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Symphonies
Chadfundies mildly uncomfortable adventure | Deez | 8JUN2023 | 3YR BT: AR 23.4% DD 23.5%
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A concentrated bet on rising interest rates: 45% in three big U.S. financial firms (JPMorgan, BlackRock, State Street) and 55% in TMV, a 3× inverse ETF that goes up when long‑term Treasury prices fall. High risk, high volatility, little diversification.
NutHow it works
- 45% is split equally into three big U.S. financial firms: JPMorgan Chase (JPM), BlackRock (BLK), and State Street (STT). - 55% goes to TMV, an ETF built to rise about 3× when long‑term U.S. Treasury bond prices fall (i.e., when interest rates rise). - No scheduled rebalancing; weights drift over time. Works best if rates rise; risky if rates fall or recession hits.
CheckmarkValue prop
Out-of-sample return 23.76% vs S&P 21.82%, with Calmar ~1.16. Drawdowns are a bit higher (~20.5% vs 18.8%), but this concentrated rate-rise strategy offers higher upside in rising-rate cycles and can diversify a core equity portfolio.

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Invest in this strategy
OOS Start Date
Jun 8, 2023
Trading Setting
Threshold 10%
Type
Stocks
Category
Long financials, short long-term treasuries, leveraged inverse etf, rates-driven macro, concentrated, us large-cap, no scheduled rebalance
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
BLK
Blackrock, Inc.
Stocks
JPM
JPMorgan Chase & Co.
Stocks
STT
State Street Corporation
Stocks
TMV
Direxion Daily 20+ Year Treasury Bear 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)
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 toBLK, JPM, STTandTMV. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 23.76%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 20.53%. 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.