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

About

Equal-weight mix of steadier U.S. stocks (USMV), gold (GLD), a stronger-dollar fund (USDU), and crash insurance (CAOS), rebalanced daily. Built to be resilient in stress, but unlike BIL (T‑bills), it can lose value.
NutHow it works
It splits your money into four equal parts and rebalances daily: - USMV: steadier U.S. stocks designed to swing less. - GLD: gold. - USDU: rises when the U.S. dollar strengthens vs other currencies. - CAOS: crash protection that can jump in market panics. Aims to be calmer than stocks, but it’s not cash-like and can lose value.
CheckmarkValue prop
Out-of-sample, this equal-weight 4-asset mix beats the S&P on risk: Sharpe 3.39 vs 2.88, Calmar 6.78, drawdown 2.81% vs 5.07%. It aims for steadier growth (19% vs 38%) with stronger downside protection from gold, USD, and tail-risk hedge.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.120.130.150.39
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
77.32%21.41%1.75%5.97%1.36
BIL Replacement
52.32%15.32%2.47%6.71%2.85
Initial Investment
$10,000.00
Final Value
$15,231.75
Regulatory Fees
$14.74
Total Slippage
$9.61
Invest in this strategy
OOS Start Date
Apr 28, 2025
Trading Setting
Daily
Type
Stocks
Category
Defensive multi-asset, equal-weight, daily rebalance, low-vol stocks, gold, long usd, tail-risk hedge
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
CAOS
Alpha Architect Tail Risk ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
USDU
WisdomTree Bloomberg U.S. Dollar Bullish Fund
Stocks
USMV
iShares MSCI USA Min Vol Factor 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.

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

"BIL Replacement" is currently allocated toGLD, CAOS, USDUandUSMV. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "BIL Replacement" has returned 18.15%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "BIL Replacement" is 3.14%. 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 "BIL Replacement", 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.