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Symphonies
Gold Currency Hedge
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A tactical gold strategy that toggles between GLD and a 3× leveraged gold note (SHNY). It uses short‑term signals: buy SHNY when gold is oversold or trending up; otherwise sit in unlevered GLD. Always long gold; high risk due to leverage.
NutHow it works
It watches GLD (a large gold ETF) to read gold’s recent action. RSI is a 0–100 “speedometer” of recent moves; below 30 means gold has fallen fast. A positive 10‑day return means gold’s been rising. If either is true, it buys SHNY, a 3× daily gold note (very risky). Otherwise it holds GLD. It always holds one of the two and switches when signals flip.
CheckmarkValue prop
Out-of-sample edge: Sharpe ~1.61 vs SPY ~0.97; higher risk-adjusted returns with a tactical GLD/3x-levered gold approach. Calmar ~2.94; strong downside management despite larger drawdowns. Adds diversification vs the S&P.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.480.0800.03
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
78.12%23.1%1.36%5.73%1.43
Gold Currency Hedge
219.65%51.94%4.29%36.86%1.29
Initial Investment
$10,000.00
Final Value
$31,965.37
Regulatory Fees
$43.62
Total Slippage
$285.97
Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Gold, commodity, tactical allocation, momentum, mean reversion, leveraged etn, trend following, risk-on/off
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.

"Gold Currency Hedge" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Gold Currency Hedge" is currently allocated toSHNY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Gold Currency Hedge" has returned 88.21%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Gold Currency Hedge" is 30.05%. 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 "Gold Currency Hedge", 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.