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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

A simple monthly “Dual Momentum” plan using three ETFs: SPY (U.S. stocks), VEU (stocks outside the U.S.), and BIL (T‑Bills). Own the stronger stock market only when U.S. stocks beat cash; otherwise sit in BIL.
NutHow it works
Each month, look back 12 months. If U.S. stocks (SPY, S&P 500) did better than very short‑term U.S. Treasury bills (BIL), stay in stocks; then own whichever did better: U.S. (SPY) or non‑U.S. stocks (VEU, outside the U.S.). If SPY lost to BIL, hold BIL. One fund at a time. SPY/VEU are broad, low‑cost stock funds; BIL is a cash‑like T‑Bill fund.
CheckmarkValue prop
Out-of-sample performance shows higher returns and better risk-adjusted results vs the S&P 500: annualized return 28.5% vs 22.9%, Sharpe 1.36 vs 1.14, with a built-in risk-off to cash to help manage drawdowns.

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Invest in this strategy
OOS Start Date
Mar 2, 2025
Trading Setting
Monthly
Type
Stocks
Category
Trend-following,dual momentum,global equities,monthly rotation,risk management
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 20.84%. 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.