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Symphonies
Tangency Portfolio
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A simple, daily‑rebalanced mix of about half cash and half PY (Principal Value ETF), aiming to soften stock-market ups and downs while keeping exposure to U.S. value‑tilted stocks.
NutHow it works
Each day, the portfolio splits money about equally between: 1) PY (Principal Value ETF)—a fund that holds a broad mix of U.S. stocks tilted toward “value” (companies that look inexpensive on fundamentals), and 2) cash. It rebalances back to roughly 50%/50% when prices move.
CheckmarkValue prop
Cash-buffered U.S. value tilt with daily rebalancing offers a smoother ride and better downside protection than the S&P: oos drawdown ~17.8% vs ~18.8%; positive risk-adjusted return (Sharpe ~0.36) despite lower raw return (~4.7%).
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.010.730.420.65
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
279.32%14.23%-2.54%-4.14%0.83
Tangency Portfolio
166.39%10.27%-1.69%-1.81%0.59
Initial Investment
$10,000.00
Final Value
$26,639.11
Regulatory Fees
$0.00
Total Slippage
$1.00
Invest in this strategy
OOS Start Date
Nov 19, 2024
Trading Setting
Daily
Type
Stocks
Category
U.s. equities, value factor, cash overlay, daily rebalance, low-volatility, simple allocation
Tickers in this symphonyThis symphony trades 1 assets in total
Ticker
Type
PY
Principal Exchange-Traded Funds Principal Value 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.

"Tangency Portfolio " is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Tangency Portfolio " is currently allocated toPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio " has returned 2.76%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio " is 17.84%. 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 "Tangency Portfolio ", 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.