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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 split between SPY (S&P 500) and cash, rebalanced daily. It aims to lower volatility and drawdowns versus all stocks, but will trail in strong bull markets. Straightforward, diversified exposure with no timing or indicators.
NutHow it works
It keeps a simple 50/50 mix of SPY (an ETF that tracks the S&P 500) and cash. It rebalances daily to stay at 50/50—trimming SPY after rises and buying after drops. You get broad exposure to big U.S. companies (tech, healthcare, finance, etc.) with gentler ups and downs. No signals.
CheckmarkValue prop
Out-of-sample, this strategy closely tracks the S&P 500 in return and risk, while adding a built-in cash cushion with a 50/50 SPY/cash split. Simple, rule-based, ~17% annualized return with solid risk metrics (Calmar ~0.91, Sharpe ~0.91).

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Invest in this strategy
OOS Start Date
Nov 19, 2024
Trading Setting
Daily
Type
Stocks
Category
Buy & hold, asset allocation, us large-cap, spy, 50/50 with cash, lower volatility
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 toSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio " has returned 17.03%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio " is 18.76%. 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.