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Symphonies
200d UPRO
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily trend-following: when the S&P 500 is in a long-term uptrend, hold 3× S&P exposure via UPRO; otherwise sit in short-term T‑bills (BIL). Seeks to ride big bull markets and step aside during major downtrends.
NutHow it works
Each day it looks at SPY (a big fund that tracks the S&P 500). If SPY’s price is above its long‑term average over ~200 trading days, it goes “risk on” and puts 100% into UPRO (a fund aiming for 3× the S&P 500’s daily move). Otherwise it parks 100% in BIL (very short‑term U.S. Treasury bills).
CheckmarkValue prop
Out-of-sample annualized return 38.7% vs SPY 20.3%, Calmar 1.38. Trend-following: 3x on uptrends, T-bills on declines—aimed at superior long-run growth with strong risk-adjusted upside.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.061.480.490.7
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
880.97%14.66%-1.77%0.2%0.88
200d UPRO
3,624.87%24.2%-6.26%-2.87%0.78
Initial Investment
$10,000.00
Final Value
$372,486.93
Regulatory Fees
$244.27
Total Slippage
$1,464.32
Invest in this strategy
OOS Start Date
Jul 21, 2023
Trading Setting
Daily
Type
Stocks
Category
Trend-following, tactical allocation, leveraged s&p 500, risk-on/risk-off, treasury bills, daily rebalance
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
UPRO
ProShares UltraPro S&P 500
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.

"200d UPRO" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"200d UPRO" is currently allocated toUPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "200d UPRO" has returned 29.57%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "200d UPRO" is 27.98%. 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 "200d UPRO", 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.