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Symphonies
GLD Macro Momentum
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Own gold (GLD) only when gold is rising across short, medium, and long trends; otherwise hold SHV (cash‑like T‑bills). Checked daily.
NutHow it works
Each day it checks gold’s trend using simple averages of past prices. It compares short vs longer averages at three timeframes (~5 weeks vs 3 months, ~3 vs 7 months, ~9 vs 16 months). If all three show “up,” it owns GLD (a gold ETF). Otherwise it parks in SHV, which holds very short‑term U.S. Treasury bills. This keeps you in gold during sustained uptrends and in T‑bills when gold isn’t trending up.
CheckmarkValue prop
Out-of-sample edge: ~24.4% annual return vs 22.9% S&P, lower drawdown (10.1% vs 18.8%), and higher Sharpe. Gold only in sustained uptrends; otherwise cash-like Treasuries. Simple, rules-based, no leverage—better risk-adjusted growth than the S&P.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.090.0300.05
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
582.75%10.71%1.36%5.73%0.61
GLD Macro Momentum
415.5%9.08%6.85%18.5%0.87
Initial Investment
$10,000.00
Final Value
$51,550.32
Regulatory Fees
$31.99
Total Slippage
$216.84
Invest in this strategy
OOS Start Date
Apr 7, 2023
Trading Setting
Daily
Type
Stocks
Category
Trend-following, momentum, tactical allocation, gold, commodities, risk management, t-bills
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.

"GLD Macro Momentum" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"GLD Macro Momentum" is currently allocated toGLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "GLD Macro Momentum" has returned 24.43%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "GLD Macro Momentum" is 10.13%. 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 "GLD Macro Momentum", 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.