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

About

Daily shifts between 3× S&P 500 (UPRO) and long Treasuries (TLT). Only buys UPRO when stocks are calm and look washed‑out versus short‑term bonds; otherwise stays in TLT. Uses 15 lookback/volatility settings and equal-weights their signals.
NutHow it works
Each day, money is split across 15 mini-rules. For each rule: 1) Check if the S&P 500 (SPY) has been calm (low choppiness). 2) If calm, compare “heat” (RSI: a 0–100 gauge of how stretched or sold‑off prices are) of SPY vs a short‑term Treasury fund (SHY). If SPY looks washed‑out (lower RSI), buy UPRO (3× S&P 500). Otherwise hold TLT (long Treasuries). If not calm, hold TLT.
CheckmarkValue prop
Out-of-sample edge: ~39.8% annualized vs SPY ~22.6%, Calmar ~1.04. A rules-based blend of 3x equity in calm markets and Treasuries otherwise—higher upside with solid risk control, but drawdowns can exceed SPY in tough spells.

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OOS Start Date
Apr 3, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical allocation, volatility filter, mean reversion, leveraged s&p 500, long treasuries, daily rebalance
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 39.82%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 38.18%. 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 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, crypto, and options.