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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

Switches between regular gold (GLD) and a 3× leveraged gold note (SHNY): use leverage when gold is oversold or trending up; fall back to GLD when conditions are neutral/weak. Aims to boost favorable moves while reducing leverage in choppy periods.
NutHow it works
It watches GLD (a large gold fund) over the last 10 trading days. If RSI—a gauge of how stretched recent moves are—is below 30 (gold looks oversold), it buys SHNY, a note aiming for 3× gold’s daily move. Else, if GLD is up vs 10 days ago, it also buys SHNY to ride momentum. Otherwise it holds GLD. It only switches when these signals change.
CheckmarkValue prop
Out-of-sample, this gold-tilting strategy outperforms the S&P 500 on risk-adjusted metrics: Sharpe 2.16 vs 0.98, Calmar 5.05, annualized return 151.8% vs 17.4%, with near-zero beta and selective leverage in favorable regimes.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.560.100.03
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
78.84%21.26%-0.15%0.4%1.35
Gold Currency Hedge
309.08%59.54%-1%28.17%1.24
Initial Investment
$10,000.00
Final Value
$40,908.00
Regulatory Fees
$77.50
Total Slippage
$344.88
Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Gold, tactical allocation, momentum, mean reversion, leveraged etn, commodity hedge
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 toSHNY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Gold Currency Hedge" has returned 101.76%. 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.