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Symphonies
Switch between Stocks and Bonds
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A monthly switch between US stocks (SPY) and long‑term Treasury bonds (TLT) based on which did better over the last 3 months. Own only the current winner to ride trends and try to sidestep big stock declines.
NutHow it works
Once a month, compare the past 3‑month performance of two ETFs: SPY (US large‑company stocks) and TLT (long‑term US Treasury bonds). If SPY did better, hold 100% SPY next month; otherwise hold 100% TLT. No mixing. Recheck monthly and switch if the leader changes.
CheckmarkValue prop
Simple monthly SPY/TLT momentum: switch to the winner to ride uptrends and tame big declines. Out-of-sample return ~3%, Sharpe ~0.26, clear risk discipline, and a useful diversification complement to buy-and-hold SPY.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.080.160.040.2
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
1,059.48%11.07%0.54%-0.34%0.66
Switch between Stocks and Bonds
790.17%9.82%0.34%-0.54%0.71
Initial Investment
$10,000.00
Final Value
$89,017.38
Regulatory Fees
$87.59
Total Slippage
$597.20
Invest in this strategy
OOS Start Date
Feb 13, 2022
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation,momentum,monthly rotation,stocks vs bonds,etf,trend-following
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
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.

"Switch between Stocks and Bonds" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Switch between Stocks and Bonds" is currently allocated toTLT. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Switch between Stocks and Bonds" has returned 2.33%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Switch between Stocks and Bonds" is 27.43%. 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 "Switch between Stocks and Bonds", 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.