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Symphonies
Modern Permanent Portfolio (Public Edition)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A monthly, rules‑based “modern permanent portfolio” that balances growth, bonds, income, and inflation hedges. It goes on offense when trends are strong and shifts to defensive assets when they’re not, plus a small cash/gold/bitcoin core.
NutHow it works
Each month money is spread across four sleeves: Growth (stocks), Bonds (deflation hedge), Income funds, and an Inflation hedge. It checks simple trends: if something has been rising (recent average > older average, or 1‑month return beats Treasuries), it uses the “offense” version (stock indexes, sometimes leveraged, or commodities). If not, it switches to “defense” (market‑neutral BTAL, dividend funds, or Treasuries). A small core always holds T‑Bills, gold, and bitcoin.
CheckmarkValue prop
Out-of-sample edge: a rules-based four-sleeve strategy that beats SPY on risk-adjusted return (Sharpe ~1.71 vs ~1.30), higher annualized return (~22.5% vs 20.7%), and smaller drawdown (~12.6% vs ~18.8%), with lower beta.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.070.580.580.76
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
81.82%18.74%-1.77%0.2%1.14
Modern Permanent Portfolio (Public Edition)
82.79%18.92%2.4%6.21%1.47
Initial Investment
$10,000.00
Final Value
$18,279.41
Regulatory Fees
$3.38
Total Slippage
$19.38
Invest in this strategy
OOS Start Date
Jul 3, 2023
Trading Setting
Monthly
Type
Stocks
Category
Multi-asset, tactical, trend-following, defensive overlays, income, equities, bonds, commodities, inflation hedge, global diversification
Tickers in this symphonyThis symphony trades 31 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
BNDW
Vanguard Total World Bond ETF
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
CEFS
Saba Closed-End Funds ETF
Stocks
DBA
Invesco DB Agriculture Fund
Stocks
DBB
Invesco DB Base Metals Fund
Stocks
DBO
Invesco DB Oil Fund
Stocks
DEFI
Hashdex Commodities Trust
Stocks
DEM
WisdomTree Emerging Markets High Dividend Fund
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 toDIVO, SPDW, IEF, EEM, SPXL, DBO, JEPI, TQQQ, URTY, BNDW, DEFI, GLD, CEFS, FPEI, UDOW, BILandBND. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 20.13%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 12.64%. 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.