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Symphonies
hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

If short‑term T‑bills outperform bonds and the US dollar is in an uptrend, take a 2x short‑yen position (YCS). Otherwise, stay in cash‑like T‑bills (BIL). A simple macro, trend‑based bet on a strong dollar vs the yen.
NutHow it works
It checks two simple trends over ~3 months: 1) Are cash‑like T‑bills (BIL) beating broad US bonds (BND)? If yes, rates are likely rising. 2) Is the US dollar fund (UUP) above its 60‑day average? If yes, the dollar is trending up. If both are true: buy YCS (a 2x fund that rises when the Japanese yen falls vs the US dollar). Otherwise: sit in BIL (short‑term US Treasuries). High risk when in YCS.
CheckmarkValue prop
Downside-focused macro strategy: out-of-sample max drawdown ~8.4% vs SPY ~18.8%, Calmar ~1.34, Sharpe ~1.0. Annualized ~11.2% (vs ~20.4% SPY), but with a steadier, more resilient ride during market stress.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.050.040.010.08
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
976.71%14.75%-1.77%0.2%0.85
hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
154.26%5.55%0.27%3.52%0.62
Initial Investment
$10,000.00
Final Value
$25,425.52
Regulatory Fees
$75.71
Total Slippage
$457.27
Invest in this strategy
OOS Start Date
May 8, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Macro, currency (jpy/usd), trend-following, tactical allocation, leveraged etf, dollar strength filter, rates regime filter, cash/t-bills fallback
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
UUP
Invesco DB US Dollar Index Bullish Fund
Stocks
YCS
ProShares UltraShort Yen
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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toYCS. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 10.80%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 8.36%. 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 the symphony, 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.