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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 its short-, medium-, and long-term average prices are all rising; otherwise sit in very short-term U.S. Treasuries (SHV). Checked daily to ride uptrends and step aside when momentum weakens.
NutHow it works
Each day it asks: is gold rising across short, medium, and long timeframes? - Compare GLD’s 24-day avg to 60-day, 60 to 150, and 200 to 350. - If all three shorter averages are higher, hold GLD (gold). - If any test fails, hold SHV (very short‑term U.S. Treasury bills). - Rebalance daily.
CheckmarkValue prop
Out-of-sample, this trend-based GLD/SHV strategy delivers ~32.6% annualized return with a 1.96 Sharpe and just 10.1% max drawdown, versus SPY’s ~22.5% return and ~18.8% drawdown—stronger risk-adjusted gains and tighter downside risk.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.10.0300.05
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
571.19%10.45%-1.77%0.2%0.6
GLD Macro Momentum
511.56%9.92%2.47%15.02%0.89
Initial Investment
$10,000.00
Final Value
$61,156.50
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 asset allocation,gold,commodities,defensive,rules-based,daily rebalance
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 29.24%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "GLD Macro Momentum" is 13.87%. 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, and options.