Skip to Content
Trade options on Composer. Earn up to $200 in cash rebates!Get Started.T&Cs apply.
Symphonies
Exhibit 3 | ADAPTIVE ASSET ALLOCATION | 5C2
Today’s Change
—

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

About

A monthly, trend-following mix: keep 50% in cash, and put the other 50% into the two best 6‑month performers among US stocks, long Treasuries, gold, commodities, and the US dollar. Seeks steadier rides by rotating toward what’s been working.
NutHow it works
Each month, it checks which two of five choices rose the most over the past ~6 months: US stocks (SPY), long-term US Treasury bonds (TLT), gold (GLD), broad commodities (DBC), or the US dollar vs other currencies (UUP). It keeps 50% in cash and splits the other 50% evenly across those two picks.
CheckmarkValue prop
Out-of-sample, this strategy beats SPY on risk-adjusted terms: Sharpe 1.61 vs 1.30, Calmar 1.72, and much smaller drawdowns (10.4% vs 18.8%), with 50% in cash and diversified macro asset bets for smoother, more resilient growth.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.110.10.020.16
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
560.19%10.86%1.98%3.15%0.62
Exhibit 3 | ADAPTIVE ASSET ALLOCATION | 5C2
728.45%12.25%4.26%9.74%0.99
Initial Investment
$10,000.00
Final Value
$82,844.57
Regulatory Fees
$48.95
Total Slippage
$295.11
Invest in this strategy
OOS Start Date
Oct 30, 2022
Trading Setting
Monthly
Type
Stocks
Category
Adaptive asset allocation, momentum rotation, multi-asset, defensive, trend-following, monthly rebalance
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SPY
SPDR S&P 500 ETF Trust
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
UUP
Invesco DB US Dollar Index Bullish Fund
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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toGLDandSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 17.84%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 10.35%. 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 the symphony, 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.