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Symphonies
Old Tech - Backtest to 1990
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Core stakes in seven established tech/industrial names plus a monthly momentum sleeve that puts 51% into the three recent winners from an “old tech” list. Concentrated in semiconductors; low turnover due to a 5% rebalance band.
NutHow it works
It blends a steady core with a momentum tilt. 51% goes to the three stocks, from an “old tech” list, that have risen the most over the last ~60 trading days; that 51% is split evenly across the three. The other 49% is 7% each in INTC, MSFT, TXN, AMD, HPQ, GE, and IBM. It checks about monthly and only trades if weights drift more than 5% or the top 3 change.
CheckmarkValue prop
Stronger long-term growth: out-of-sample annualized return ≈29% vs SPY ≈22%, driven by momentum in older tech with a stable core. Expect higher drawdowns (≈28.7% vs 18.8%) but Calmar ≈1.01 signals durable risk-adjusted gains.

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Invest in this strategy
OOS Start Date
Apr 3, 2023
Trading Setting
Threshold 5%
Type
Stocks
Category
Momentum, core-satellite, single-stocks, semiconductors, old tech, large-cap, industrials, low-turnover
Tickers in this symphonyThis symphony trades 11 assets in total
Ticker
Type
ADSK
Autodesk Inc
Stocks
AMAT
Applied Materials Inc
Stocks
AMD
Advanced Micro Devices
Stocks
CGNX
Cognex Corp
Stocks
COHU
Cohu Inc
Stocks
GE
GE Aerospace
Stocks
HPQ
HP Inc.
Stocks
IBM
International Business Machines Corporation
Stocks
INTC
Intel Corp
Stocks
MSFT
Microsoft Corp
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.

"Old Tech - Backtest to 1990" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Old Tech - Backtest to 1990" is currently allocated toAMAT, INTC, TXN, GE, CGNX, COHU, HPQ, AMD, MSFTandIBM. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Old Tech - Backtest to 1990" has returned 25.81%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Old Tech - Backtest to 1990" is 28.73%. 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 "Old Tech - Backtest to 1990", 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.