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Symphonies
Commander BND V4 | 4 Trade Days / Year | Garen Mod | Ribbon Bonds
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Quarterly, a bond‑vs‑T‑bill signal flips between “risk‑on” (leveraged growth funds) and “risk‑off” (defensive hedges). A Treasury trend check fine‑tunes the risk‑off mix. It ranks choices by recent trend and holds four funds equally.
NutHow it works
Every quarter it asks: have broad bonds beaten 1–3mo T‑bills lately? If yes, it buys 4 fast‑moving growth funds (tech/semis/S&P/Nasdaq/long‑Treasuries) ranked by recent trend. If no, it checks whether long Treasuries are rising. If weak (rates up), it holds defensive hedges + US dollar. If strong (rates down), it owns staples/healthcare/Treasuries/gold and may keep ~20% cash.
CheckmarkValue prop
Out-of-sample, this regime-switching strategy aims ~44% annualized return vs ~22% for the S&P, with Calmar ~1.11 and positive oos alpha (~0.12). It offers higher upside through risk-on leverage and hedges, but larger drawdowns (~40% vs ~19%).

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Invest in this strategy
OOS Start Date
Oct 5, 2022
Trading Setting
Quarterly
Type
Stocks
Category
Regime switching, momentum ranking, quarterly rebalance, leveraged etfs, inverse/volatility hedges, bonds vs t‑bills
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 Shares
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 Shares
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 44.56%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 40.06%. 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.