The Inverse Cramer ETF is the fund that bets against ‘Mad Money’ host Jim Cramer

'Mad Money' host Jim Cramer's critics are quick to point out when his predictions are wrong, and now, those bears can bet on his stock picks flopping with the Inverse Cramer Tracker ETF from Tuttle Capital Management.

Dec 4, 2023 - 19:30

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The Inverse Cramer ETF is the fund that bets against ‘Mad Money’ host Jim Cramer

Jim Cramer (who cofounded this publication in 1996 but left in 2021) is a well-known investing personality and former hedge fund manager. He got his start on Wall Street working as an investment banker with Goldman Sachs in the mid-80s. These days, he haunts the floor of the New York Stock Exchange each trading day on CNBC’s “Squawk on the Street,” a news program that follows the first 90 minutes of each day’s trading session.

On “Mad Money,” Cramer’s daily evening show, the boisterous investor sports rolled-up sleeves, talks a mile a minute and makes frequent use of a radio-DJ-style soundboard of big-red-button-activated sound effects. He does all of this while doling out his latest takes on the market — all on just four hours of sleep per night, according to a 2015 interview with “Business Insider.”

Whether you love him, hate him, or simply enjoy watching his eccentric antics bemusedly from a distance, you have to admit that Jim Cramer is one of the loudest voices on Wall Street, and his advice does cause stock prices to move — at least temporarily.

That being said, many of his stock picks have flopped shortly after he recommended them. His predictions have been wrong too many times to count. A 2017 study by the Wharton School that analyzed Cramer's Action Alerts Plus portfolio from 2000 to 2017 determined that it returned an average of 4.08% annually. Compared to the S&P 500's average annual return of 7.07% over that same period, his recs come up short.