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Symphonies
Black Swan Catcher (SPY)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A very defensive, crash-focused strategy that usually parks in short-term Treasuries, but during extremes it either bets on a tech rebound after a selloff or on a jump in market fear.
NutHow it works
This strategy checks the market every day. If the overall U.S. stock market has fallen hard over the past month, it either: (1) bets on a sharp rebound in tech stocks, or (2) hides in safer assets or a fear-based volatility fund. If the market has not crashed, it usually sits in short-term Treasuries. It only makes a fear/volatility bet when stocks look unusually overheated.
CheckmarkValue prop
Out-of-sample: 17.39% annualized vs 14.91% S&P, far lower drawdown (6.8% vs 18.8%), lower beta (0.66) and positive alpha (~0.09%), Calmar 2.57. A defensive, volatility-aware strategy with stronger risk-adjusted returns.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.30.0500.03
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
684.54%14.91%-1.04%-0.34%0.93
Black Swan Catcher (SPY)
6,075.88%32.08%0.33%0.91%1.18
Initial Investment
$10,000.00
Final Value
$617,588.36
Regulatory Fees
$433.12
Total Slippage
$3,618.45
Invest in this strategy
OOS Start Date
Jul 10, 2024
Trading Setting
Daily
Type
Stocks
Category
Crash strategy, volatility trading, leveraged etfs, tactical allocation, mean reversion, defensive cash
Tickers in this symphonyThis symphony trades 7 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TECL
Direxion Daily Technology Bull 3x ETF
Stocks
TQQQ
ProShares UltraPro QQQ
Stocks
UVXY
ProShares Ultra VIX Short-Term Futures ETF
Stocks
VIXM
ProShares VIX Mid-Term Futures 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.

"Black Swan Catcher (SPY)" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Black Swan Catcher (SPY)" is currently allocated toSHV. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Black Swan Catcher (SPY)" has returned 17.39%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Black Swan Catcher (SPY)" is 6.76%. 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 "Black Swan Catcher (SPY)", 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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