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Symphonies
Which way is up? Use VIXY for SPXL
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Buys a 3× S&P 500 fund when fear is easing or the S&P 500 is oversold; otherwise parks in T‑bills. Uses VIXY’s 9‑day trend and a 10‑day RSI filter. Rebalanced daily.
NutHow it works
Each day: If VIXY (tends to rise when fear/volatility jumps) is below its 9‑day average, buy SPXL, a fund that targets 3× the S&P 500’s daily move. If not, but the S&P 500 looks oversold (RSI over 10 days below 30—i.e., a short‑term slump), still buy SPXL. Otherwise hold BIL (short‑term T‑bills). Rebalanced daily.
CheckmarkValue prop
Out-of-sample edge: ~38% annualized return vs SPY’s ~16.7%, Sharpe ~0.96, Calmar ~1.25. A regime-timed 3x SPXL strategy that buys on fear dips and otherwise stays in cash/T-bills—turbocharges upside with disciplined risk control.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.191.730.580.76
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
619.93%13.85%6.16%5.09%0.84
Which way is up? Use VIXY for SPXL
24,819.41%43.69%37.19%32.89%1.12
Initial Investment
$10,000.00
Final Value
$2,491,940.85
Regulatory Fees
$7,739.10
Total Slippage
$52,205.85
Invest in this strategy
OOS Start Date
Oct 15, 2024
Trading Setting
Daily
Type
Stocks
Category
Us equities, trend-following, volatility filter, rsi dip-buy, leveraged etfs, s&p 500, t-bills, risk-on/risk-off
Tickers in this symphonyThis symphony trades 4 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
SPXL
Direxion Daily S&P 500 Bull 3x ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
VIXY
ProShares VIX Short-Term Futures 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.

"Which way is up? Use VIXY for SPXL" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Which way is up? Use VIXY for SPXL" is currently allocated toSPXL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Which way is up? Use VIXY for SPXL" has returned 54.60%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Which way is up? Use VIXY for SPXL" is 30.26%. 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 "Which way is up? Use VIXY for SPXL", 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.