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Symphonies
JEPQ/PSQ - No Leverage
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily on/off switch for the Nasdaq: hold JEPQ (income-focused Nasdaq) in healthy or washed‑out markets, flip to PSQ (short Nasdaq) when fear spikes, tech overheats, or bonds/dollar signal risk‑off. Uses broad trend, volatility, and rates cues.
NutHow it works
It switches daily between two funds: - JEPQ: Nasdaq stocks with option income. - PSQ: moves up when the Nasdaq falls (1x inverse). It watches market thermometers: trend (price vs 200‑day avg), hot/cold moves (RSI, a 0–100 heat gauge), fear spikes (UVXY), tech heat (TQQQ/SOXL), bonds (TLT, BIL vs IEF), the dollar (UUP), and commodities (DBC). Own JEPQ in healthy or washed‑out markets; use PSQ when tech overheats or fear and rates say risk‑off. No leverage held.
CheckmarkValue prop
Out-of-sample edge: ~28.5% annual return vs ~23% S&P, higher Sharpe (~1.59 vs ~1.37), smaller drawdown (~12.8% vs ~18.8%), and Calmar ~2.22. Nasdaq daily switch, no leverage—aims for higher returns with less risk.

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Invest in this strategy
OOS Start Date
Dec 11, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical etf rotation,nasdaq focus,long/short switching,inverse hedge,daily rebalanced,risk-on/risk-off,quant signals,no leverage
Tickers in this symphonyThis symphony trades 18 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BSV
Vanguard Short-Term Bond ETF
Stocks
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
JEPQ
J.P. Morgan Nasdaq Equity Premium Income ETF
Stocks
PSQ
ProShares Short QQQ
Stocks
QQQ
Invesco QQQ Trust, Series 1
Stocks
SOXL
Direxion Daily Semiconductor Bull 3X Shares
Stocks
SPHB
Invesco S&P 500 High Beta ETF
Stocks
SPXL
Direxion Daily S&P 500 Bull 3x Shares
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.

"JEPQ/PSQ - No Leverage" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"JEPQ/PSQ - No Leverage" is currently allocated toJEPQ. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "JEPQ/PSQ - No Leverage" has returned 28.49%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "JEPQ/PSQ - No Leverage" is 12.84%. 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 "JEPQ/PSQ - No Leverage", 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, crypto, and options.