Battle of the Trend Following Indexes – September 2025 Momentum returned in September, lifting all seven indexes higher. TTU Trend Following Index led with 5.9%, closely followed by SG Trend ( 5.7%), Classic Trend ( 4.9%), and IASG and Systematic Momentum (both 4.3%). BTOP50 ( 3.5%) and SG CTA ( 3.9%) rounded out a strong month for trend followers. Over the long arc, Classic Trend Index remains dominant at 117% since 2020, now tantalizingly close to reclaiming its high watermark. BTOP50 continues to anchor with the lowest drawdown (9.7%) and the highest win rate (60.9%), proving once again why resilience is its hallmark. The takeaway is timeless: structure beats prediction. Classic powers

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