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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 daily tactical strategy using the Convertible Bonds ETF (CWB) as an early risk gauge. Weak CWB = defensive (gold, currency hedges, insurance) with oversold dip‑buys. Strong CWB = risk‑on, trading nat‑gas/oil volatility and tilting into growth or inflation hedges.
NutHow it works
Each day it checks a risk gauge: the Convertible Bonds ETF (CWB). If its short‑term trend (EMA) is below the long‑term trend, it goes defensive: gold (GLD), currency hedges (YCS/EUO), insurance (KIE), and buys sectors only when their RSI (0–100; <30 = washed‑out) flags bargains. If the gauge is strong, it turns risk‑on: reads natural‑gas and oil volatility to go long/short (UNL/UNG/KOLD, USL/SCO), and uses bond trend (ZROZ vs TLT) to tilt into growth (QQQ/SMH) or stagflation hedges. Rebalanced daily; uses leveraged/inverse ETFs.
CheckmarkValue prop
Out-of-sample edge: 23.9% annual return vs 19.1% for the S&P, higher risk-adjusted Sharpe (1.61 vs 1.13), smaller drawdowns (9.8% vs 18.8%), and lower beta. A diversified, regime-switching strategy that aims to protect capital while seeking growth.

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Invest in this strategy
OOS Start Date
Oct 31, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical multi-asset, risk-on/risk-off, volatility-regime, commodities (nat gas/oil), convertibles signal (cwb), leveraged/inverse etfs, daily rebalance
Tickers in this symphonyThis symphony trades 56 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BIS
ProShares UltraShort NASDAQ Biotechnology
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
CURE
Direxion Daily Healthcare Bull 3X ETF
Stocks
CWB
State Street SPDR Bloomberg Convertible Securities ETF
Stocks
DBA
Invesco DB Agriculture Fund
Stocks
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
DUG
ProShares UltraShort Energy
Stocks
EEV
ProShares Trust UltraShort MSCI Emerging Markets
Stocks
EUM
ProShares Trust Short MSCI Emerging Markets
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, KIE, BTAL, GLDandEUO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 23.91%. 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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