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Symphonies
1NS15 Risk On or Risk Off Bitcoin | Garen | https://www.investorcollab.com
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Own Bitcoin (via BITO) when its recent price is above its long‑term average; otherwise hold a defensive mix of Treasuries, gold, and silver. Checks daily and switches as needed.
NutHow it works
Each trading day it checks BITO’s trend. BITO is a Bitcoin futures ETF (gives Bitcoin exposure via CME futures). If the short‑term average price (last 5 days) is above the long‑term average (last 100 days), it puts 100% in BITO. Otherwise it splits evenly among IEF (7–10yr U.S. Treasury bonds), TLT (20+yr Treasuries), GLD (gold), and SLV (silver). A “moving average” is the average closing price over a set number of days.
CheckmarkValue prop
Out-of-sample edge: ~41% annualized return, Calmar 1.45, Sharpe ~1.06, beta ~0.51. BITO upside with risk-off diversification in Treasuries/gold/silver. Higher upside vs SPY, but drawdowns may be larger (~28%).

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Invest in this strategy
OOS Start Date
May 21, 2022
Trading Setting
Daily
Type
Stocks
Category
Trend-following, risk-on/risk-off, crypto, treasuries, gold, silver, moving-average crossover, daily rebalance
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
BITO
ProShares Bitcoin ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
SLV
iShares Silver Trust
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
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 toGLD, IEF, SLVandTLT. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 37.87%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 28.23%. 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.