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Symphonies
UPRO FTLT (No K-1)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily, rule-based, fully invested (or in cash) momentum strategy using levered ETFs (UPRO, TECL) with risk-off shifts to cash/bonds; SPY drives signals via RSI and trend checks; tax-friendly wrapper (No K-1) and frequent rebalancing.
NutHow it works
Every day the system evaluates momentum and trend signals using SPY as the benchmark. If SPY shows strong momentum and is above key trend lines, the model selects a levered ETF (for example UPRO for broad market or TECL for tech) to own at 100% weight. If signals weaken (e.g., RSI is very high/low, SPY falls below a moving average, or other risk checks trigger), it shifts to cash or bonds (e.g., BIL, IEI, TLT, TMF) and may stay there until signals improve. The rules are expressed as nested IF statements using RSI windows (7, 10, 14, 60 days) and moving-average checks (e.g., 200-day MA). The design aims to capture upside in trending markets with leverage while defending against drawdowns by moving into cash/bonds. “No K-1” suggests a tax-efficient wrapper in some accounts. Daily rebalance means positions can flip frequently, which increases turnover and risk but aligns with a momentum-driven approach.
CheckmarkValue prop
Out-of-sample annualized return ~56% vs ~23% for the S&P, powered by daily momentum with 3x levered ETFs and risk-off shifts to cash/bonds; tax-friendly No-K-1 wrapper. Higher upside, but larger drawdowns than the S&P.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.351.850.510.71
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
557.78%13.6%-2.02%-1.16%0.83
UPRO FTLT (No K-1)
192,182.76%66.83%-6.98%-6.83%1.37
Initial Investment
$10,000.00
Final Value
$19,228,275.51
Regulatory Fees
$35,681.87
Total Slippage
$245,492.50
Invest in this strategy
OOS Start Date
Apr 26, 2023
Trading Setting
Daily
Type
Stocks
Category
Leveraged equity, momentum trading, tactical allocation, etf-based, no-k-1 wrapper
Tickers in this symphonyThis symphony trades 10 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BSV
Vanguard Short-Term Bond ETF
Stocks
IEI
iShares 3-7 Year Treasury Bond ETF
Stocks
QQQ
Invesco QQQ Trust, Series 1
Stocks
SPHB
Invesco S&P 500 High Beta ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TECL
Direxion Daily Technology Bull 3x ETF
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
TMF
Direxion Daily 20+ Year Treasury Bull 3X ETF
Stocks
UPRO
ProShares UltraPro S&P 500
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.

"UPRO FTLT (No K-1)" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"UPRO FTLT (No K-1)" is currently allocated toUPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "UPRO FTLT (No K-1)" has returned 45.54%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "UPRO FTLT (No K-1)" is 35.86%. 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 "UPRO FTLT (No K-1)", 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.