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

About

Each month, hold either U.S. stocks (SPY) or gold (GLD)—whichever had the higher return over the last 90 days. If SPY didn’t win, it defaults to gold. A simple way to follow the stronger trend.
NutHow it works
Once a month, it looks back 90 days and compares SPY (an ETF of the 500 biggest U.S. companies) with GLD (an ETF that tracks gold). If SPY did better, it holds SPY for the next month; otherwise (including ties) it holds GLD. SPY/GLD are used because they’re liquid and often move differently. Then it repeats.
CheckmarkValue prop
Out-of-sample, this SPY/GLD momentum strategy delivers ~23% annualized return with Sharpe ~1.30, outperforming SPY’s ~14% and Sharpe ~0.82. Monthly, trend-driven switches offer higher upside with diversification vs the S&P 500.

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Invest in this strategy
OOS Start Date
Feb 13, 2022
Trading Setting
Monthly
Type
Stocks
Category
Tactical asset allocation, momentum, trend-following, monthly rebalance, stocks vs gold
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
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 Gold" is currently performing the same as yesterday today. Performance updates in real time during market hours.

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

Year-to-date, "Switch between Stocks and Gold" has returned 21.08%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Switch between Stocks and Gold" is 25.57%. 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 Gold", 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.