 2013-01-10 | Completed | 33.33% | $30.40 | $31.03 | 2.09% | Signal |
| 2012-07-19 | 2012-08-31 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.56% | Interest Income |
| 2011-12-12 | 2012-07-19 | Completed | 33.33% | $26.14 | $29.49 | 12.84% | Signal |
| 2012-01-04 | 2012-02-17 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.50% | Interest Income |
| 2011-12-02 | 2012-01-03 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2011-12-02 | 2011-12-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.00% | Interest Income |
| 2011-10-25 | 2011-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2011-09-19 | 2011-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income |
| 2011-09-21 | 2011-10-25 | Completed | 33.33% | $25.43 | $26.12 | 2.72% | Signal |
| 2011-09-19 | 2011-09-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2011-09-19 | 2011-09-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |