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Symphonies
Pershing Square Equities - (AR:95%, DD:17.9%) BDRY Short Hedge
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Own Pershing Square’s stocks when conditions look healthy or washed out; otherwise hedge/short using inverse Nasdaq/S&P ETFs, with occasional quick tech longs, guided by simple trend and bond-strength signals.
NutHow it works
What it owns by default: a Pershing Square stock basket (Hilton, Chipotle, Google, Howard Hughes, Canadian Pacific, Brookfield, Nike). When it stays there: if shipping costs (BDRY ETF) show healthy momentum (RSI>50; RSI is a 0–100 “buying vs selling” gauge) or if the S&P 500 is very oversold (RSI<30). Otherwise, it flips to defense: mainly inverse Nasdaq/S&P funds (SQQQ, SPXU), sometimes cash-like T‑Bills (BIL), or brief tech longs (TQQQ), chosen by simple trend checks (20‑day averages, recent drops) and bond strength (TLT/IEF) versus short‑QQQ (PSQ).
CheckmarkValue prop
Out-of-sample results show higher risk-adjusted returns and steadier growth: Sharpe 1.21 vs 0.96, 31.8% vs 16.9%, drawdown 12.8% vs 18.8%, beta ~0.25, Calmar 2.49—more upside with less downside than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.630.270.030.17
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
180.99%14.63%2.19%5.01%0.8
Pershing Square Equities - (AR:95%, DD:17.9%) BDRY Short Hedge
11,136.49%86.63%4.2%11.62%2.15
Initial Investment
$10,000.00
Final Value
$1,123,648.87
Regulatory Fees
$2,326.13
Total Slippage
$14,991.85
Invest in this strategy
OOS Start Date
Sep 30, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Equities, tactical allocation, trend-following, 13f replication, risk-on/risk-off, leveraged etfs, hedged, momentum
Tickers in this symphonyThis symphony trades 20 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
GOOGL
Alphabet Inc. Class A Common Stock
Stocks
HHH
Howard Hughes Holdings Inc.
Stocks
HLT
Hilton Worldwide Holdings Inc.
Stocks
IEF
iShares 7-10 Year Treasury Bond ETF
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 31.76%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 12.75%. 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.