Composer · investment strategy
by Composer Technologies · via Composer
A core-satellite ETF portfolio: 15% in dividend-growth stocks and real estate, 30% in the best recent-performing bond ETF, and 55% that switches between the S&P 500 (SPY) and bonds using a 200-day trend. Rebalanced quarterly.
Description from Composer
of the return and risk figures:as the source publishes them
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
This strategy doesn’t publish a performance history we can chart.
Each rule is quoted word for word from the strategy's own documents.
No rules extracted from this strategy’s text yet.
No published holdings for this strategy.
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
No holdings on file, so nothing to test.
Strategies that share its Income / dividends label, from other sources first, strongest risk-adjusted return first.
Interactive Advisors
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
6 missing
The text the rules are quoted from, with where it came from.
- 55% switches: if the S&P 500 (SPY) is above its 200-day average price, hold SPY; otherwise hold a bond fund.<br>- 30% holds the single best 3‑month performer from these bond ETFs: BND (total US bonds), IEI (Treasuries), VCIT (corporates), VMBS (mortgages), or active funds TOTL, FBND, BOND.<br>- 15% always: 10% VIG (US dividend growers) and 5% VNQ (US real estate).<br>- Rebalanced quarterly.
A core-satellite ETF portfolio: 15% in dividend-growth stocks and real estate, 30% in the best recent-performing bond ETF, and 55% that switches between the S&P 500 (SPY) and bonds using a 200-day trend. Rebalanced quarterly.
Out-of-sample stats show a disciplined, lower-risk approach: Sharpe ~0.54, max drawdown ~19% vs SPY ~22%, beta ~0.41, across 1700 days. Trade-off: lower raw return (~4.6% vs 14.7%), but far less downside risk.
Core satellite strategies are a mainstay of institutional portfolios and leading advisors. And for good reason. This type of strategy combines a core of longer-term investments with a satellite that uses a more active approach. In this iteration, the core is made up of stocks and bonds, while the satellite switches between holding stocks or bonds depending on market conditions. Inspired by a strategy developed by MyPlanIQ and adapted into a symphony by Composer. By choosing to trade this strategy, you understand that the strategy employs ETFs, and that you understand the associated risks of trading, holding, and costs associated with ETFs, and also leveraged ETFs. Before investing in ANY strategy containing an ETF, please review the relevant ETF prospectus.
Every value on file, each labelled with its calculation basis and as-of date.
| AI categories (Composer) | 200-day moving average, bonds, core-satellite, etf rotation, momentum, real estate, tactical asset allocation, trend-following, us stocks | ||
| Asset classes / instruments | equities |
| Rebalance frequency | quarterly |
| Return, out-of-sample period (annualized) (out-of-sample) | 4.57% | ||
| Return, out-of-sample period (cumulative) (out-of-sample) | 23.02% | ||
| Return, trailing 1 month (out-of-sample) | 0.44% | ||
| Return, trailing 1 year (out-of-sample) | 2.89% | ||
| Return, trailing 3 months (out-of-sample) | 0.85% |
| Calmar ratio, out-of-sample period (out-of-sample) | 0.24 | ||
| Maximum drawdown, out-of-sample period (out-of-sample) | -18.90% | ||
| Sharpe ratio, out-of-sample period (out-of-sample) | 0.54 | ||
| Standard deviation, out-of-sample period (out-of-sample) | 9.10% |
Collective2
Composer Technologies · Composer
