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

About

A rules-based, gold-only strategy. When gold drops sharply or trends up, it uses a 3x leveraged gold note (SHNY); otherwise it holds regular gold (GLD). Seeks bigger moves but can be very volatile and is not diversified.
NutHow it works
It looks at how gold has moved lately using GLD (a large fund that tracks gold). • If GLD fell hard recently (oversold), buy SHNY, a note that aims for about 3x gold’s daily move. • Else if GLD has been rising over ~2 weeks, buy SHNY to ride the trend. • Otherwise, hold GLD. Only one is held at a time. This can be very volatile and risky due to leverage and daily reset in SHNY.
CheckmarkValue prop
Out-of-sample edge: Sharpe ~2.16 vs SPX ~0.98; Calmar ~5.05; alpha ~1.04%. OOS return ~151.8% vs SPX ~17.4%. Low beta, but drawdowns ~30%. High-risk, high-reward gold strategy with strong risk-adjusted gains.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.550.0900.03
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
75.1%20.15%-1.77%0.2%1.29
Gold Currency Hedge
296.96%57.11%9.95%14.35%1.21
Initial Investment
$10,000.00
Final Value
$39,696.24
Regulatory Fees
$79.02
Total Slippage
$353.12
Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Gold, commodity, tactical, momentum, mean reversion, leveraged, etn, concentrated
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SHNY
MicroSectors Gold 3x Leveraged ETN
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.

"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 toGLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Gold Currency Hedge" has returned 94.14%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Gold Currency Hedge" is 39.01%. 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, and options.