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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 leans into stocks when trends are strong, defends with bonds or low‑vol choices when weak, selectively owns commodities for inflation, keeps a steady income sleeve, and holds a small core of cash, gold, and bitcoin.
NutHow it works
Each month the portfolio rechecks trends and rebalances. - If major stock indexes are trending up, it uses amplified stock funds; if not, it shifts to defensive substitutes (like low‑vol/anti‑beta or unlevered versions). - If Treasuries are trending up, it favors calmer bond mixes; otherwise it holds broad bonds. - Each commodity is held only when it’s recently beating Treasuries; otherwise that slot sits in Treasuries. - A steady income basket always stays invested. - A small core holds cash‑like T‑bills, gold, and a bitcoin‑futures fund.
CheckmarkValue prop
Out-of-sample: higher risk-adjusted return and lower drawdowns vs the S&P 500. Sharpe 1.56 vs 1.30, Calmar 1.62, max drawdown 12.6% vs 18.8%, plus lower beta and inflation-hedging diversification for steadier growth.

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Invest in this strategy
OOS Start Date
Jul 3, 2023
Trading Setting
Monthly
Type
Stocks
Category
Multi-asset, rules-based, trend-following, tactical allocation, income, inflation hedge, etfs
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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, JEPI, TQQQ, URTY, BNDW, DEFI, GLD, CEFS, FPEI, UDOW, DBB, BILandBND. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 20.47%. 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, crypto, and options.