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Symphonies
Market-regime: LQD vs SPY
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily switch: buy SPY (broad U.S. stocks) only when LQD (corporate bonds) shows stronger recent price strength than SPY; otherwise sit in BIL (short‑term U.S. T‑Bills). Uses an RSI score to judge that “recent strength.”
NutHow it works
Each day it checks recent price strength (RSI: a 0–100 score of how strongly prices have risen or fallen) of LQD (investment‑grade corporate bonds, 14 days) versus SPY (S&P 500 stocks, 10 days). If LQD’s score is higher, it buys SPY. If not, it holds BIL (1–3 month U.S. T‑Bills). Idea: own stocks when credit looks healthy; park in T‑Bills when it doesn’t.
CheckmarkValue prop
Out-of-sample: ~20.7% annual return vs SPY 18.6%; lower max drawdown (14.3% vs 18.8%), higher Sharpe (~1.29 vs 0.99) and Calmar (~1.44). Daily rule: own SPY only when credit looks strong; otherwise park in cash.

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Invest in this strategy
OOS Start Date
Jan 7, 2025
Trading Setting
Daily
Type
Stocks
Category
Tactical asset allocation, regime filter, momentum/rsi, equities vs cash, defensive, daily rebalance
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
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.

"Market-regime: LQD vs SPY" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Market-regime: LQD vs SPY" is currently allocated toSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Market-regime: LQD vs SPY" has returned 16.38%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Market-regime: LQD vs SPY" is 14.33%. 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 "Market-regime: LQD vs SPY", 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.