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Symphonies
SPY Overbought Test (Publication)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily switch: normally hold SPY. If SPY’s 10‑day RSI > 80 (very hot), move 100% to UVXY, a volatility ETF that can surge when stocks drop. Aims to profit from quick pullbacks; carries high risk if the rally continues.
NutHow it works
- Each day it checks SPY (the big fund that tracks the S&P 500, i.e., 500 major U.S. stocks). - It computes a 10‑day RSI, a 0–100 gauge of recent speed: high when gains have far outweighed losses. Above 80 = very “hot/overbought.” - If RSI > 80, it buys UVXY, a volatility fund tied to VIX futures that often jumps when markets fall (but tends to lose value over time). - Otherwise, it holds SPY. 100% in one or the other; rebalanced daily.
CheckmarkValue prop
Out-of-sample: annualized return 26.88% vs SPY 19.77%; Sharpe 1.53 vs 1.27; Calmar 1.43. Beta ~0.97; max drawdown ~18.76%. 1,171-day backtest. A risk-adjusted strategy that outperforms the S&P 500 with similar downside risk.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.130.960.60.78
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
798.42%15.79%1.72%4.21%0.96
SPY Overbought Test (Publication)
5,303.31%30.53%1.72%4.2%1.4
Initial Investment
$10,000.00
Final Value
$540,331.41
Regulatory Fees
$214.93
Total Slippage
$1,964.01
Invest in this strategy
OOS Start Date
Jul 24, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical market timing, rsi overbought filter, us equities (spy), volatility (uvxy), daily rebalanced
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
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.

"SPY Overbought Test (Publication)" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"SPY Overbought Test (Publication)" is currently allocated toSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "SPY Overbought Test (Publication)" has returned 26.88%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "SPY Overbought Test (Publication)" is 18.76%. 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 Overbought Test (Publication)", 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.
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