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EEV trading strategies, backtested

ProShares UltraShort MSCI Emerging Markets — -2x daily emerging markets. Every DeployQuant template run on EEV over 5.5 years of minute data, same engine, same window, sorted by return.

Quick answer: the best-performing template on EEV (2021-01-04 → 2026-07-17) was RSI mean reversion at 11.2% CAGR vs −14.5% for buy-and-hold. 8 of 12 templates beat holding; 10 cut the max drawdown.
StrategyCAGRmax DDSharpetradeswin ratefinal value
RSI(14) Mean Reversion 11.2% −56.8% 0.5219 74% $18,028
Golden Cross (SMA 50/200) 0.9% −45.9% 0.153 33% $10,493
SMA-200 Trend + 15% Trailing Stop −0.9% −54.6% 0.1011 36% $9,517
First-to-Last Day of Month −5.2% −72.1% 0.0467 45% $7,434
200-Day SMA Regime Filter −5.8% −59.4% -0.1322 14% $7,185
Drawdown Dip Buyer + 8% Target −8.0% −77.2% -0.079 100% $6,291
3-Month Momentum Switch −8.9% −51.4% -0.2816 19% $5,981
EMA 12/26 Trend −11.5% −55.1% -0.3222 27% $5,101
20-Day Momentum + Trailing Stop −14.8% −63.4% -0.6024 25% $4,129
Weekly Entry + 7% Target −14.8% −81.8% -0.2428 57% $4,116
SMA 10/50 Trend −24.4% −80.0% -0.9423 17% $2,130
RSI(2) Dip Snapback −100.0% −52778.6% -0.29101 51% $-452,203,969,059,779,400,000,000,000,000,000,000,000,000,000,000,000,000
Buy & hold EEV −14.5%−80.1% -0.22 $4,196
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Frequently asked questions

What was the best strategy for EEV?

Of the 12 templates tested on EEV over 2021-01-04–2026-07-17, the strongest by CAGR was RSI mean reversion at 11.2% (max drawdown 56.8%), versus −14.5% for buy-and-hold. Best-in-hindsight is not a forecast — check drawdowns and trade counts before drawing conclusions.

Did any strategy beat buying and holding EEV?

8 of 12 templates beat EEV buy-and-hold (−14.5% CAGR) on this window; 10 of 12 had a shallower maximum drawdown than holding (80.1%).

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Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.