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Symphonies
v20231123 UPRO 60d BND, 2d BND, 15d drawdown, 5d Vix
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A rules-based “risk-on/risk-off” strategy. When bonds beat cash, it favors U.S. stocks via UPRO. If stocks tumble and volatility spikes, it can flip to TMF. When bonds lag cash (rising rates), it shifts into cash and the strongest hedges (gold, Treasuries, or the U.S. dollar).
NutHow it works
It first asks: have bonds beaten cash over the last ~2 months? If yes, it usually holds UPRO (3x S&P 500). If a sharp recent stock drop and high volatility appear, it can temporarily switch to TMF (3x long Treasuries). If bonds lag cash (rates rising), it goes defensive: either ~33% UPRO + ~67% in the two strongest of GLD (gold), IEF (7–10yr Treasuries), UUP (U.S. dollar), TMF—or, if bonds are still falling, mostly cash plus those two hedges.
CheckmarkValue prop
Dynamic risk-on/risk-off strategy with hedges (gold, Treasuries, USD) designed to diversify and navigate rising rates and volatility. Out-of-sample: Sharpe ~0.55, ~13.7% annualized return vs SPY ~20.8%, offering disciplined risk management beyond pure equity.

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Invest in this strategy
OOS Start Date
Feb 3, 2024
Trading Setting
Threshold 5%
Type
Stocks
Category
Tactical asset allocation, leveraged etfs, trend-following, risk management, volatility-based, macro regime switch
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 toGLDandUUP. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 13.84%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 48.45%. 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.