Skip to Content
Symphonies
Bond Check
Today’s Change
—

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

About

Daily, hold one ETF: if long‑term Treasury bonds (TLT) are trending up and moving briskly, own TLT; otherwise own the least‑hurt choice among U.S. stocks (SPY), commodities (DBC), and energy stocks (XLE).
NutHow it works
Each day: 1) Check if long‑term U.S. Treasury bonds (TLT) are in an uptrend (100‑day avg price > 400‑day). If yes: if TLT’s recent swings are larger than usual (15‑day vs 80‑day), buy TLT; else buy the one with the smallest 10‑day drop between SPY (U.S. stocks) and DBC (commodities). If no: buy the least‑hurt of SPY, DBC, and XLE (energy). Hold 1 ETF; rebalance daily.
CheckmarkValue prop
Out-of-sample, this strategy trims downside and improves risk-adjusted performance vs the S&P 500: 15.88% annualized return with a 13.70% max drawdown vs SPY’s 18.76%, Calmar ~1.16 and Sharpe ~1.11.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.120.20.060.24
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
641.12%10.48%-1.73%-4.49%0.61
Bond Check
1,212.67%13.67%-1.16%0.52%0.87
Initial Investment
$10,000.00
Final Value
$131,266.56
Regulatory Fees
$823.90
Total Slippage
$5,096.82
Invest in this strategy
OOS Start Date
Oct 21, 2023
Trading Setting
Daily
Type
Stocks
Category
Trend-following, tactical rotation, bonds vs risk assets, volatility filter, drawdown ranking, daily rebalance, single-etf
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
XLE
State Street Energy Select Sector SPDR 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.

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

"Bond Check" is currently allocated toTLT. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Bond Check" has returned 15.19%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Bond Check" is 13.70%. 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 "Bond Check", 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.