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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 concentrated, long-only strategy: hold Yum! Brands (YUM) at 100% and rebalance daily to keep all cash invested. Your returns and risks rise and fall entirely with this one restaurant franchisor.
NutHow it works
It puts 100% of your money into Yum! Brands (ticker: YUM)—the company behind KFC, Taco Bell, Pizza Hut, and Habit Burger Grill. It rebalances daily, which mainly reinvests any cash (like dividends) back into YUM. No signals, timing, or hedges.
CheckmarkValue prop
Out-of-sample, this concentrated Yum! Brands strategy offers stronger downside protection than the S&P: drawdown 14.5% vs 18.8%, beta ~0.35, Calmar ~0.76, and steadier risk-adjusted return with ~11% annualized vs ~17% for the S&P.

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Invest in this strategy
OOS Start Date
Nov 19, 2024
Trading Setting
Daily
Type
Stocks
Category
Single-stock, equities, consumer discretionary, restaurants, long-only, daily rebalance, concentrated
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 toYUM. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio " has returned 11.01%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio " is 14.45%. 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.