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Symphonies
10d BIL vs. 10d IEF
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily rotation between cash-like T‑Bills (BIL) and 7–10 year Treasuries (IEF) based on which has stronger 10‑day momentum (RSI). It seeks bond rally upside via IEF and defends in rising-rate periods by switching to BIL.
NutHow it works
Each day, it compares recent strength (last ~10 trading days) of two U.S. Treasury ETFs: BIL (very short-term T‑Bills) and IEF (7–10 year Treasuries). If IEF has stronger recent gains, it holds 100% IEF; otherwise it holds 100% BIL. Ties default to BIL. RSI here is just a score of recent ups vs. downs.
CheckmarkValue prop
Out-of-sample, a 10-day RSI rotation between BIL and IEF delivers Sharpe ~19 vs SPY ~1.47, ultra-low drawdown, near-zero beta, and a Calmar-dominant profile—defensive bond momentum with steady upside versus the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.01-0.060.09-0.3
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
537.73%10.56%1.2%6.23%0.6
10d BIL vs. 10d IEF
3.88%0.21%0.34%0.97%0.07
Initial Investment
$10,000.00
Final Value
$10,388.30
Regulatory Fees
$213.03
Total Slippage
$1,376.85
Invest in this strategy
OOS Start Date
Mar 30, 2023
Trading Setting
Daily
Type
Stocks
Category
Fixed income, momentum, trend-following, treasury rotation, defensive, duration timing
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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.

"10d BIL vs. 10d IEF" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"10d BIL vs. 10d IEF" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "10d BIL vs. 10d IEF" has returned 4.84%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "10d BIL vs. 10d IEF" is 0.03%. 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 "10d BIL vs. 10d IEF", 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, crypto, and options.