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Symphonies
Better BIL
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, bond‑ETF rotation. Uses JNK (high‑yield bonds) as a risk gauge: sit in BIL (T‑Bills) when trend is weak or too hot; otherwise split evenly among BIL, JNK, and TIP (inflation‑protected Treasuries). Simple trend + RSI guardrails.
NutHow it works
Each day it uses JNK (riskier corporate bonds) as a risk gauge. First, is JNK above its 20‑day average price (trend)? Then check its 10‑day RSI (a 0–100 speedometer: >80 very hot, <15 very cold). If trend is up but too hot, hold only BIL (cash‑like T‑Bills). If trend is up and not too hot, split evenly among BIL, JNK, and TIP (inflation‑protected Treasuries). If trend is down but very cold, also split evenly; otherwise stay in BIL.
CheckmarkValue prop
Out-of-sample edge: Sharpe ~2.46 vs SPY ~0.83; Calmar ~6.56; max drawdown ~0.69% vs ~18.8% for SPY. A capital-preserving, lower-volatility strategy that delivers steadier returns than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.040.040.070.27
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
547.95%10.85%-2.64%-1.35%0.62
Better BIL
116.69%4.35%0.43%1.25%1.51
Initial Investment
$10,000.00
Final Value
$21,668.92
Regulatory Fees
$237.79
Total Slippage
$1,241.82
Invest in this strategy
OOS Start Date
Oct 19, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical fixed income, etf rotation, trend following, mean reversion, risk-on/risk-off, 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
JNK
State Street SPDR Bloomberg High Yield Bond ETF
Stocks
TIP
iShares TIPS 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.

"Better BIL" is currently performing the same as yesterday today. Performance updates in real time during market hours.

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

Year-to-date, "Better BIL" has returned 4.62%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Better BIL" is 0.69%. 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 "Better BIL", 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.