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Symphonies
NOVA | hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Rules‑based macro rotation. If longer US bonds (BND) trail T‑Bills (BIL) and the dollar (UUP) trends up, hold YCS (2× short yen). If bonds trail but the dollar isn’t strong, hold GLD (gold). If rates fall (BND beats BIL), hold IGHG (rate‑hedged corporate bonds).
NutHow it works
Every day it asks two questions: 1) Have longer US bonds (BND) lagged T‑Bills (BIL) over ~3 months? If no, buy IGHG (investment‑grade bonds hedged against interest‑rate moves). If yes, check the US dollar trend with UUP (dollar index): if rising (price above 60‑day avg), buy YCS (2× short Japanese yen). If not rising, buy GLD (gold). It holds 100% in the chosen ETF until a signal flips.
CheckmarkValue prop
Out-of-sample edge: Sharpe 1.16 vs ~1.00; max drawdown 8.4% vs 18.8%; annualized return ~16.94% vs 17.54% S&P; Calmar ~2.03; beta ~0.12. A disciplined, single-asset rotation with stronger risk control than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.120.170.050.22
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
383.51%13.68%-0.15%0.4%0.83
NOVA | hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
441.62%14.74%1.6%6.03%1.13
Initial Investment
$10,000.00
Final Value
$54,161.78
Regulatory Fees
$162.34
Total Slippage
$1,040.07
Invest in this strategy
OOS Start Date
Jul 22, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Macro, trend-following, currency (usd/jpy), gold, corporate credit, tactical rotation, rules-based
Tickers in this symphonyThis symphony trades 6 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
IGHG
ProShares Investment Grade-Interest Rate Hedged
Stocks
UUP
Invesco DB US Dollar Index Bullish Fund
Stocks
YCS
ProShares UltraShort Yen
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 toIGHG. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 13.56%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 13.87%. 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.