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Symphonies
Bitcoin & Fren
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A fast-moving bitcoin strategy: own bitcoin funds when momentum is strong, move to T-bills when it weakens, and reduce risk when bitcoin looks overheated.
NutHow it works
This strategy is a daily on/off switch for bitcoin exposure. It checks BITO, a stock-market fund that tracks bitcoin. If bitcoin’s recent momentum looks weak, it moves to BIL, a very short-term Treasury-bill fund (a cash-like parking spot). If momentum looks strong, it stays in bitcoin-related funds. If bitcoin looks too overheated, it cuts risk by splitting between BITO and BIL. Otherwise, it rotates between regular bitcoin exposure (BITO) and extra-aggressive 2x bitcoin exposure (BITX) using very short-term performance signals.
CheckmarkValue prop
Out-of-sample edge: ~20.9% annualized vs SPY’s 18.2%, with beta ~0.64 and a cash hedge. It captures bitcoin upside on momentum and trims risk when overheated. Higher upside, but larger crypto drawdowns can occur.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.480.630.030.18
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
80.36%19.77%-0.05%3.57%1.28
Bitcoin & Fren
348.25%58.22%-4.44%25.9%1.12
Initial Investment
$10,000.00
Final Value
$44,824.91
Regulatory Fees
$156.96
Total Slippage
$978.47
Invest in this strategy
OOS Start Date
Mar 4, 2024
Trading Setting
Daily
Type
Stocks
Category
Bitcoin, crypto, momentum, trend following, mean reversion, tactical asset allocation, leveraged etf, cash management
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BITO
ProShares Bitcoin ETF
Stocks
BITX
2x Bitcoin 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.

"Bitcoin & Fren" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Bitcoin & Fren" is currently allocated toBITOandBITX. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Bitcoin & Fren" has returned 21.94%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Bitcoin & Fren" is 40.18%. 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 "Bitcoin & Fren", 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.
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