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Symphonies
Pershing Square - (AR: 113.5%, MDD: 17.3%) 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

Tracks Bill Ackman’s Pershing Square stocks, adds a 20% volatility kicker when markets look overheated, and switches to tactical hedges/shorts when conditions weaken. Buys the core on deep dips; stays fully long when a shipping-demand gauge is firm.
NutHow it works
Core: 80–100% in Pershing Square names (Alphabet, Hilton, Chipotle, Restaurant Brands, Howard Hughes, Canadian Pacific, Brookfield, Nike). When many market/sector gauges look overbought (a short-term “speedometer” reads high), it keeps 80% core and adds 20% UVXY to catch a volatility pop. If a shipping-demand gauge (BDRY) is firm, it stays fully in the core. If the market is very oversold, it buys the core. Otherwise, it shifts to hedges/shorts (e.g., SQQQ, SPXU) or, at times, TQQQ/cash based on bond-vs-stock strength.
CheckmarkValue prop
Out-of-sample, this strategy targets ~24% annualized return vs ~17% for the S&P, with solid risk-adjusted metrics (Sharpe ~0.97, Calmar ~1.62) and smaller drawdowns (~14.8% vs ~18.8%). Growth potential with disciplined hedging from Pershing Square ideas.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.690.220.020.14
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
172.51%13.85%-1.77%0.2%0.77
Pershing Square - (AR: 113.5%, MDD: 17.3%) 20% VIX Frontrunner & BDRY Short Indicator & Short Hedge
18,590.86%96.8%-4.16%-1.08%2.35
Initial Investment
$10,000.00
Final Value
$1,869,086.18
Regulatory Fees
$4,904.97
Total Slippage
$31,781.25
Invest in this strategy
OOS Start Date
Sep 30, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
13f replication, volatility overlay, momentum/overbought signals, long/short, tactical hedging, consumer/real estate tilt
Tickers in this symphonyThis symphony trades 33 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 19.30%. 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.