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

About

Own one fund each month: SPY (U.S. stocks), VEU (non‑U.S. stocks), or BIL (T‑bills). If U.S. stocks beat cash over 12 months, hold the stronger of SPY vs VEU; otherwise sit in BIL. Seeks growth while cutting big drawdowns.
NutHow it works
Each month, compare 12‑month gains. SPY = big U.S. stocks (S&P 500). VEU = non‑U.S. stocks worldwide. BIL = very short‑term U.S. Treasury bills (cash‑like). Step 1: If SPY beat BIL over the past year, be in stocks; else hold BIL. Step 2 (only if in stocks): hold whichever did better: SPY or VEU. Sector exposure follows what you hold: SPY heavy U.S. tech; VEU broad non‑U.S.; BIL is cash‑like.
CheckmarkValue prop
Out-of-sample, this SPY/VEU/BIL momentum rotation beats SPY on risk-adjusted return (Sharpe ~1.36 vs 1.14) with higher annualized gains (~28.5% vs 22.9%), similar drawdowns, and built-in downside protection through cash-like exposure.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.020.560.530.73
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
576.31%11.38%0.54%-0.34%0.64
Global Equities Momentum Approximation
325.19%8.5%-0.74%6.32%0.61
Initial Investment
$10,000.00
Final Value
$42,518.74
Regulatory Fees
$17.78
Total Slippage
$119.16
Invest in this strategy
OOS Start Date
Mar 2, 2025
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation,momentum,trend-following,etf rotation,global equities,monthly rebalance,downside risk control
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
VEU
Vanguard FTSE All-World Ex-US 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.

"Global Equities Momentum Approximation" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Global Equities Momentum Approximation" is currently allocated toVEU. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Global Equities Momentum Approximation" has returned 21.80%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Global Equities Momentum Approximation" is 14.71%. 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 "Global Equities Momentum Approximation", 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.