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

About

A daily, high‑octane switch: usually 3× long tech (TECL) when stocks look stronger; flips to a mix that bets against long Treasuries and the Nasdaq (TBF/TBT/PSQ/QID) when a trend‑following fund (KMLM) looks stronger and is in an uptrend.
NutHow it works
Three equal slices watch tech (XLK), the S&P 500 (SPY), and semis (SMH). Daily per slice: if that index’s short‑term strength (RSI = 0–100 momentum score) beats KMLM’s (a trend‑following futures fund), buy TECL (3× tech). If not—and KMLM is below its 20‑day average—still buy TECL. Only when KMLM is stronger and above its 20‑day average, hold equal parts of inverse bond and inverse Nasdaq funds (TBF, TBT, PSQ, QID). Rebalanced daily.
CheckmarkValue prop
Out-of-sample edge vs SPY: ~96% annualized return vs ~19%, Sharpe 1.33 vs 1.12, Calmar ~1.93. Regime-switching with a 3x Tech tilt and defensive inverses aims for big upside with strong risk-adjusted returns.

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Invest in this strategy
OOS Start Date
Aug 16, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical momentum, regime filter, leveraged etfs, inverse etfs, technology focus, daily rebalance
Tickers in this symphonyThis symphony trades 9 assets in total
Ticker
Type
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
Stocks
PSQ
ProShares Short QQQ
Stocks
QID
ProShares UltraShort QQQ
Stocks
SMH
VanEck Semiconductor ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TBF
ProShares Short 20+ Year Treasury ETF
Stocks
TBT
ProShares Trust UltraShort Lehman 20+ Year Treasury
Stocks
TECL
Direxion Daily Technology Bull 3x ETF
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 | Technology" is currently performing the same as yesterday today. Performance updates in real time during market hours.

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

Year-to-date, "KMLM | Technology" has returned 96.13%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "KMLM | Technology" is 49.79%. 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 | 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.