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

About

A cautious switcher between 3× S&P 500 (UPRO) and long Treasuries (TLT). It only buys 3× stocks when recent volatility is low and stocks aren’t “hot”; otherwise it sits in TLT. Uses 15 short lookbacks, averages their votes, and rebalances daily since 2009.
NutHow it works
This strategy “surfs” between two funds every day: UPRO (a fund that aims to move about 3× as much as the S&P 500) and TLT (long‑term U.S. Treasury bonds). It runs 15 quick checks using recent 14–42 days of data: - If the stock market (SPY) has been calm (small daily swings), AND its short‑term “heat score” (RSI: a 0–100 measure of recent ups vs downs) looks cooler than a cash‑like bond fund (SHY), that check buys UPRO. - Otherwise it holds TLT. The portfolio averages all 15 votes. More “UPRO votes” means more UPRO; jumpy or overheated markets push it into TLT.
CheckmarkValue prop
Significantly higher upside vs the S&P 500: OOS annualized return ≈39.8% vs ≈22%. Volatility-gated 3x equity exposure with a Treasuries hedge aims to ride rallies and cushion downturns. Calmar ≈1.04; expect larger drawdowns (~38%).
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.220.790.260.51
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
880.97%14.66%-1.77%0.2%0.88
Cautious Fund Surfing | SPY vs. TLT | 3x
15,234.63%35.18%-6.26%-1.92%1.28
Initial Investment
$10,000.00
Final Value
$1,533,462.53
Regulatory Fees
$3,983.06
Total Slippage
$25,081.06
Invest in this strategy
OOS Start Date
Apr 3, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical allocation, stocks vs bonds, leveraged etfs, volatility filter, rsi momentum, daily rebalance
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 31.74%. 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, and options.