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Symphonies
What Have I Done. CQ Degen Version 12.29.23
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Only buy crypto‑exposed names when Bitcoin’s trend is strong. Then put ~30% into the single hottest crypto proxy (Coinbase, miners, or Bitcoin ETFs) and keep the rest in T‑bills; otherwise sit fully in T‑bills. Daily checks.
NutHow it works
Each day it checks a Bitcoin ETF (BITO). If today’s price is above its recent averages (short, medium, and long term), it buys the single strongest crypto‑linked stock/ETF over the last few days—e.g., COIN (Coinbase), miners (RIOT, MARA, BITF, IREN), MSTR, or Bitcoin/industry ETFs (BITO, BTF, BITQ, IBLC, BITS, MAXI). It puts ~30% there and keeps the rest—or 100% if no uptrend—in T‑bills (BIL). Rebalances daily.
CheckmarkValue prop
Out-of-sample: ~19.6% annualized return with ~0.62 Sharpe, but ~57% max drawdown. A BTC-trend gated, 30% top-crypto proxy strategy that stays mostly in cash on downturns—crypto-cycle upside to complement the S&P 500.

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Invest in this strategy
OOS Start Date
Dec 29, 2023
Trading Setting
Daily
Type
Stocks
Category
Trend following, crypto-linked stocks/etfs, momentum, risk-on/risk-off, tactical, daily rebalance, t-bills fallback
Tickers in this symphonyThis symphony trades 14 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BITF
Bitfarms Ltd. Common Stock
Stocks
BITO
ProShares Bitcoin ETF
Stocks
BITQ
Bitwise Crypto Industry Innovators ETF
Stocks
BITS
Global X Blockchain & Bitcoin Strategy ETF
Stocks
BTF
Valkyrie ETF Trust II CoinShares Bitcoin and Ether ETF
Stocks
COIN
Coinbase Global, Inc. Class A Common Stock
Stocks
CONL
GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF
Stocks
IBLC
iShares Blockchain and Tech ETF
Stocks
IREN
IREN Limited Ordinary Shares
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 toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 18.83%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 57.30%. 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.