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Symphonies
SPY - Bull or Hedge
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Rule-based, regime-switching strategy that shifts between stock-heavy bets (including leverage) and hedges (gold/dollar/bonds) using price trends, momentum, and volatility signals.
NutHow it works
A rule-based decision tree continually evaluates trends, momentum, volatility, and cross-asset relationships. If signals favor risk-taking, the plan tilts toward SPY and leveraged stock bets (SPXL) with a core 85% weight in a risk-parity style mix. If signals favor safety, it shifts to hedges (GLD, UUP) and bonds (TMF) while reducing stock exposure. Signals come from moving averages, current price vs. long-term averages, and RSI on volatility ETFs like UVXY to sense volatility surges. Rebalancing is not calendar-based but rule-based, and a small corridor width controls how aggressively weights can move. The tickers are stock-market proxies, volatility hedges, and traditional hedges (gold, dollar, bonds).
CheckmarkValue prop
Dynamic, rule-based strategy delivers higher risk-adjusted upside vs S&P 500: out-of-sample return ~43% vs SPY ~22%, Sharpe ~1.61 vs ~1.29, and max drawdown ~12% vs ~19%.

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Invest in this strategy
OOS Start Date
Sep 21, 2022
Trading Setting
Threshold 10%
Type
Stocks
Category
Multi-asset strategy, dynamic allocation, equity leverage, volatility hedging, risk parity, tactical asset allocation
Tickers in this symphonyThis symphony trades 8 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SPXL
Direxion Daily S&P 500 Bull 3x ETF
Stocks
SPXU
ProShares UltraPro Short S&P 500
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SQQQ
ProShares UltraPro Short QQQ
Stocks
TMF
Direxion Daily 20+ Year Treasury Bull 3X ETF
Stocks
UUP
Invesco DB US Dollar Index Bullish Fund
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.

"SPY - Bull or Hedge" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"SPY - Bull or Hedge" is currently allocated toGLDandUUP. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "SPY - Bull or Hedge" has returned 40.34%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "SPY - Bull or Hedge" is 12.33%. 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 "SPY - Bull or Hedge", 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.