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Symphonies
vixat
Today’s Change
—

A symphony is an automated trading strategy — Learn more about symphonies here

About

A tactical volatility strategy: usually owns SVXY when markets look calm, switches to UVXY when conditions look overheated or fearful, and hides in T-bills (BIL) during sharp stress.
NutHow it works
This strategy mainly bets on stock-market calm by owning SVXY, a fund that tends to do well when fear in the market falls. It flips to UVXY, a fund that usually rises when market panic spikes, when several market gauges look overheated or defensive stocks are suddenly strong. If volatility is already crashing hard, or tech has just had a sharp drop, it steps aside into BIL, a very short-term Treasury-bill fund that behaves like cash.
CheckmarkValue prop
Out-of-sample, this strategy shows higher risk-adjusted returns vs the S&P: ~41.9% vs 13.8% annualized, Sharpe ~1.02 vs ~0.86, Calmar ~1.39, by tactically switching among short-vol, long-vol, and cash.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.731.360.170.41
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
770.29%15.46%-1.04%-0.34%0.95
vixat
14,805,605.11%120.55%4.86%16.43%1.71
Initial Investment
$10,000.00
Final Value
$1,480,570,510.77
Regulatory Fees
$1,300,249.89
Total Slippage
$12,528,335.49
Invest in this strategy
OOS Start Date
Nov 10, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Volatility trading, short volatility, tactical switching, defensive timing, leveraged etfs
Tickers in this symphonyThis symphony trades 8 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
FAS
Direxion Daily Financial Bull 3x ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
SVXY
ProShares Short VIX Short-Term Futures ETF
Stocks
TQQQ
ProShares UltraPro QQQ
Stocks
UVXY
ProShares Ultra VIX Short-Term Futures ETF
Stocks
XLP
State Street Consumer Staples Select Sector SPDR ETF
Stocks
XLY
State Street Consumer Discretionary 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.

"vixat" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"vixat" is currently allocated toSVXY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "vixat" has returned 41.91%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "vixat" is 30.19%. 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 "vixat", 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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