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Symphonies
100% Protection* | Taco | (*Till Its Not)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A laddered mix of “buffer” equity ETFs that aims to cushion routine market drops in exchange for capped upside, mostly tied to the S&P 500, with a small small‑cap slice and a 5% T‑bill cushion. Not a guarantee of protection.
NutHow it works
It spreads your money across many “buffer” stock funds that try to soften typical declines but cap gains. About 95% sits in S&P 500–linked buffers from iShares, Innovator, and Calamos (laddered by month), plus a small slice in small‑cap buffers; 5% is in T‑bills. Rebalanced daily.
CheckmarkValue prop
Out-of-sample: Sharpe ~3.90 vs SPY ~2.47; max drawdown ~1.17% vs ~5.07%; Calmar ~11.0. Delivers stronger risk-adjusted gains with better downside protection, via laddered buffer ETFs and daily rebalancing—more resilient than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.040.320.970.98
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
23.2%25.43%-0.15%0.4%1.29
100% Protection* | Taco | (*Till Its Not)
11.02%12.02%0.3%1.37%1.88
Initial Investment
$10,000.00
Final Value
$11,101.61
Regulatory Fees
$3.00
Total Slippage
$2.76
Invest in this strategy
OOS Start Date
May 27, 2025
Trading Setting
Daily
Type
Stocks
Category
Defined-outcome buffers, s&p 500 focus, laddered resets, small-cap tilt, t-bills cushion
Tickers in this symphonyThis symphony trades 26 assets in total
Ticker
Type
BAPR
Innovator U.S. Equity Buffer ETF - April
Stocks
BAUG
Innovator U.S. Equity Buffer ETF - August
Stocks
BDEC
Innovator U.S. Equity Buffer ETF - December
Stocks
BFEB
Innovator U.S. Equity Buffer ETF - February
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BJAN
Innovator U.S. Equity Buffer ETF - January
Stocks
BJUL
Innovator U.S. Equity Buffer ETF - July
Stocks
BJUN
Innovator U.S. Equity Buffer ETF - June
Stocks
BMAR
Innovator U.S. Equity Buffer ETF - March
Stocks
BMAY
Innovator U.S. Equity Buffer ETF - May
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toBJUL, BNOV, BFEB, BJUN, BMAY, BAUG, CPSA, MAXJ, CPSJ, BAPR, BMAR, BSEP, CPSL, DMAX, CPSN, CPST, CPRJ, BOCT, SMAX, CPSO, BJAN, BDEC, BIL, CPSM, MMAXandCPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 11.20%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 1.17%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in the symphony, simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.