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Symphonies
SPY Simply Off
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Stay in SPY by default. If short‑term market turbulence spikes, move 100% into a single defensive asset—gold (GLD) or long‑term Treasuries (TLT)—choosing the one that looks more recently oversold.
NutHow it works
Most of the time it holds SPY (broad U.S. stocks). When SPY’s day‑to‑day swings over the last week become unusually large, it switches to a single “safe haven”: gold (GLD) or long‑term U.S. Treasuries (TLT). It picks the one that has dropped more recently (a simple 10‑day “oversold” reading).
CheckmarkValue prop
Defensive-rotation strategy: stay in SPY in calm times, switch 100% into GLD or TLT during spikes. Aims for strong risk-adjusted returns (oos Sharpe ~1.25, Calmar ~0.85) with beta ~0.80, offering growth potential with lower market risk than SPY.

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Invest in this strategy
OOS Start Date
Jul 15, 2023
Trading Setting
Threshold 10%
Type
Stocks
Category
Regime switching, volatility filter, defensive rotation, tactical allocation, risk management, stocks-gold-bonds
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TLT
iShares 20+ Year Treasury Bond 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 Simply Off" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"SPY Simply Off" is currently allocated toSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "SPY Simply Off" has returned 14.94%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "SPY Simply Off" is 20.56%. 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 Simply Off", 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.