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Symphonies
Tangency Portfolio 10
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A rules-based, all-weather portfolio: holds a diversified core, then dials risk up in healthy uptrends (often via tech/semis) and down when markets look hot or fearful, adding volatility hedges, Treasuries, and gold as needed.
NutHow it works
It starts broadly diversified (US stocks by sector, some international, Treasuries, dollar/gold). Then simple “thermometers” guide shifts: RSI (0–100 speedometer of recent moves), price vs moving averages (trend), and VIX (fear gauge). If uptrend/tech leads, it adds growth or leverage; if overheated or fear spikes, it adds hedges (VIX funds, anti‑beta, inverse EM) and Treasuries/gold. It also hedges hotspots (e.g., semis) briefly.
CheckmarkValue prop
Out-of-sample edge: Sharpe ~1.11 vs SPY ~0.98; max drawdown ~10.6% vs 18.8%; Calmar ~1.20; OOS annualized return ~12.7% vs SPY ~17.4%. Higher risk-adjusted upside and more resilience than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.150.40.520.72
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
623.02%14.89%-0.15%0.4%0.92
Tangency Portfolio 10
1,917.27%23.46%0.42%1.88%2.31
Initial Investment
$10,000.00
Final Value
$201,727.45
Regulatory Fees
$272.09
Total Slippage
$1,550.16
Invest in this strategy
OOS Start Date
Oct 4, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Multi-asset tactical allocation, sector rotation, momentum/trend, volatility hedging, leveraged/inverse etfs, risk-on/risk-off
Tickers in this symphonyThis symphony trades 81 assets in total
Ticker
Type
AGG
iShares Core U.S. Aggregate Bond ETF
Stocks
AIA
iShares Asia 50 ETF
Stocks
AMZN
Amazon.Com Inc
Stocks
BGX
Blackstone Long-Short Credit Income Fund
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
BWZ
SPDR Bloomberg Short Term International Treasury Bond ETF
Stocks
CME
CME Group Inc.
Stocks
CURE
Direxion Daily Healthcare Bull 3X Shares
Stocks
EDC
Direxion Daily Emerging Markets Bull 3X Shares, Shares of beneficial interest, no par value
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 10" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Tangency Portfolio 10" is currently allocated toUPRO, TIP, TMUS, IEF, XLV, SOXL, TMF, MRK, CURE, XLF, UUP, EEMV, SHY, XLB, TQQQ, EFA, LLY, XLE, MA, AMZN, UNH, FAS, IEI, V, ICF, JPM, TSLA, GLD, TLT, WMT, XLI, XLY, FXR, VOOV, XBIandIFGL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio 10" has returned 11.99%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio 10" is 10.65%. 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 10", 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.