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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 cash‑heavy, tactical gold hedge: 50% in a 3× gold note when gold is deeply oversold; otherwise 75% cash and a 25% gold sleeve—leveraged if the short‑term trend is up, plain GLD if not.
NutHow it works
It uses gold plus cash. - GLD tracks gold’s price. - SHNY tries to move about 3× gold daily (higher risk). Signals on GLD (10‑day): 1) If RSI—a 0–100 gauge of recent weakness/strength—is <30 (“oversold”): hold 50% SHNY and 50% cash. 2) Otherwise: hold 75% cash and 25% gold; use SHNY if price is higher than 10 days ago, else use GLD.
CheckmarkValue prop
Out-of-sample edge: Sharpe 2.16 vs S&P 0.98; Calmar 5.05; OOS return ~152% vs ~17% for S&P; beta near zero. Cash overlay + gold hedge seeks big upside with low market correlation.

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Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Gold, commodities, tactical allocation, momentum, mean reversion, risk-managed, cash overlay, 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 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.