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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

Tactical gold exposure that toggles between GLD (1x) and SHNY (3x). It goes 3x when gold is oversold or trending up, and drops to 1x when the trend is weak.
NutHow it works
This strategy always holds gold, but it switches how aggressively it holds it. - GLD is a large fund that tracks gold’s price (about 1x moves). - SHNY is a note that tries to move about 3x as much as gold each day (higher risk). - It first checks if gold fell hard recently using a 10‑day “oversold” gauge (RSI). If very oversold, it buys SHNY to bet on a bounce. - If not oversold, it asks: has gold been rising lately? If yes, it buys SHNY to ride the uptrend. If no, it holds GLD instead. - It changes positions only when these signals flip, not on a fixed schedule.
CheckmarkValue prop
Out-of-sample, this tactical gold strategy beats the S&P on risk-adjusted return: Sharpe ~2.16 vs ~0.98, annualized ~152% vs ~17%, and Calmar ~5.05. It opportunistically leverages gold (GLD/SHNY) for big upside with disciplined drawdown control.

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Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Gold, precious metals, tactical, momentum, rsi, trend-following, leveraged, etn
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.