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Symphonies
Convertible Securities ETF Momo as A Leading Risk Metric
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A very active market-timing strategy that treats convertible bonds as an early risk alarm, then shifts between defensive assets and aggressive bets in commodities, bonds, and stock sectors.
NutHow it works
This strategy uses CWB, a fund of convertible bonds, as an early warning signal for market stress. If CWB weakens, it shifts toward defense: gold, currency hedges, insurance, and low-risk stock exposure. If CWB stays healthy, it becomes aggressive and rotates among natural gas, oil, bonds, tech, healthcare, and financials using short-term trend, volatility, and rebound signals.
CheckmarkValue prop
Out-of-sample edge: Sharpe 1.71 vs S&P 0.91; annualized return 25.1% vs 14.8%; max drawdown 9.8% vs 18.8%; beta 0.34; Calmar 2.56. Higher upside with lower risk and low market beta—strong diversification vs the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.20.330.250.5
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
615.12%14.28%-5.62%-4.09%0.89
Convertible Securities ETF Momo as A Leading Risk Metric
3,326.91%27.11%3.41%6.37%2.22
Initial Investment
$10,000.00
Final Value
$342,691.37
Regulatory Fees
$1,693.45
Total Slippage
$11,848.72
Invest in this strategy
OOS Start Date
Oct 31, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical asset allocation, macro, commodities, sector rotation, risk-on/risk-off, leveraged etfs, inverse etfs
Tickers in this symphonyThis symphony trades 56 assets in total
Ticker
Type
BIL
SPDR Series Trust - State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BIS
ProShares Trust - ProShares UltraShort Nasdaq Biotechnology -2x Shares
Stocks
BTAL
AGF Investments Trust - AGF U.S. Market Neutral Anti-Beta Fund
Stocks
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X ETF
Stocks
CWB
SPDR Series Trust - State Street SPDR Bloomberg Convertible Securities ETF
Stocks
DBA
Invesco DB Agriculture Fund - Common units of beneficial interest
Stocks
DBC
Invesco DB Commodity Index Tracking Fund - Units of fractional undivided beneficial interest
Stocks
DUG
ProShares Trust - ProShares UltraShort Energy
Stocks
EEV
ProShares Trust - ProShares UltraShort MSCI Emerging Markets -2x Shares
Stocks
EUM
ProShares Trust - ProShares Short MSCI Emerging Markets -1x Shares
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 toYCS, QQQ, KIE, BTAL, IGV, GLDandEUO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 25.07%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 9.81%. 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.
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Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

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