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Symphonies
Tangency Portfolio 12**
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A rules-driven, daily-checked portfolio that leans into stocks (especially U.S. tech) when trends are healthy, but automatically dials down risk into hedges, bonds, and cash-like assets when markets look overheated or stressed. Designed to smooth the ride.
NutHow it works
- Start with a 50/30/10/10 split: stocks/bonds/commodities/volatility. - Each slice checks simple gauges daily: trend vs long-term average, a “hot/cold” meter (RSI), and the “fear index” (VIX). - If calm and trending up: hold sector ETFs and core bonds. - If overheated or fear rising: shift pieces into hedges (VIX funds, anti-beta, T‑bills).
CheckmarkValue prop
Out-of-sample, this strategy delivers better risk-adjusted returns with far lower drawdowns: Sharpe 1.04 vs SPY 0.97; max drawdown 9.3% vs 18.8%; Calmar 1.39. It uses rules-based hedging to keep upside while protecting you in stress—more resilient than the S&P 500.

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Invest in this strategy
OOS Start Date
Oct 8, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical multi-asset, sector rotation, trend + momentum, volatility hedged, risk-managed, daily rebalanced
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 12**" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Tangency Portfolio 12**" is currently allocated toUPRO, TIP, IEF, PGR, BGX, XLV, SOXL, TMF, CURE, NVO, XLF, UUP, EEMV, SHY, VDC, XLB, TQQQ, EFA, LLY, XLE, FAS, IEI, ICF, GLD, TLT, XLI, XLY, FXR, COST, XBIandIFGL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio 12**" has returned 12.91%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio 12**" is 9.29%. 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 12**", 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.