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SMH · 1D · PUBLISHED JUL 2026
Semiconductor momentum regime
BACKTEST
VERIFIED
TOTAL RETURN
+498.6%
WIN RATE
43%
TRADES
28
SHARPE
1.36
MAX DRAWDOWN
−39.6%
OUT-OF-SAMPLE EQUITY CURVE
Feb 2020 to Jul 2026 · 4 of 4 periods profitable
equityperiod boundary
P1P2P3P4
Period
Window
Return
Sharpe
Trades
P1
Feb 2020 to Sep 2021
+66.8%
1.65
5
P2
Sep 2021 to May 2023
+4.9%
0.31
4
P3
May 2023 to Dec 2024
+58.1%
1.41
7
P4
Dec 2024 to Jul 2026
+116.6%
2.06
6
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