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Symphonies
Diversify with Global Exposure
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Monthly “double momentum” that owns the stronger stock market (US or ex‑US) over the past year—only if it’s also beating cash‑like T‑bills. Otherwise it moves to broad U.S. bonds. Seeks to join uptrends and cut drawdowns.
NutHow it works
Every month, look back 12 months. 1) Compare US stocks (SPY, S&P 500) vs non‑US stocks (VEU, all‑world ex‑US). Pick the one that rose more. 2) Safety check: did that winner beat cash‑like T‑bills (BIL)? If yes, hold it; if not, hold broad U.S. bonds (AGG). SPY/VEU span many sectors; AGG holds Treasuries, mortgages, and corporate bonds. Recheck monthly.
CheckmarkValue prop
Dual momentum strategy: monthly bets on the stronger market (US vs ex-US) if it beats cash; otherwise move to bonds. Out-of-sample: Sharpe ~0.86 vs SPY ~0.82, max drawdown ~18.8% vs ~22.1%. Similar/better risk-adjusted return with downside protection.

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Invest in this strategy
OOS Start Date
Feb 13, 2022
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation, global momentum, trend following, risk-managed, etfs
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
AGG
iShares Core U.S. Aggregate Bond ETF
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
VEU
Vanguard FTSE All-World Ex-US 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.

"Diversify with Global Exposure" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Diversify with Global Exposure" is currently allocated toVEU. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Diversify with Global Exposure" has returned 11.34%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Diversify with Global Exposure" is 18.76%. 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 "Diversify with Global Exposure", 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.