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

About

Monthly, pick the strongest of QQQ, SPY, or ACWX by 1‑year return if it’s positive; if all three are negative, hold AGG. Aims to ride leaders (U.S. tech, broad U.S., or non‑U.S. stocks) and shift to bonds when equity trends turn down.
NutHow it works
Each month, look at the past 12‑month return of three stock funds: QQQ (big U.S. tech‑heavy stocks), SPY (broad U.S. large companies), and ACWX (stocks outside the U.S.). If at least one is up, buy 100% of the one that did best. If all three are down, hold AGG (broad U.S. bonds). Recheck monthly.
CheckmarkValue prop
Out-of-sample edge: 23.43% annualized return vs 22.17% for the S&P 500, similar drawdowns (~19%), and Calmar ~1.23. Captures leadership shifts across U.S. tech, broad markets, and ex-U.S. stocks with a bond hedge.

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Invest in this strategy
OOS Start Date
Apr 16, 2023
Trading Setting
Monthly
Type
Stocks
Category
Momentum, tactical allocation, u.s. stocks, international stocks, bonds, 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 22.20%. 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.