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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, defensive blend: roughly 50% in SPY (the S&P 500) and 50% in cash, rebalanced daily. It keeps broad U.S. stock exposure while cutting volatility and drawdowns versus being 100% in stocks.
NutHow it works
It keeps the portfolio split about 50/50 between SPY and cash, rebalanced every trading day. SPY is an ETF that tracks the S&P 500—big U.S. companies like Apple, Microsoft, Alphabet (Google), Amazon, Tesla, etc. If stocks rise, it trims SPY back to 50%; if they fall, it buys SPY with cash.
CheckmarkValue prop
Similar upside to SPY, but with a transparent 50/50 SPY/cash overlay and daily rebalance. Out-of-sample: ~16.75% annualized return, Sharpe ~0.93, max drawdown ~19%, beta ~1, Calmar ~0.89 — a simple, disciplined path to market returns.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
-0111
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
2,727.61%10.64%-0.15%0.4%0.64
Tangency Portfolio
2,726.2%10.64%-0.15%0.4%0.64
Initial Investment
$10,000.00
Final Value
$282,620.46
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, s&p 500, cash overlay, defensive, risk management, daily rebalance, simple allocation
Tickers in this symphonyThis symphony trades 1 assets in total
Ticker
Type
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.

"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 14.01%. 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, and options.