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SPUU trading strategies, backtested

Direxion Daily S&P 500 Bull 2X Shares — Direxion's 2x daily S&P 500 fund. Every DeployQuant template run on SPUU over 5.5 years of minute data, same engine, same window, sorted by return.

Quick answer: the best-performing template on SPUU (2021-01-04 → 2026-07-17) was RSI(2) snapback at 22.7% CAGR vs 22.0% for buy-and-hold. 1 of 12 templates beat holding; 11 cut the max drawdown.
StrategyCAGRmax DDSharpetradeswin ratefinal value
RSI(2) Dip Snapback 22.7% −31.2% 1.03161 67% $30,947
EMA 12/26 Trend 20.0% −22.9% 0.9819 53% $27,424
Weekly Entry + 7% Target 19.6% −57.9% 0.7754 67% $26,948
First-to-Last Day of Month 18.9% −44.2% 0.7367 64% $26,006
20-Day Momentum + Trailing Stop 16.7% −17.6% 0.8912 75% $23,472
Drawdown Dip Buyer + 8% Target 14.8% −41.4% 0.6410 100% $21,404
Golden Cross (SMA 50/200) 12.5% −34.7% 0.623 67% $19,214
SMA 10/50 Trend 12.0% −31.4% 0.6513 54% $18,717
SMA-200 Trend + 15% Trailing Stop 10.3% −39.7% 0.588 50% $17,153
200-Day SMA Regime Filter 9.8% −37.3% 0.5717 24% $16,739
3-Month Momentum Switch 9.5% −38.6% 0.5716 56% $16,501
RSI(14) Mean Reversion 5.6% −34.7% 0.3412 75% $13,509
Buy & hold SPUU 22.0%−45.9% 0.80 $30,019
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Frequently asked questions

What was the best strategy for SPUU?

Of the 12 templates tested on SPUU over 2021-01-04–2026-07-17, the strongest by CAGR was RSI(2) snapback at 22.7% (max drawdown 31.2%), versus 22.0% 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 SPUU?

1 of 12 templates beat SPUU buy-and-hold (22.0% CAGR) on this window; 11 of 12 had a shallower maximum drawdown than holding (45.9%).

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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.