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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

A tactical S&P 500 strategy that rides uptrends (SPY, sometimes SPXL), but shifts to hedges—gold (GLD), the U.S. dollar (UUP), or volatility (UVXY)—during selloffs. Uses a 200‑day trend, short‑term “heat” (RSI), and big drop/surge tripwires to flip between bull and hedge.
NutHow it works
It’s a switch between “go with stocks” and “hedge.” - First, it checks for panic; if extreme, it briefly buys a volatility fund (UVXY). - Otherwise it checks trend (SPY vs its 200‑day average: a long‑term trend line). Uptrend: hold the S&P 500 (SPY) and use the 3x version (SPXL) only on sharp dips (RSI = a short‑term “heat” score; low = washed out). If things get too hot or drop fast, step into gold (GLD) and the U.S. dollar (UUP), sized so the calmer one gets more. Downtrend: prefer GLD+UUP or UVXY; attempt brief bounces with SPXL only when very oversold.
CheckmarkValue prop
Out-of-sample: ~43% return, Sharpe ~1.61, Calmar ~3.50, max drawdown ~12.3% vs SPY: ~21.7% return, Sharpe ~1.29, drawdown ~18.8%. Higher risk-adjusted upside and stronger downside protection via adaptive hedges (gold, USD, volatility).
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.5-0.180.01-0.09
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
605.13%14.55%-1.77%0.2%0.89
SPY - Bull or Hedge
40,534.22%51.87%-0.6%1.4%1.38
Initial Investment
$10,000.00
Final Value
$4,063,422.33
Regulatory Fees
$8,215.59
Total Slippage
$55,120.50
Invest in this strategy
OOS Start Date
Sep 21, 2022
Trading Setting
Threshold 10%
Type
Stocks
Category
Tactical allocation, trend-following, risk-on/risk-off, leveraged etfs, volatility hedge, gold, u.s. dollar
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.