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Symphonies
July 31 2024 ONLY
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

All-in, daily exposure to METU—a 2x leveraged fund linked to Meta Platforms (Facebook/Instagram/WhatsApp). Moves about twice as fast as META each day. Extremely concentrated and high risk; long-term results can diverge from a simple 2x multiple.
NutHow it works
It puts 100% of the portfolio into METU, a fund designed to deliver about twice the DAILY move of Meta Platforms—the company behind Facebook, Instagram, and WhatsApp. It resets this exposure each day. Results over longer periods can differ from 2x due to compounding.
CheckmarkValue prop
Out-of-sample, this 2x META strategy delivers ~28% annualized returns vs ~18% for the S&P, capitalizing on META’s daily moves with amplified upside. Higher volatility and 60% max drawdowns are the trade-off—suitable as a tactical META bet, not core.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
-0.12.70.420.65
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
30.9%16.8%-0.15%0.4%1
July 31 2024 ONLY
22.11%12.21%-1.68%-3.1%0.51
Initial Investment
$10,000.00
Final Value
$12,211.11
Regulatory Fees
$0.00
Total Slippage
$1.00
Invest in this strategy
OOS Start Date
Jul 31, 2024
Trading Setting
Daily
Type
Stocks
Category
Single-stock leveraged etf, 2x meta exposure, daily rebalanced, high risk, concentrated, short-term trading
Tickers in this symphonyThis symphony trades 1 assets in total
Ticker
Type
METU
Direxion Daily META Bull 2X 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.

"July 31 2024 ONLY" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"July 31 2024 ONLY" is currently allocated toMETU. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "July 31 2024 ONLY" has returned 22.60%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "July 31 2024 ONLY" is 60.05%. 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 "July 31 2024 ONLY", 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.