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Symphonies
The Enigma of the Financial Universe 1.1
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Rules-based, daily risk-on/risk-off strategy. Uses bond and volatility signals to hold SPY, move to short‑term Treasuries, or shift into an equal‑weighted basket of defensive/hedge ETFs (including inverse/leveraged) during stress.
NutHow it works
Daily it makes a simple risk call. Bond stress? If a fund that rises when long‑term Treasury prices fall (TTT) looks stronger than short‑term junk bonds (SHYG), it goes defensive and splits equally across a basket of hedges. Otherwise it checks volatility: if the last 30 days are choppier than the past year, it parks in short‑term Treasuries (SHY); if the spike is extreme, it rotates into low‑vol defensive/short funds. If volatility is normal, it holds the S&P 500 (SPY) unless bonds have been weak lately, then it uses SHY. Equal weights; daily rebalance.
CheckmarkValue prop
Out-of-sample: ~9.48% annualized return, max drawdown ~10%, Calmar ~0.95, and a small negative beta vs SPY. Delivers stronger downside protection and defensive diversification in stress, with a disciplined rules-based process.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.190.150.050.23
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
267.83%12.28%-7.68%-7.76%0.74
The Enigma of the Financial Universe 1.1
914.89%22.89%1.41%1.31%1.83
Initial Investment
$10,000.00
Final Value
$101,488.59
Regulatory Fees
$362.57
Total Slippage
$2,269.80
Invest in this strategy
OOS Start Date
Apr 25, 2024
Trading Setting
Daily
Type
Stocks
Category
Tactical allocation, risk-on/risk-off, volatility targeting, momentum & mean-reversion, multi-asset, defensive hedging, leveraged/inverse etfs
Tickers in this symphonyThis symphony trades 25 assets in total
Ticker
Type
BND
Vanguard Total Bond Market
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
ERX
Direxion Daily Energy Bull 2X ETF
Stocks
FAS
Direxion Daily Financial Bull 3x ETF
Stocks
HDGE
AdvisorShares Ranger Equity Bear ETF
Stocks
PDBC
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Stocks
SDS
ProShares UltraShort S&P500
Stocks
SDY
State Street SPDR S&P Dividend ETF
Stocks
SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
Stocks
SHY
iShares 1-3 Year Treasury Bond 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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toSJB, BTAL, TBT, SHV, PDBC, TZAandSDY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 8.58%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 10.00%. 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 the symphony, 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.