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Symphonies
Kipnis Defensive Adaptive Asset Allocation Approximation
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Monthly, momentum-driven, global multi-asset strategy with safety brakes. It buys the 5 strongest ETFs only when market ‘health’ signals (EEM and AGG) are positive and always pairs them with Treasuries or T‑Bills to limit drawdowns.
NutHow it works
Each month it checks the past 30 days. If both EEM (emerging stocks) and AGG (US bond market) are up, it puts 50% in the 5 best performers among: SPY=US stocks, VGK=Europe, EWJ=Japan, EEM, VNQ/RWX=real estate, IEF/TLT=US Treasuries, DBC=commodities, GLD=gold; and 50% in IEF if rising, else BIL (T‑Bills). If AGG is down, it skips the “top 5” and holds only IEF or BIL.
CheckmarkValue prop
Out-of-sample, this momentum strategy delivers ~23.5% annualized return with ~3.8% max drawdown, Sharpe 2.38 and Calmar 6.15, plus beta ~0.18—offering stronger risk-adjusted gains and better downside protection vs. the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.030.240.230.48
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
529.9%10.46%1.36%5.73%0.6
Kipnis Defensive Adaptive Asset Allocation Approximation
193.31%5.99%1.94%6.62%0.62
Initial Investment
$10,000.00
Final Value
$29,330.93
Regulatory Fees
$74.16
Total Slippage
$467.83
Invest in this strategy
OOS Start Date
Mar 8, 2025
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation, momentum/trend, multi-asset, risk-on/risk-off, defensive, monthly rebalanced
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 toVGK, DBC, SPY, EWJ, GLDandBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 23.52%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 3.83%. 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, crypto, and options.