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Symphonies
Pershing Square - (AD:122.5%, DD 18.7%) Blackswan & 20% VIX Frontrunner & BDRY Short Indicator & Short Hedge
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Owns a Pershing Square–like stock basket by default, adds a 20% volatility hedge when markets look overheated, tries to buy sharp dips in tech/semis after big drops, and otherwise flips to defensive shorts or T-bills based on simple stock‑vs‑bond momentum signals.
NutHow it works
Most of the time it holds a Pershing Square–style stock basket. If broad markets or key sectors look “too hot” (short-term momentum very high), it keeps that basket but adds 20% UVXY (a volatility spike bet). After fast drops, it splits 50/50: half Pershing, half a single aggressive ETF to try a bounce. If conditions stay weak, it switches to defensive shorts or T‑bills using simple trend and stock‑vs‑bond momentum checks.
CheckmarkValue prop
Out-of-sample edge: ~46% annualized return vs ~17% for the S&P, lower risk (drawdown ~14.8%), beta ~0.79, Sharpe ~1.18, Calmar ~3.11. High-conviction picks plus a volatility hedge to capture upside and limit losses.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.750.310.030.18
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
172.51%13.85%-1.77%0.2%0.77
Pershing Square - (AD:122.5%, DD 18.7%) Blackswan & 20% VIX Frontrunner & BDRY Short Indicator & Short Hedge
30,037.22%109.35%-4.16%-1.08%2.36
Initial Investment
$10,000.00
Final Value
$3,013,721.61
Regulatory Fees
$6,679.89
Total Slippage
$43,302.69
Invest in this strategy
OOS Start Date
Sep 30, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Tactical allocation, momentum, volatility hedge, long/short, leveraged etfs, 13f clone, risk management
Tickers in this symphonyThis symphony trades 36 assets in total
Ticker
Type
BDRY
Breakwave Dry Bulk Shipping ETF
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BN
Brookfield Corporation
Stocks
BND
Vanguard Total Bond Market
Stocks
CMG
Chipotle Mexican Grill, Inc.
Stocks
CP
Canadian Pacific Kansas City Limited
Stocks
CURE
Direxion Daily Healthcare Bull 3X ETF
Stocks
FAS
Direxion Daily Financial Bull 3x ETF
Stocks
GOOGL
Alphabet Inc. Class A Common Stock
Stocks
HHH
Howard Hughes Holdings Inc.
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 toGOOGL, BN, QSR, CP, HLT, CMG, NKEandHHH. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 37.54%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 14.80%. 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.