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Symphonies
Fragility-Optimized Barbell v1 (Original)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Fragility-Optimized Barbell is a rule-based mix: 40% robust long-duration bonds (TLT), 40% antifragile core (GLD 25% + IBIT 15%), 15% managed futures (DBMF), and 5% cash (BIL). Rebalance quarterly or when a drift >10% or VIX >25 occurs. Aimed at mild antifragility with diversification across stress hedges and liquidity.
NutHow it works
- The portfolio is built from four blocks: Antifragile Core (GLD 25%, IBIT 15%), Robust Anchor (TLT 40%), Hedge/Alternatives (DBMF 15%), and Cash (BIL 5%). - Rebalance quarterly to maintain target weights. - If any asset’s weight drifts by more than 10 percentage points from its target, or if the VIX index rises above 25, rebalance earlier to restore the intended balance and reduce risk. - VIX > 25 signals market fear; the plan shifts back toward resilience (more ballast or cash) as needed. - The aim is to keep a steady exposure to both stress-tested assets (gold, bitcoin) and risk-off ballast (long Treasuries), with a trend-following hedge (DBMF) and liquidity (BIL) to weather different market regimes.
CheckmarkValue prop
Out-of-sample results show Fragility-Optimized Barbell delivering steadier, lower-drawdown performance vs the S&P 500 by balancing ballast (TLT), antifragile assets (GLD/IBIT), trend hedges (DBMF), and cash (BIL).
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.140.280.140.38
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
44.3%18.44%-1.77%0.2%1.13
Fragility-Optimized Barbell v1 (Original)
48.2%19.91%1.32%3.84%1.56
Initial Investment
$10,000.00
Final Value
$14,819.97
Regulatory Fees
$0.23
Total Slippage
$1.83
Invest in this strategy
OOS Start Date
Feb 24, 2026
Trading Setting
Quarterly
Type
Stocks
Category
Portfolio construction, antifragile barbell, risk management, etf-based strategy, hedging
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
DBMF
iMGP DBi Managed Futures Strategy ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
IBIT
iShares Bitcoin Trust ETF
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
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 toBIL, GLD, TLT, DBMFandIBIT. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 4.57%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 2.67%. 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.