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Symphonies
KMLM | SPYU instead of Technology |
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily, it checks whether tech stocks are “hotter” than a managed‑futures fund. If yes, it goes long stocks (SPYU). If not, it takes a short bet against tech (TECS). 100% in one position at a time.
NutHow it works
Each day, it compares the recent “heat” of two things: U.S. tech stocks (XLK) and a managed‑futures fund (KMLM). If tech looks stronger over the last ~10 trading days, it buys a bullish stock ETF (SPYU). If not, it flips to a 3x inverse tech fund (TECS). 100% in one or the other.
CheckmarkValue prop
Out-of-sample edge: ~21.4% annualized return vs SPY’s ~20.1%, with positive alpha. Uses cross-asset momentum (tech vs futures) to ride uptrends and hedge tech risk. Potential upside beyond the S&P with diversification—but higher drawdown risk.

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Invest in this strategy
OOS Start Date
Aug 14, 2024
Trading Setting
Daily
Type
Stocks
Category
Momentum,cross-asset signal,risk-on/risk-off,sector rotation,leveraged etf,daily rebalance
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
Stocks
SPYU
MAX S&P 500 4x Leveraged ETN
Stocks
TECS
Direxion Daily Technology Bear 3x Shares
Stocks
XLK
State Street Technology Select Sector SPDR 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.

"KMLM | SPYU instead of Technology |" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"KMLM | SPYU instead of Technology |" is currently allocated toTECS. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "KMLM | SPYU instead of Technology |" has returned 35.69%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "KMLM | SPYU instead of Technology |" is 52.80%. 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 "KMLM | SPYU instead of Technology |", 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.