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Symphonies
Commander BND V1 | 4 Trade Days / Year | Garen Mod
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Quarterly regime switch: bonds vs T‑bills picks Risk‑On or Risk‑Off. Then it buys the most “beaten‑up” choices from preset ETFs—growth/leveraged in Risk‑On; hedges, USD, or defensives (plus some cash) in Risk‑Off. Mean‑reversion focus.
NutHow it works
Each quarter it makes two checks. 1) Bonds vs cash: If the total US bond market (BND) beat 1–3m T‑bills (BIL) over ~60 days, go Risk‑On: buy 4 of 6 growth funds (leveraged tech/semis/Nasdaq/S&P/financials and long Treasuries TMF) with the lowest 10‑day RSI (a short‑term “how beaten‑up” score). 2) Otherwise Risk‑Off, then rates: If long Treasuries (TLT) lagged T‑bills over ~20 days (rising rates), hold 3 oversold hedges (inverse Treasuries, defensive stocks, inverse stock funds, VIX, market‑neutral) plus 40% long USD (USDU). If not (falling rates), hold 4 oversold defensives (staples, healthcare, Treasuries, short Treasuries, gold) and keep ~20% cash.
CheckmarkValue prop
Out-of-sample annualized return ~44% vs ~22% for the S&P; risk managed by quarterly regime-switching and contrarian hedges with USD exposure. Calmar ~0.87; expect higher drawdowns (~51%) in downturns.

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Invest in this strategy
OOS Start Date
Oct 5, 2022
Trading Setting
Quarterly
Type
Stocks
Category
Regime switching, mean reversion, quarterly, leveraged/inverse etfs, bonds vs t‑bills, risk‑on/risk‑off, usd, volatility
Tickers in this symphonyThis symphony trades 22 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
FAS
Direxion Daily Financial Bull 3x ETF
Stocks
PST
ProShares Trust UltraShort Lehman 7-10 Year Treasury
Stocks
QID
ProShares UltraShort QQQ
Stocks
SDS
ProShares UltraShort S&P500
Stocks
SHY
iShares 1-3 Year Treasury Bond ETF
Stocks
SOXL
Direxion Daily Semiconductor Bull 3X ETF
Stocks
TBT
ProShares Trust UltraShort Lehman 20+ Year Treasury
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 toUSDU, BTAL, VIXYandVIXM. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 45.60%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 51.23%. 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.