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Symphonies
The Enigma of the Financial Universe 3.4 (K-1 free)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A rules-driven, risk-on/risk-off strategy. In fear or rate stress it shifts to cash-like and hedging positions; in calm uptrends it leans into high-octane tech/semiconductor ETFs (often 3x), using a simple 0–100 “heat meter” (RSI) to time entries and exits.
NutHow it works
It’s a rule-based “risk switch.” First, it checks if fear is high (using volatility). If yes, it parks in safer spots: T‑bills, USD, gold, market‑neutral or short funds. If not, it looks at interest‑rate and trend signals. In calm/uptrends it buys fast‑moving tech/semis (often 3x funds). It uses RSI—a 0–100 heat meter of recent ups vs downs—to spot “overbought/oversold” and flip between bullish and bearish positions. It always keeps some hedges (USD, gold, short‑term Treasuries).
CheckmarkValue prop
Out-of-sample edge: 32.2% annualized return vs 27.6% for the S&P, 12.4% max drawdown vs 18.8%, and Calmar 2.60. Sharpe ~1.57. Adds hedges and regime-switching for higher, more resilient growth than the S&P 500.

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Invest in this strategy
OOS Start Date
Oct 29, 2023
Trading Setting
Threshold 7%
Type
Stocks
Category
Tactical asset allocation, regime switching, volatility targeting, mean reversion, trend following, leveraged etfs, hedging, multi-asset
Tickers in this symphonyThis symphony trades 76 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BKLN
Invesco Senior Loan ETF
Stocks
BND
Vanguard Total Bond Market
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
COST
Costco Wholesale Corp
Stocks
CURE
Direxion Daily Healthcare Bull 3X Shares
Stocks
ERX
Direxion Daily Energy Bull 2X Shares
Stocks
ERY
Direxion Daily Energy Bear 2X Shares
Stocks
FAS
Direxion Daily Financial Bull 3x Shares
Stocks
FAZ
Direxion Daily Financial Bear 3x Shares
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 toUSDU, TMF, QQQ, HDGE, BTAL, BKLN, GLDandPDBC. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 32.21%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 12.38%. 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, crypto, and options.