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Symphonies
Tangency Portfolio 14
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, rules‑based portfolio that rides stock uptrends (tech‑tilted), adds VIX/defensive hedges when markets look overheated or jumpy, shifts to T‑bills/Treasuries in stress, and tactically buys deep dips; small sleeves in gold/commodities, REITs, and international.
NutHow it works
Every day it checks if stocks look hot or weak using simple “speed/heat” gauges (RSI = a 0–100 speedometer of recent moves) and long‑term trends (moving averages). If things look overheated, it adds hedges like VIXY (goes up when market fear jumps), plus defensives (BTAL; EUM) and Treasuries/T‑bills (IEI/IEF/TLT/BIL). On sharp dips, it “buy‑the‑dip” in tech (QQQ/XLK and their 2–3x versions like TQQQ/TECL/SOXL) if signals say it’s washed‑out. It also keeps small sleeves in gold/commodities, real estate, and international stocks when their trends are healthy. Rebalances daily.
CheckmarkValue prop
Out-of-sample drawdowns ~12.1% vs SPY ~18.8%; Calmar ~0.80; Sharpe ~0.68. A dynamic hedge + trend-following approach aims for steadier, capital-protective growth, not just upside.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.410.410.230.48
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
618.98%14.84%0.54%-0.34%0.91
Tangency Portfolio 14
71,298.1%58.54%-2.41%-4.5%3.32
Initial Investment
$10,000.00
Final Value
$7,139,809.67
Regulatory Fees
$25,110.28
Total Slippage
$160,130.53
Invest in this strategy
OOS Start Date
Oct 8, 2024
Trading Setting
Daily
Type
Stocks
Category
Multi-asset tactical allocation, trend-following + mean-reversion, volatility hedging, sector rotation, leveraged/inverse etfs, daily rebalancing
Tickers in this symphonyThis symphony trades 77 assets in total
Ticker
Type
AGG
iShares Core U.S. Aggregate Bond ETF
Stocks
AIA
iShares Asia 50 ETF
Stocks
BGX
Blackstone Long-Short Credit Income Fund
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
COST
Costco Wholesale Corp
Stocks
DBC
Invesco DB Commodity Index Tracking Fund
Stocks
EDC
Direxion Daily Emerging Markets Bull 3X Shares, Shares of beneficial interest, no par value
Stocks
EDV
Vanguard World Funds Extended Duration ETF
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 14" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Tangency Portfolio 14" is currently allocated toILCG, PGR, NVO, SVXY, UUP, LLY, EDC, ICF, GLD, TLT, TMV, SCHD, BIL, FXR, VOOV, COSTandIFGL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Tangency Portfolio 14" has returned 8.35%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Tangency Portfolio 14" is 12.08%. 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 14", 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.