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Symphonies
Top Patent Approvals 2010-2017
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Equal‑weight portfolio of ~25 companies that consistently earned the most patent approvals in 2010–2017, aiming to capture durable innovators. Rebalanced quarterly; heavy tilt to big tech and chip makers, plus select industrial, consumer, and healthcare names.
NutHow it works
Each year from 2010–2017, companies are scored by how many patents they got approved; scores are turned into 0–100 percentiles and then averaged. The top 25 long‑term patent leaders are held equally and reset every 3 months. The basket skews to big tech and chip makers (IBM, Microsoft, Apple, Intel, Taiwan Semiconductor, Qualcomm), with some industrials (GE, Boeing, Honeywell) and consumer/healthcare (Procter & Gamble, Nike, Medtronic).
CheckmarkValue prop
Out-of-sample edge: 15.65% annualized return vs 14.01% for the S&P, with similar risk-adjusted Sharpe (~0.79) but higher drawdown (~29.5% vs 22%). Equal-weight, quarterly rebalance focused on durable tech/semiconductor leaders.

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Invest in this strategy
OOS Start Date
Feb 13, 2022
Trading Setting
Quarterly
Type
Stocks
Category
Innovation, patents, equal-weight, large-cap tech, semiconductors, global adrs, quarterly rebalance
Tickers in this symphonyThis symphony trades 24 assets in total
Ticker
Type
AAPL
Apple Inc.
Stocks
AMAT
Applied Materials Inc
Stocks
AVGO
Broadcom Inc. Common Stock
Stocks
BA
Boeing Company
Stocks
BKR
Baker Hughes Company
Stocks
GE
GE Aerospace
Stocks
HMC
Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock
Stocks
HON
Honeywell International, Inc.
Stocks
IBM
International Business Machines Corporation
Stocks
INTC
Intel Corp
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.

"Top Patent Approvals 2010-2017" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Top Patent Approvals 2010-2017" is currently allocated toLPL, MU, AMAT, AVGO, INTC, QCOM, TXN, GE, HON, SAP, LPLA, HMC, BA, AAPL, ORCL, SONY, XRX, TSM, MDT, PG, MSFT, NKE, IBMandBKR. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Top Patent Approvals 2010-2017" has returned 14.51%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Top Patent Approvals 2010-2017" is 29.46%. 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 "Top Patent Approvals 2010-2017", 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.