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Symphonies
DBO Momentum
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, rules-based switch between an oil fund (DBO) and short‑term Treasuries (SHV): buy DBO only when oil is in a long‑term uptrend and has risen recently; otherwise park in SHV.
NutHow it works
Each day: 1) Check if DBO’s 50‑day average price is at/above its 200‑day average (long‑term uptrend). 2) If yes, also check if DBO is up roughly >2% over the last 20 trading days. If both pass, hold DBO. If either fails, hold SHV (short‑term U.S. Treasury ETF).
CheckmarkValue prop
Defensive oil-to-cash strategy that tucks into SHV in downturns and rides oil on uptrends. In out-of-sample tests, it cut drawdowns to ~6.6% vs SPY ~18.8%, offering downside protection and diversification, even if long-run returns lag the S&P.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.080.0300.04
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
529.26%10.53%-1.77%0.2%0.6
DBO Momentum
326.25%8.21%43.56%44.39%0.66
Initial Investment
$10,000.00
Final Value
$42,624.78
Regulatory Fees
$135.55
Total Slippage
$777.25
Invest in this strategy
OOS Start Date
Jan 5, 2024
Trading Setting
Daily
Type
Stocks
Category
Trend-following,momentum,commodities,crude oil,tactical allocation,risk-on/risk-off,etf
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
DBO
Invesco DB Oil Fund
Stocks
SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
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.

"DBO Momentum" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"DBO Momentum" is currently allocated toDBO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "DBO Momentum" has returned 15.47%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "DBO Momentum" is 6.62%. 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 "DBO Momentum", 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.