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Symphonies
Cautious Fund Surfing | SPY vs. SHY & TLT | 3x
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, risk-managed switcher among 3x S&P 500 (UPRO), short-term Treasuries (SHY), and long-term Treasuries (TLT). Uses a volatility circuit breaker and a simple “heat” check to buy dips in calm markets and hide in bonds when markets get jumpy.
NutHow it works
Each day 15 mini-checks look at recent market calm/jitters and recent “heat.” - If the S&P 500 has been jumpy, hold long-term Treasuries (TLT). - If it’s calm, compare how “hot” stocks vs short-term Treasuries look. If stocks look cooler, buy 3x S&P (UPRO); if hot, sit in SHY. Blend the 15 checks equally.
CheckmarkValue prop
Out-of-sample edge: risk-managed 3-asset switcher (UPRO/SHY/TLT) targets higher risk-adjusted returns vs SPY. Sharpe ~1.41; ~41.8% annualized vs 22.2%. Expect higher drawdowns in stress; Calmar ~1.09 signals efficiency.

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Invest in this strategy
OOS Start Date
Apr 3, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical asset allocation, volatility filter, contrarian rsi signal, leveraged equity, treasuries, risk-managed timing
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
SHY
iShares 1-3 Year Treasury Bond ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
UPRO
ProShares UltraPro S&P 500
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 toUPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 37.24%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 38.22%. 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.