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Symphonies
Exhibit 4 | Adaptive Asset Allocation | 4 choose 2
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Weekly, it ranks SPY (US stocks), TLT (long Treasuries), GLD (gold), and UUP (US dollar) by 6‑month performance, buys the top two, and tilts toward the steadier one using recent volatility to adapt to changing markets.
NutHow it works
Each week, it looks back ~6 months to see which of four assets did best: US stocks (SPY), long US Treasury bonds (TLT), gold (GLD), and the US dollar vs. other currencies (UUP). It buys the top two and splits the money between them, giving more to the one with steadier moves over the last month (fewer ups/downs). This means the portfolio rotates among stocks (all sectors), bonds, gold, and the dollar as conditions change.
CheckmarkValue prop
Out-of-sample, this adaptive 2-asset strategy outperforms the S&P 500 on risk-adjusted terms: Calmar 3.67, Sharpe 2.17, max drawdown ~6%, and ~21.9% annualized return with lower volatility.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.110.0300.06
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
568.22%10.81%-0.15%0.4%0.62
Exhibit 4 | Adaptive Asset Allocation | 4 choose 2
616.51%11.23%0.67%5.58%1.09
Initial Investment
$10,000.00
Final Value
$71,650.53
Regulatory Fees
$118.09
Total Slippage
$695.01
Invest in this strategy
OOS Start Date
Nov 4, 2022
Trading Setting
Weekly
Type
Stocks
Category
Adaptive allocation,momentum,relative strength,inverse volatility,weekly rebalance,multi-asset (stocks/bonds/gold/usd)
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SPY
State Street 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 20.31%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 5.96%. 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, and options.