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Symphonies
V1 BWC SPY Volatility Focus — Anti-Beta — Low Correlation
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Trades stock‑market volatility around SPY using simple signals. In uptrends it often shorts volatility (SVIX); during stress it buys volatility (VXX/UVXY) or anti‑beta (BTAL). In downtrends it shifts to BTAL, T‑bills, gold, energy, and commodities to keep correlation low.
NutHow it works
Step 1: Check SPY’s trend (above/below its 50‑day average). - Uptrend: Use simple “speed” gauges (RSI, short EMAs) to decide if vol is likely to calm or spike. If calm: hold SVIX (profits when volatility falls). If stress: rotate into VXX/UVXY (benefit from vol spikes) or BTAL (anti‑beta). - Downtrend: Avoid stocks; favor BTAL plus T‑bills (BIL/SHV), gold (GLD), energy (XLE), and commodities (COM). Rebalanced daily.
CheckmarkValue prop
Out-of-sample, this strategy offers higher risk-adjusted returns than the S&P 500: oos Sharpe ~1.40 vs 1.36, annualized ~55% vs 22%, Calmar ~2.69, and very low beta (~0.13), plus diversified, low‑correlation exposure.

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Invest in this strategy
OOS Start Date
Aug 26, 2023
Trading Setting
Daily
Type
Stocks
Category
Volatility trading, tactical allocation, market-neutral, anti-beta, low correlation, multi-asset, daily rebalance, risk-managed
Tickers in this symphonyThis symphony trades 12 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BTAL
AGF U.S. Market Neutral Anti-Beta Fund
Stocks
COM
Direxion Auspice Broad Commodity Strategy ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SVIX
-1x Short VIX Futures ETF
Stocks
UVXY
ProShares Ultra VIX Short-Term Futures ETF
Stocks
VIXM
ProShares VIX Mid-Term Futures ETF
Stocks
VXX
iPath Series B S&P 500 VIX Short-Term Futures ETN
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 toCOM, XLEandGLD. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 38.58%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 24.07%. 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.