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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, split between winners and safety. Half goes to the 5 best recent performers across global stocks, REITs, Treasuries, commodities, and gold; the other half sits in Treasuries if trending up, else T‑Bills. If both stocks and bonds are weak, go fully to safety.
NutHow it works
Every month: 1) Look at the last ~1 month of returns. If both stocks (EEM) and bonds (AGG) look weak, hold only safety: IEF if rising, else BIL (T‑Bills). 2) Otherwise, put 50% into the 5 best performers among SPY (US stocks), VGK (Europe), EWJ (Japan), EEM (emerging), VNQ (US REITs), RWX (intl REITs), IEF/TLT (Treasuries), DBC (commodities), GLD (gold); and 50% into IEF if rising, else BIL.
CheckmarkValue prop
An easy, rules-based monthly strategy blending top-5 recent winners with a safety sleeve. Out-of-sample: ~31.5% annual return vs 29.3% for SPY, max drawdown ~3.8% vs 13.7%, Sharpe ~3.09, Calmar ~8.24 — better risk-adjusted growth than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.040.250.220.47
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
532.45%10.35%-0.15%0.4%0.6
Kipnis Defensive Adaptive Asset Allocation Approximation
225.32%6.5%2.77%10.91%0.66
Initial Investment
$10,000.00
Final Value
$32,531.99
Regulatory Fees
$75.22
Total Slippage
$473.99
Invest in this strategy
OOS Start Date
Mar 8, 2025
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation, global macro, momentum, trend-following, defensive, risk management, multi-asset
Tickers in this symphonyThis symphony trades 12 assets in total
Ticker
Type
AGG
iShares Core U.S. Aggregate Bond ETF
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
EEM
iShares MSCI Emerging Markets ETF
Stocks
EWJ
iShares MSCI Japan ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
RWX
State Street SPDR Dow Jones International Real Estate ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
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 toEEM, DBC, VNQ, EWJandGLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 30.39%. 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, and options.