The Inverse Cramer Portfolio: what it follows, what happened with the Inverse Cramer ETF idea, and how following works

I'm Chris, co-founder of Autopilot. You asked, so we built it. That's the first line of the Inverse Cramer Portfolio's description, and it's the whole origin story. Whatever Jim Cramer does, this Portfolio does the opposite. It launched on Autopilot on January 27, 2023, Autopilot Advisers runs it, and it has a public fact sheet. Here's what it is, how the meme became an actual strategy, what the ETF version of the idea looked like, and what a contrarian rule can and can't do for you.

One thing first, because we're an SEC-registered investment adviser and I have to say it. Autopilot is the app. The actual investment advice comes from Autopilot Advisers, LLC. If you want the full legal version of anything in here, it's on our legal page.

1) Where the idea came from

Jim Cramer hosts Mad Money on CNBC and has made stock calls on air and online for years. Somewhere along the way the internet decided the calls were a contrarian signal, and "inverse Cramer" became a running joke. It's a meme on paper. But when you peel the onion back, a contrarian rule is a strategy like any other: it has a definition, it produces a portfolio, and it has a record you can read. So we built one, because enough people asked.

Cramer has nothing to do with it, has no relationship with us, and I'm not here to take shots at him. We call out everybody, and a rule that bets against one person is a bet on a pattern, not a verdict on the person.

2) What the Portfolio actually does

The published description says it plainly: whatever Jim Cramer does, this Portfolio does the opposite. Autopilot Advisers, LLC is the manager, and the Portfolio is Autopilot's own, not a third-party Pilot's. The fact sheet publishes the Portfolio's largest positions by weight, with a date, and lists its rebalance cadence as not disclosed, so I'm not going to describe the mechanics beyond what's published. Read the holdings on the sheet rather than assuming what "the opposite" means in any given week. And because it's our own Portfolio, we keep the whole platform fee on it, which is a conflict the sheet spells out: we could have an incentive to favor our Portfolios over third-party Pilots' Portfolios.

You follow it the way you follow anything here. You connect the brokerage you already have, pick the Portfolio, and set how much follows it. Then you give Autopilot Advisers limited authority to send orders to that account. When the Portfolio changes, we send them and your broker fills them. The money stays put.

3) The ETF version of the idea

In 2022, the Financial Times reported SEC filings from Tuttle Capital Management, the firm behind an ETF that bet against Cathie Wood's Ark Invest, for two new funds: one labeled LJIM, for Long Cramer, that would bet with his recommendations, and one labeled SJIM, for Inverse Cramer, that would bet against them. The filings said the inverse fund would generally bet against Cramer's recommendations from Mad Money and his Twitter feed, and estimated a high turnover rate. That's the public record of the ETF idea. Whether either fund is still trading is a question for the fund sponsor's own site, and I'd check it before assuming anything either way.

The difference between an ETF built on the idea and our Portfolio is structural. An ETF is a fund you buy shares of, with a fund's fee, run by the sponsor. Our Portfolio runs inside your own brokerage account, following a published Portfolio, with a flat subscription rather than a fund fee, and you can see its largest positions on the fact sheet.

4) Does betting against him actually work

I want to be honest with you, because this is where the meme and the money part ways. A 2026 study looked at thousands of Cramer's buy recommendations from 2018 through 2024 and found that betting broadly against all of them landed roughly in line with the market rather than beating it, measured by each stock's one-year performance against the S&P 500. That's a study of his calls, not of our Portfolio, and I'm not going to quote a number from it. The point is that a contrarian rule isn't a shortcut any more than a guru is. Some Pilots go up for years. Some Pilots are flat for years. A rule is a Pilot in that respect.

Where the record of our Portfolio actually lives is the Inverse Cramer fact sheet: what real client accounts following it did since January 27, 2023, gross and modeled net, with drawdown, volatility, and a date on every figure. Read the drawdown before the return. I wrote how in How to read a Portfolio's track record before you follow it.

