Skip to Content
Symphonies
NOVA | hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
Today’s Change
—

A symphony is an automated trading strategy — Learn more about symphonies here

About

A one‑position macro strategy that rotates among: YCS (betting the yen falls), GLD (gold), or IGHG (rate‑hedged investment‑grade bonds). It uses 60‑day trends in bonds vs T‑Bills and the US dollar to decide which to hold.
NutHow it works
Every day it checks two 60‑day signals: 1) If broad US bonds (BND) did worse than T‑Bills (BIL), rates are likely rising. Then it checks the US dollar (UUP): if today’s price is above its 60‑day average, buy YCS (2x short yen); otherwise buy GLD (gold). 2) If bonds did as well or better than T‑Bills, buy IGHG (rate‑hedged investment‑grade bonds).
CheckmarkValue prop
Out-of-sample edge: max drawdown 8.36% vs SPY 18.76%, Calmar 1.34, and positive alpha. A disciplined macro rotation (yen, gold, rate-hedged bonds) lowers risk and improves risk-adjusted return versus the S&P 500.

Loading backtest data...

Invest in this strategy
OOS Start Date
Jul 22, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Tactical macro, trend-following, short jpy, gold, ig credit, rate-hedged bonds, leveraged etf
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 toYCS. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 11.25%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 8.36%. 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.