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Symphonies
V1a Monthly JNK canary Replace UPRO with TQQQ
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A monthly, rules‑based “canary” checks credit risk (JNK vs BIL). If healthy, 60% goes to TQQQ (levered big‑tech). If not, 60% goes to TMF (levered long Treasuries) or a USD/gold/staples/short‑Treasury mix. The other 40% always stays in UUP/GLD/SHY.
NutHow it works
Monthly: - If high‑yield bonds (JNK, “junk” bonds) beat cash‑like T‑bills (BIL) over 1 month, put 60% in TQQQ (3x NASDAQ‑100, big tech). - Else if long Treasuries (TLT) were up over 3 months, put 60% in TMF (3x long Treasuries). - Else put 60% equally in UUP (US dollar), GLD (gold), XLP (consumer‑staple stocks), SHY (short Treasuries). The other 40% always stays equally in UUP, GLD, SHY. Rebalanced monthly.
CheckmarkValue prop
Out-of-sample annualized return: 38.5% vs S&P 23.4%; Calmar ~1.28; Sharpe ~1.33. A monthly, rules-based rotation that leverages tech in healthy markets and hedges with bonds, targeting higher long-run upside than the S&P (with higher drawdowns).

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Invest in this strategy
OOS Start Date
Jan 3, 2023
Trading Setting
Monthly
Type
Stocks
Category
Trend-following, tactical asset allocation, risk-on/risk-off, leveraged etfs, monthly rebalance, canary signal, bonds and equities, defensive
Tickers in this symphonyThis symphony trades 9 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
GLD
SPDR Gold Trust, SPDR Gold Shares
Stocks
JNK
State Street SPDR Bloomberg High Yield Bond ETF
Stocks
SHY
iShares 1-3 Year Treasury Bond ETF
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
TMF
Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)
Stocks
TQQQ
ProShares UltraPro QQQ
Stocks
UUP
Invesco DB US Dollar Index Bullish Fund
Stocks
XLP
State Street Consumer Staples Select Sector SPDR 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 toGLD, SHY, UUPandXLP. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 33.71%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 30.10%. 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.