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Symphonies
KMLM Structure Example (basic logic from Jason)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily strategy that flips between a very aggressive long bet on big tech (TQQQ) and bearish Nasdaq bets (PSQ/SQQQ), using KMLM, tech-sector strength, and the broad market trend as signals.
NutHow it works
This strategy makes 3 daily “votes.” Each vote chooses either: - TQQQ: a very aggressive bet that big tech will rise, or - PSQ/SQQQ: bets that big tech will fall. Two votes compare stock market strength to KMLM, a managed-futures fund often used as a defensive benchmark. The third checks whether KMLM is above or below its recent average. If the market looks weak, it uses the stronger bearish fund SQQQ; otherwise it uses PSQ.
CheckmarkValue prop
Out-of-sample: about 24.3% annualized vs 17.6% for the S&P. A three-sleeve daily signal tilts toward Nasdaq upside with defensive hedges. Higher upside potential and solid risk-adjusted metrics, though drawdowns are larger.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.730.0600.02
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
122.56%14.71%-1.04%-0.34%0.91
KMLM Structure Example (basic logic from Jason)
3,500.03%84.92%-17.81%-19.77%1.47
Initial Investment
$10,000.00
Final Value
$360,003.11
Regulatory Fees
$827.06
Total Slippage
$6,266.09
Invest in this strategy
OOS Start Date
Sep 7, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical asset allocation, leveraged etfs, inverse etfs, nasdaq-100, momentum, trend following, risk-on/risk-off
Tickers in this symphonyThis symphony trades 6 assets in total
Ticker
Type
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
Stocks
PSQ
ProShares Short QQQ
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SQQQ
ProShares UltraPro Short QQQ
Stocks
TQQQ
ProShares UltraPro QQQ
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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toPSQandTQQQ. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 24.28%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 34.32%. 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.
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