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Symphonies
Cautious Fund Surfing | SPY vs. SHY | 2x
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A barbell mix: 50% U.S. insurance stocks, 25% silver, and 25% in a cautious, rules‑based switch that uses volatility and a short‑term strength test (SPY vs SHY) to choose either a 2× S&P 500 fund or T‑bills.
NutHow it works
25% is a switch between a 2x S&P 500 fund (SSO, aims to move ~2× the index each day) and T‑bills (SGOV). It only considers stocks when recent S&P 500 swings are small. In calm periods it compares short‑term “heat” (RSI = recent ups vs downs) of stocks (SPY) vs short Treasuries (SHY) across 5 lookbacks and 3 cutoffs; if bonds look stronger, it “buys the dip” via SSO, else holds SGOV. The rest: 25% silver (SIVR) and 50% U.S. insurance: IAK ETF plus PGR and AJG.
CheckmarkValue prop
Out-of-sample performance: ~42.9% annualized return vs ~22.9% for SPY, Sharpe ~2.20 vs ~1.14, max drawdown ~10.9% vs 14.7%, Calmar ~3.92—more upside with better risk control.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.140.580.420.65
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
146.36%16.64%3.88%-0.84%0.98
Cautious Fund Surfing | SPY vs. SHY | 2x
281.56%25.69%0.6%-4.24%1.58
Initial Investment
$10,000.00
Final Value
$38,155.86
Regulatory Fees
$27.16
Total Slippage
$138.26
Invest in this strategy
OOS Start Date
Mar 4, 2025
Trading Setting
Threshold 1%
Type
Stocks
Category
Tactical allocation, risk-on/off, leveraged s&p 500, t-bills, insurance stocks, silver, momentum, volatility
Tickers in this symphonyThis symphony trades 8 assets in total
Ticker
Type
AJG
Arthur J. Gallagher & Co.
Stocks
IAK
iShares U.S. Insurance ETF
Stocks
PGR
Progressive Corporation
Stocks
SGOV
iShares 0-3 Month Treasury Bond ETF
Stocks
SHY
iShares 1-3 Year Treasury Bond ETF
Stocks
SIVR
abrdn Physical Silver Shares ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SSO
ProShares Ultra S&P500
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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toAJG, IAK, PGR, SSO, SGOVandSIVR. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 21.46%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 17.43%. 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 the symphony, 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.