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Symphonies
V3 BWC: Managed Futures
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily rotation strategy that picks among 5 managed-futures funds, leaning toward the ones that recently fell the most or have been the least volatile.
NutHow it works
This strategy only invests in 5 funds that use “managed futures,” a style that trades trends in things like commodities, currencies, interest rates, and sometimes stock indexes. Each day, it compares those 5 funds and favors the ones that look most out of favor or least shaky recently—for example, the one with the lowest recent volatility, the biggest recent dip, or the weakest recent momentum. If the same fund wins multiple tests, it gets a bigger share.
CheckmarkValue prop
Out-of-sample edge: higher risk-adjusted performance (oos Sharpe 1.73 vs 1.28) with much smaller drawdowns (7.7% vs 18.8%). Low beta (~0.18) adds diversification; Calmar ~2.10 signals strong risk control with solid returns.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.140.10.040.19
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
91.38%15.71%-0.05%3.57%0.95
V3 BWC: Managed Futures
94.26%16.1%1.86%11.76%1.81
Initial Investment
$10,000.00
Final Value
$19,426.21
Regulatory Fees
$104.36
Total Slippage
$591.35
Invest in this strategy
OOS Start Date
Jan 9, 2024
Trading Setting
Daily
Type
Stocks
Category
Managed futures, alternatives, trend following, tactical allocation, low volatility, mean reversion
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
CTA
Simplify Managed Futures Strategy ETF
Stocks
DBMF
iMGP DBi Managed Futures Strategy ETF
Stocks
FMF
First Trust Managed Futures Strategy Fund
Stocks
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
Stocks
WTMF
WisdomTree Managed Futures Strategy Fund
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.

"V3 BWC: Managed Futures" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"V3 BWC: Managed Futures" is currently allocated toFMFandWTMF. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "V3 BWC: Managed Futures" has returned 16.10%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "V3 BWC: Managed Futures" is 7.71%. 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 "V3 BWC: Managed Futures", 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.
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Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

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