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Symphonies
Simple volatility wrapper
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

All-or-nothing switch: hold BIL (Treasury bills) in calm markets; if the S&P 500’s 2‑day moves are extremely large (>~4.5%–5%), switch to UVXY to try to benefit from volatility spikes. UVXY is high risk and often falls once fear fades.
NutHow it works
It watches how wildly the S&P 500 (via SPY) has moved over the past 2 days. If those swings are very large (over about 4.5%–5%), it moves 100% into UVXY—an ETF tied to market “fear” (VIX) futures that can jump during panics. Otherwise it stays 100% in BIL, a cash‑like Treasury bill ETF. There’s no mix: UVXY only in extreme turmoil, BIL the rest of the time. UVXY is very risky and can drop fast when fear eases.
CheckmarkValue prop
Tail-risk hedge with SPY (S&P 500)–like returns but far less downside: OOS return ~19.19%, max drawdown ~3.23% vs SPY’s ~18.76%. Calmar ~5.94 signals strong risk-adjusted performance and cash-like stability except during spikes.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.19-0.390.08-0.28
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
681.5%15.36%0.54%-0.34%0.94
Simple volatility wrapper
350.03%11.02%0.28%0.86%0.54
Initial Investment
$10,000.00
Final Value
$45,002.71
Regulatory Fees
$20.61
Total Slippage
$141.82
Invest in this strategy
OOS Start Date
Jun 7, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Volatility spike hedge, tactical allocation, vix futures, treasuries, defensive, tail risk
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
UVXY
ProShares Ultra VIX Short-Term Futures 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.

"Simple volatility wrapper" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Simple volatility wrapper" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Simple volatility wrapper" has returned 18.20%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Simple volatility wrapper" is 3.23%. 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 "Simple volatility wrapper", 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.