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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

Three daily signals compare stock strength to KMLM (a “risk‑off” fund). Bullish → buy 3x Nasdaq (TQQQ). Bearish → short Nasdaq (PSQ or 3x SQQQ), with aggressiveness set by SPY’s long‑term trend.
NutHow it works
A daily 3‑vote system to bet for or against the Nasdaq‑100. It uses KMLM (a managed‑futures fund that often rises when stocks fall) as a risk compass. If tech/market short‑term strength (RSI = 0‑100 up‑vs‑down‑days score) beats KMLM, vote bull (TQQQ). Otherwise vote bear: PSQ if SPY is healthy, SQQQ if SPY trends down. Final mix = equal weight of the 3 votes.
CheckmarkValue prop
Out-of-sample: ~57% annualized return with Sharpe ~1.26 vs S&P ~1.15, beta ~0.59, Calmar ~1.74. Nasdaq tilt with dynamic risk-off signals offers superior risk-adjusted growth versus the S&P.

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Invest in this strategy
OOS Start Date
Sep 7, 2024
Trading Setting
Daily
Type
Stocks
Category
Trend-following,momentum,risk-on/off,leveraged etfs,tactical allocation,nasdaq-100 bias,managed-futures signal
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
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 toPSQ. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 57.42%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 33.06%. 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.