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Symphonies
Simplified JEPQ FTLT
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, one‑ETF strategy. Uses a long‑term trend line and a short‑term “heat meter” to rotate among: JEPQ/JEPI (income from stocks + options), XLK (tech), BTAL (defensive anti‑beta), or BIL (T‑Bills).
NutHow it works
Each day: 1) Trend check: Is the S&P 500 above its 200‑day average? (Uptrend vs downtrend.) Uptrend: If a 10‑day “heat meter” on leveraged Nasdaq is very hot → BTAL (defensive). Else if broad market heat is very hot → BIL (T‑Bills). Else → JEPQ (Nasdaq stocks + options income). Downtrend: If tech is very cold → XLK (tech). Else if market is very cold → JEPI (S&P stocks + options income). Else if tech’s short‑term trend is down → BTAL. Else if inverse Nasdaq is very cold → BIL. Else → JEPQ.
CheckmarkValue prop
Out-of-sample edge: higher risk-adjusted returns with less market risk. Sharpe ~1.53 vs 1.29, drawdown ~14% vs 19%, annualized ~28.7% vs 21.5%, beta ~0.74. More growth with lower volatility than the S&P 500.

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Invest in this strategy
OOS Start Date
Dec 26, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical asset allocation, trend-following, mean-reversion, covered-call income, defensive, risk-on/off, single-position
Tickers in this symphonyThis symphony trades 9 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
JEPI
JPMorgan Equity Premium Income ETF
Stocks
JEPQ
J.P. Morgan Nasdaq Equity Premium Income ETF
Stocks
SPXL
Direxion Daily S&P 500 Bull 3x Shares
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SQQQ
ProShares UltraPro Short QQQ
Stocks
TQQQ
ProShares UltraPro QQQ
Stocks
XLK
State Street Technology Select Sector SPDR 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.

"Simplified JEPQ FTLT" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Simplified JEPQ FTLT" is currently allocated toJEPQ. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Simplified JEPQ FTLT" has returned 26.16%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Simplified JEPQ FTLT" is 13.99%. 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 "Simplified JEPQ FTLT", 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.