Skip to Content
Trade options on Composer. Earn up to $200 in cash rebates!Get Started.T&Cs apply.
Symphonies
Exhibit 4 | Adaptive Asset Allocation | 4 choose 2
Today’s Change
—

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

About

Own the two strongest performers among US stocks, long Treasuries, gold, and the US dollar (based on the last 6 months), and tilt toward the steadier of the pair. Rebalanced weekly.
NutHow it works
Each week it looks at four ETFs: SPY (US stocks), TLT (long-term US Treasuries), GLD (gold), and UUP (US dollar). It compares their past 6-month performance and picks the two that did better. It then puts more money in the steadier one (based on ~1 month of ups/downs). Repeats weekly.
CheckmarkValue prop
Adaptive two-asset rotation among SPY, TLT, GLD, UUP using 6-month momentum and inverse-vol sizing. OOS Sharpe 2.05 vs 1.39; max drawdown ~6% vs ~19%; annualized return ~20.6% vs ~22.8%. Higher risk-adjusted returns with less downside.

Loading backtest data...

Invest in this strategy
OOS Start Date
Nov 4, 2022
Trading Setting
Weekly
Type
Stocks
Category
Adaptive asset allocation, momentum, inverse-vol weighting, global macro, weekly rebalance, stocks/bonds/gold/dollar
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
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 20.56%. 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, crypto, and options.