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Symphonies
Pick the Trending Asset Class
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Quarterly, use bonds vs T‑bills to decide risk. If bonds (BND) beat T‑bills (BIL), buy the top 3‑month performer among QQQ, MDY, or SHY. If not, hold IEF (7–10yr Treasuries). Single ETF at a time.
NutHow it works
Every quarter, it checks the last ~2 months: did broad U.S. bonds (BND) beat T‑bills (BIL)? If yes (risk‑on), buy the one with the best last‑3‑month return among QQQ (big tech‑heavy stocks), MDY (mid‑cap U.S. stocks), or SHY (short‑term Treasuries). If no (risk‑off), buy IEF (7–10yr Treasuries).
CheckmarkValue prop
Out-of-sample Sharpe 0.94 and Calmar 0.59 show stronger risk-adjusted performance vs the S&P, with smaller drawdowns (16.97% vs 22.09%) and a disciplined quarterly risk-on/off rotation that aims to capture upside while limiting losses.

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Invest in this strategy
OOS Start Date
Feb 13, 2022
Trading Setting
Quarterly
Type
Stocks
Category
Etf rotation, momentum, risk-on/risk-off, tactical asset allocation, quarterly rebalance, us stocks, treasuries
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
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
MDY
State Street SPDR S&P MIDCAP 400 ETF Trust
Stocks
QQQ
Invesco QQQ Trust, Series 1
Stocks
SHY
iShares 1-3 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.

"Pick the Trending Asset Class" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Pick the Trending Asset Class" is currently allocated toIEF. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Pick the Trending Asset Class" has returned 9.92%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Pick the Trending Asset Class" is 16.97%. 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 "Pick the Trending Asset Class", 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.