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

Rotates among three ideas using 60‑day trends: if bonds lag T‑Bills (rates up), either short the yen 2x (YCS) when the dollar trends up or hold gold (GLD) if it doesn’t. If bonds beat T‑Bills (rates down), hold rate‑hedged investment‑grade credit (IGHG).
NutHow it works
Look back 60 days. If broad bonds (BND) did worse than T‑Bills (BIL), rates likely rose. Then check the US dollar: if the dollar ETF (UUP) is above its 60‑day average (a simple trend), buy YCS (2x short yen); otherwise buy GLD (gold). If bonds beat T‑Bills (rates fell), buy IGHG (rate‑hedged investment‑grade corporate bonds).
CheckmarkValue prop
Macro-rotation strategy delivers superior out-of-sample risk-adjusted returns (Sharpe ~1.16 vs ~1.00 SPX), far lower drawdowns (8.4% vs 18.8%), and low beta (~0.12). Positive out-of-sample alpha means upside with less market risk 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
373.39%13.44%-1.77%0.2%0.82
NOVA | hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $
438.83%14.64%-0.76%4.53%1.12
Initial Investment
$10,000.00
Final Value
$53,882.98
Regulatory Fees
$163.96
Total Slippage
$1,050.84
Invest in this strategy
OOS Start Date
Jul 22, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Tactical macro rotation, currencies (usd/jpy), gold, investment-grade credit, trend following, leveraged etf, risk-managed
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 toYCS. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 13.05%. 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.