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Symphonies
Yinn/Yang ftlt using fxi from 2007 @ 2 Sharpe | Version 2
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, tactical bet on China using 3x ETFs: long (YINN) or short (YANG). It buys YINN if China is very oversold, otherwise it uses simple trend checks and whether bonds beat stocks to choose long or short. Very high risk due to leverage.
NutHow it works
This strategy flips between two funds tied to Chinese large-company stocks: YINN (3x up) or YANG (3x down). If China looks washed out (an RSI “recent losses vs gains” score on FXI < 30), it bets on a bounce (YINN). Otherwise, it checks simple trends (China vs its 200‑day average; short T‑bills vs their 50‑day average) and then compares bond funds (IEI/IGIB) to US stock funds (SPY/IWM). If bonds are doing better than stocks, it goes YINN; if stocks are stronger, it goes YANG. Rebalanced daily. Uses 3x funds—very high risk.
CheckmarkValue prop
Out-of-sample, this daily leveraged China strategy aims for large upside vs the S&P: annualized return ~200.66% vs 18.16%, Sharpe ~1.69 vs 1.02, Calmar ~3.51. Note the higher risk: max drawdown ~57% vs ~18.8%.

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Invest in this strategy
OOS Start Date
Oct 3, 2024
Trading Setting
Daily
Type
Stocks
Category
China, emerging markets, momentum, trend filter, leveraged etfs, tactical, long/short, daily rebalance
Tickers in this symphonyThis symphony trades 8 assets in total
Ticker
Type
FXI
iShares China Large-Cap ETF
Stocks
IEI
iShares 3-7 Year Treasury Bond ETF
Stocks
IGIB
iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
Stocks
IWM
iShares Russell 2000 ETF
Stocks
SHV
iShares Trust iShares 0-1 Year Treasury Bond ETF
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
YANG
Direxion Daily FTSE China Bear 3X Shares
Stocks
YINN
Direxion Daily FTSE China Bull 3X 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 toYINN. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 154.27%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 57.17%. 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.