Skip to Content
Symphonies
BIL Replacement
Today’s Change
—

A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily-rebalanced, equal-weighted mix of USMV (low-vol US stocks), GLD (gold), USDU (USD exposure), and CAOS (tail-risk hedge) to replace BIL with a diversified, liquid sleeve that offers some downside protection and inflation/cxurrency hedges but comes with higher turnover and complexity.
NutHow it works
What it does for a layperson: - Replaces a cash-like sleeve with four assets that are easy to trade like cash. - Each day, it tries to keep roughly equal money in USMV, GLD, USDU, and CAOS (about 25% each). - It rebalances daily to restore equal weights, so the mix stays balanced over time. - USMV adds steadier equity exposure, GLD provides gold exposure, USDU adds dollar exposure, and CAOS hedges against extreme market drops. - The goal is to combine liquidity with diversification and some downside protection, rather than chasing high stock returns. Caveats include higher trading costs, tax implications from daily turnover, and the fact that CAOS and GLD can underperform in calm, rising markets.
CheckmarkValue prop
Out-of-sample, this 4-asset mix (USMV/GLD/USDU/CAOS) delivers higher risk-adjusted returns (oos Sharpe 3.39 vs SPY 2.88), lower drawdowns (2.81% vs 5.07%), near-zero beta, and tail-risk hedge with gold/currency diversification—strong risk control vs the S&P.

Loading backtest data...

Invest in this strategy
OOS Start Date
Apr 28, 2025
Trading Setting
Daily
Type
Stocks
Category
Diversified, low-volatility, tail-risk hedge, currency, gold, cash-equivalent replacement
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 16.77%. 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.