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Symphonies
Generalized Protective Momentum Simplified Approximation
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A monthly, equal-weight trend strategy: hold SPY, QQQ, and IWM only if their last ~30 trading days averaged a gain; otherwise park each sleeve in Treasuries (BIL or IEF) to reduce losses during downtrends.
NutHow it works
Each month, split money into three equal parts. For each part, check if the last ~30 trading days for SPY, QQQ, or IWM have, on average, gained. If yes, own that stock ETF. If not, switch that part to safety: BIL (T‑bills) for SPY/IWM, IEF (7–10y Treasuries) for QQQ. Repeat monthly.
CheckmarkValue prop
Out-of-sample edge: ~32% annualized return vs ~29% for the S&P, higher Sharpe (~2.44 vs ~1.41), notably lower drawdown (6.82% vs 13.73%), and strong Calmar (~4.69). A monthly trend-following mix that preserves upside and cuts losses.

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Invest in this strategy
OOS Start Date
Mar 8, 2025
Trading Setting
Monthly
Type
Stocks
Category
Trend-following, tactical asset allocation, risk-on/risk-off, us equities, treasuries, monthly rebalance, equal-weight
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
IWM
iShares Russell 2000 ETF
Stocks
QQQ
Invesco QQQ Trust, Series 1
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
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 toBILandIEF. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 25.61%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 6.82%. 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.