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

About

Daily rotation based on short‑term momentum: if a managed‑futures fund (KMLM) beats a muni‑bond fund (NYF), hold gold (GLD); otherwise hold 2× Nasdaq‑100 (QLD). One holding at a time, rebalanced daily.
NutHow it works
Each day, it compares a 10‑day “recent‑strength” score (RSI: 0–100; more up than down days = higher) for two reference funds: KMLM (trend‑following across commodities, currencies, rates) and NYF (New York muni bonds). If KMLM’s score is higher, it buys GLD (gold). Otherwise it buys QLD (a 2× Nasdaq‑100 fund). It holds only one at a time and rechecks daily.
CheckmarkValue prop
Out-of-sample edge: ~47.7% annualized return vs SPY ~30%, Calmar ~3.05, via a disciplined GLD/QLD rotation driven by macro momentum. Higher upside with risk controls; drawdowns can be larger in stress markets.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.391.260.430.65
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
98.01%14.06%0.54%-0.34%0.86
KMLM v NYF
1,409.7%68.64%-1.88%-3.8%1.77
Initial Investment
$10,000.00
Final Value
$150,970.46
Regulatory Fees
$260.15
Total Slippage
$1,735.00
Invest in this strategy
OOS Start Date
Jun 17, 2025
Trading Setting
Daily
Type
Stocks
Category
Tactical allocation,momentum (rsi),regime switching,gold,leveraged equities,managed futures,bonds,daily rebalance,single-asset rotation
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
Stocks
NYF
iShares New York Muni Bond ETF
Stocks
QLD
ProShares Ultra QQQ
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 v NYF" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"KMLM v NYF" is currently allocated toGLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "KMLM v NYF" has returned 26.12%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "KMLM v NYF" is 15.68%. 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 v NYF", 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.