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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 50/50 mix of a U.S. value‑stock ETF (PY) and cash, rebalanced every trading day. It aims to cut volatility and drawdowns versus being fully in stocks, at the cost of giving up upside in strong bull markets.
NutHow it works
It keeps your money split 50/50 between a value‑stock fund (PY) and cash. Every trading day it rebalances back to that split—selling a bit of PY after rises and buying a bit after drops. There are no market‑timing signals—just a steady 50/50 mix.
CheckmarkValue prop
Lower risk, smoother returns with a 50/50 value stock + cash mix. OOS drawdown ~17.8% vs SPY ~18.8%; Calmar ~0.23. Daily rebalances buy dips. Long-run upside ~4% vs ~18% for SPY—quieter, steadier growth.
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
292.32%15.14%1.2%6.23%0.87
Tangency Portfolio
168.92%10.74%2.34%1.43%0.61
Initial Investment
$10,000.00
Final Value
$26,892.34
Regulatory Fees
$0.00
Total Slippage
$1.00
Invest in this strategy
OOS Start Date
Nov 19, 2024
Trading Setting
Daily
Type
Stocks
Category
Equities, value tilt, cash overlay, static allocation, daily rebalancing, us stocks, risk management
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 4.58%. 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, crypto, and options.