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Symphonies
Exhibit 4 | Adaptive Asset Allocation | 3 choose 2 - QLD, QID, GLD
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Weekly, pick the best two among QLD (2x up Nasdaq), QID (2x up when Nasdaq falls), and GLD (gold) based on ~6‑month results, then size by recent calmness. Rebalanced weekly. Uses leveraged ETFs; expect high volatility.
NutHow it works
Each week, it looks back ~6 months to see which have done better: 1) QLD = a fund aiming for about 2x the daily UP move of the Nasdaq-100, 2) QID = a fund aiming for about 2x the daily UP move when the Nasdaq-100 falls (it rises when Nasdaq drops), and 3) GLD = gold. It then picks the best two and sizes them so the steadier one (over ~1 month) gets more weight. Rebalanced weekly. Warning: QLD and QID are leveraged; they can be very volatile and behave unexpectedly over time.
CheckmarkValue prop
Out-of-sample edge: ~28.8% vs S&P ~22%, lower drawdown (~10% vs ~19%), higher risk-adjusted return (Sharpe ~1.64), and low beta (~0.26). Weekly, rule-based mix of leveraged tech and gold targets steadier, higher growth than the S&P.

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Invest in this strategy
OOS Start Date
Nov 1, 2022
Trading Setting
Weekly
Type
Stocks
Category
Adaptive allocation,momentum,volatility-weighted,weekly rebalance,leveraged etfs,nasdaq 100,gold,rule-based
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 toGLDandQLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 28.82%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 10.14%. 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.