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Finaxion Research · The golden cross (50/200) · single stocks · Recomputed 2026-09-10

Does the golden cross (50/200) work on FANG?

The golden cross (50/200) does not beat buy-and-hold on FANG: -6.2 points a year over 14 years.

Total return
621.2%
Buy and hold
×15
CAGR
15.3%
Sharpe
0.49
Max drawdown
-56.8%
Trades
17
Out of sample
—
Years
14
1×8.1×20132014201520162017201820192020202120222023202420252026
StrategyFANG

Findings

  1. The golden cross (50/200) does not beat buy-and-hold on FANG: -6.2 points a year over 14 years.
  2. Against the S&P 500 over the same window: +0.5 points a year.
  3. Total return +621.2% versus ×15 for buy-and-hold, with 17 trades.
  4. Maximum drawdown -56.8%.
  5. It did not beat before 2019 and started afterwards.
  6. It ranks #66 of 235 markets for this strategy by annual excess over the S&P 500.

Findings derived from the full panel. Each carries its number and its denominator; the computations are reproducible with artifact 8fb75dc6eee1.

Exactly what was tested

Long while the 50-day SMA is above the 200-day SMA; flat when it is below. Next-close execution. No leverage, no stop.

How to read it

The verdict compares the strategy with buying and holding FANG over the same window, with round-trip costs per asset class. “Out of sample” is walk-forward: the rule is fit on one stretch and judged on the next. A result that beats in the full sample but not out of it is overfit. Full methodology in the protocol. How we test.

Open this backtest with its trades   Trades (CSV)

Every strategy on FANG → · Full page for The golden cross (50/200) →

How to cite

Finaxion Research (2026). Does the golden cross (50/200) work on FANG?. Daily backtest 1962-01-01–2026-08-31, artifact 8fb75dc6eee1. https://finaxion.app/en/research/golden-cross/fang

Not a recommendation. Past performance does not guarantee future results.