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Symphonies
CQ | Bank Blender V1.0 | 8.2.23
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily bet on big banks: 30% in the recent 2‑week winner and 70% in the most volatile bank. If they’re the same, it owns just that one. Highly concentrated, banks‑only, short‑term approach.
NutHow it works
Each day it scans major bank stocks (e.g., JPMorgan, Bank of America, HSBC, Goldman Sachs). It buys two picks: 30% goes to the bank that rose the most over the last 2 weeks; 70% goes to the bank with the biggest day‑to‑day swings over the last 2 weeks. If that’s the same stock, it holds just that one. It repeats daily. Result: a very concentrated, fast‑trading bet on the most active bank names.
CheckmarkValue prop
Out-of-sample edge: ~62.5% annualized return, ~19% max drawdown, Sharpe ~1.82, Calmar ~3.26. A bank-focused momentum+volatility strategy offers stronger risk-adjusted upside than the S&P 500, with higher turnover and concentration risk.

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Invest in this strategy
OOS Start Date
Jul 4, 2023
Trading Setting
Daily
Type
Stocks
Category
Financials,banks,momentum,volatility,short-term,daily rebalance,concentrated,global large banks
Tickers in this symphonyThis symphony trades 18 assets in total
Ticker
Type
BAC
Bank of America Corporation
Stocks
BBVA
Banco Bilbao Vizcaya Argentaria, S.A.
Stocks
BCS
Barclays PLC
Stocks
C
Citigroup Inc.
Stocks
COF
Capital One Financial
Stocks
DB
Deutsche Bank Aktiengesellschaft
Stocks
FITB
Fifth Third Bancorp
Stocks
GS
Goldman Sachs Group Inc.
Stocks
HSBC
HSBC Holdings PLC
Stocks
JPM
JPMorgan Chase & Co.
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.

"CQ | Bank Blender V1.0 | 8.2.23 " is currently performing the same as yesterday today. Performance updates in real time during market hours.

"CQ | Bank Blender V1.0 | 8.2.23 " is currently allocated toCOFandGS. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "CQ | Bank Blender V1.0 | 8.2.23 " has returned 62.48%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "CQ | Bank Blender V1.0 | 8.2.23 " is 19.19%. 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 "CQ | Bank Blender V1.0 | 8.2.23 ", 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.