Skip to Content
Symphonies
Dual Momentum
Today’s Change
—

A symphony is an automated trading strategy — Learn more about symphonies here

About

A simple monthly “go with the winner” plan: pick the top performer among US stocks (SPY), big US tech (QQQ), or international stocks (ACWX) only if they’ve risen over the last year; otherwise hold US bonds (AGG). 100% in one fund at a time.
NutHow it works
Each month it looks back 12 months at three stock funds: SPDR S&P 500 (US stocks), Invesco QQQ (big US tech/growth), and iShares ACWI ex‑US (stocks outside the US). If at least one made money over that period, it buys the single best performer. If all three lost money, it moves to iShares Core US Aggregate Bond (broad US bonds). 100% goes into that one pick until next month.
CheckmarkValue prop
Out-of-sample return 23.43% vs SPY 22.17%; Calmar ~1.23. Momentum rotation among SPY/QQQ/ACWX with AGG fallback—higher upside with risk/drawdown similar to the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.020.940.750.87
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
1,052.96%15.53%-1.77%0.2%0.92
Dual Momentum
1,100.77%15.81%-4.35%6.93%0.88
Initial Investment
$10,000.00
Final Value
$120,077.40
Regulatory Fees
$54.93
Total Slippage
$378.67
Invest in this strategy
OOS Start Date
Apr 16, 2023
Trading Setting
Monthly
Type
Stocks
Category
Momentum, trend following, tactical allocation, global stocks, bonds, absolute momentum, relative momentum, monthly rebalance
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
ACWX
iShares MSCI ACWI ex US ETF
Stocks
AGG
iShares Core U.S. Aggregate Bond ETF
Stocks
QQQ
Invesco QQQ Trust, Series 1
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
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.

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

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

Year-to-date, "Dual Momentum " has returned 21.01%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Dual Momentum " is 18.99%. 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 "Dual 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.