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Symphonies
Volatility and Kelly Symphony - Replace SHY w/ TLT & SSO w/ TECL
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A simple market-stress strategy: take big leveraged stock bets when markets are calm, then shift gradually into the S&P 500 and long-term Treasury bonds as volatility rises.
NutHow it works
It uses the recent bumpiness of the U.S. stock market (measured from SPY, a fund that tracks the S&P 500) as a danger gauge. If the market has been very calm, it buys two aggressive stock funds: UPRO (3x the S&P 500) and TECL (3x U.S. technology stocks). If markets get a bit shakier, it moves to plain SPY. If shakiness rises more, it mixes in TLT, a fund holding long-term U.S. Treasury bonds. If markets are very turbulent, it holds 50% SPY and 50% TLT.
CheckmarkValue prop
Dynamic, volatility-timed strategy aims for outsized upside vs the S&P 500: ~35% annualized return out-of-sample vs ~19%. It shifts into leveraged tech/broad exposure in calm markets and hedges with bonds in turbulence, accepting higher drawdown risk.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.071.680.60.78
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
1,030.15%15.02%-1.04%-0.34%0.91
Volatility and Kelly Symphony - Replace SHY w/ TLT & SSO w/ TECL
9,507.18%30.13%-20.51%-12.48%0.9
Initial Investment
$10,000.00
Final Value
$960,718.15
Regulatory Fees
$712.55
Total Slippage
$5,170.76
Invest in this strategy
OOS Start Date
Feb 14, 2023
Trading Setting
Daily
Type
Stocks
Category
Volatility switching, tactical asset allocation, leveraged equity, technology tilt, treasury hedge, daily rebalance
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TECL
Direxion Daily Technology Bull 3x ETF
Stocks
TLT
iShares 20+ Year Treasury Bond ETF
Stocks
UPRO
ProShares UltraPro S&P 500
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 toTECLandUPRO. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 35.78%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 45.21%. 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.
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