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Symphonies
Protected Leverage v2.4c 3x S&P 500 / NASDAQ v1.1 + Fund Surfing - K-1 Free
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Rules-based, K‑1‑free strategy that turns risk on when bonds are firm and scales exposure with volatility. In calm times it favors 3x S&P/Nasdaq; in stress it shifts to USD, long/short Treasuries, market‑neutral, staples, and selective inverse ETFs to cut drawdowns.
NutHow it works
Daily check: Are bonds (BND) up over ~2 months? If yes (Risk On), rotate among 3x S&P (UPRO), 3x Nasdaq (TQQQ), or short‑term Treasuries (SHY). The calmer stocks are, the more it favors UPRO/TQQQ; if jumpy, it sits in SHY. It picks what’s been most “sold off” lately to catch rebounds. If bonds are weak (Risk Off), it checks rates: rising → use dollar/hedges and sometimes inverse funds; falling → hold long Treasuries (TMF) plus defensives (BTAL, XLP).
CheckmarkValue prop
Out-of-sample: ~39.9% annualized return vs S&P ~21.1%; Sharpe ~1.15; Calmar ~0.90; max drawdown ~44.6% vs ~18.8% for S&P. Regime-switching leverages upside in calm markets (3x SPY/QQQ) and hedges in stress; no K-1s.

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Invest in this strategy
OOS Start Date
Jun 20, 2023
Trading Setting
Daily
Type
Stocks
Category
Leveraged equity rotation, risk-on/risk-off, volatility scaling, rates regime, defensive hedges, currencies/commodities, inverse etfs
Tickers in this symphonyThis symphony trades 20 assets in total
Ticker
Type
BND
Vanguard Total Bond Market
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
FXY
Invesco CurrencyShares Japanese Yen Trust
Stocks
HDGE
AdvisorShares Ranger Equity Bear ETF
Stocks
HEFA
iShares Currency Hedged MSCI EAFE ETF
Stocks
PDBC
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Stocks
SHY
iShares 1-3 Year Treasury Bond ETF
Stocks
SJB
ProShares Short High Yield
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SQQQ
ProShares UltraPro Short QQQ
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 toUPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 32.81%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 44.58%. 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.