5) A rule versus an expert

The real question isn't whether inverse Cramer is a joke. It's what kind of Pilot you want. A rule can't change its mind, which means it can't panic and it also can't learn. An expert can do both. Judge them the same way: attribution, survivorship, concentration, drawdown, and a dated net record. I wrote that framework in How to choose which investor to follow: attribution, survivorship, concentration, and when to stop, and the rest of what we publish, from hedge fund trackers to managers who run their own Portfolios, is in Every hedge fund and Wall Street Portfolio you can follow on Autopilot, and how each one works.

Frequently asked questions

Inverse Cramer portfolio

Autopilot's Inverse Cramer Portfolio launched on January 27, 2023, is managed by Autopilot Advisers, LLC, and its published description says it does the opposite of whatever Jim Cramer does. It runs in your own brokerage account, and its fact sheet shows its largest positions by weight and the live record of follower accounts since launch, gross and modeled net, with drawdown and a date. Cramer has no relationship with Autopilot.

Is there an Inverse Cramer ETF?

Tuttle Capital Management filed in 2022 for two ETFs built on Cramer's recommendations, an inverse fund labeled SJIM and a long fund labeled LJIM, as the Financial Times reported from SEC filings. Whether either is still trading is a question for the sponsor's site. Autopilot's Inverse Cramer Portfolio is a different structure: a Portfolio followed in your own brokerage account for a flat subscription, not a fund you buy shares of.

How do I invest against Jim Cramer's picks?

The public way is to follow a Portfolio built on the idea. Autopilot's Inverse Cramer Portfolio does the opposite of what Cramer does, per its description, inside the brokerage account you already have: connect your brokerage, pick the Portfolio, and Autopilot Advisers sends the orders when it changes. Read the fact sheet's drawdown first; a contrarian rule is a strategy with a record, not a sure thing.

What happened to the Inverse Cramer ETF?

What's on the public record: Tuttle Capital Management filed in 2022 to launch an Inverse Cramer ETF and a Long Cramer ETF, and the filings described betting against or with his recommendations from Mad Money and his Twitter feed, with high turnover. For their current status, check the sponsor's own site rather than a headline. Autopilot's Inverse Cramer Portfolio, launched January 27, 2023, is a separate thing and is live on its fact sheet.

Inverse Cramer Autopilot

The Inverse Cramer Portfolio is one of Autopilot's own, managed by Autopilot Advisers, LLC, launched January 27, 2023, following the opposite of Jim Cramer's moves per its published description, in your own brokerage account. Its fact sheet at autopilotfactsheets.com/portfolios/inverse-cramer has the live record and the largest positions, with a date on every number.

TLDR

The internet made a joke; enough people asked; we built the Portfolio, and it has run since January 27, 2023 with a public fact sheet. The ETF version of the idea exists on the public record from Tuttle's 2022 filings. A contrarian rule is a Pilot like any other: read the drawdown, then decide. If one fits, choose a Portfolio and connect your brokerage. Then give Autopilot Advisers limited authority to send orders to that account. When the Portfolio changes, we send them and your broker fills them. Depending on your plan and brokerage, you may need to confirm first. The money stays put.

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Since Autopilot Advisers is an SEC-registered investment adviser, we have to put disclaimers on stuff like this. They're below, and the full version is on our legal page.

Disclosures

© Autopilot Holdings Corporation 2026 — All rights reserved. “Autopilot” refers to Autopilot Holdings Corporation and its wholly-owned, and separately managed subsidiaries, including Autopilot Advisers, LLC, an SEC-registered investment adviser. All investing is subject to investment risks, including possible loss of the principal invested, and past performance is not indicative of future results. View our Customer Relationship Summary and other important information at joinautopilot.com/legal.

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Jim Cramer, CNBC, Mad Money, and Tuttle Capital Management are not affiliated with Autopilot and have not endorsed it; the Inverse Cramer Portfolio is created and managed by Autopilot Advisers, LLC and Cramer does not manage it and has no relationship with Autopilot or its clients. Statements about the Inverse Cramer ETF filings and the 2026 study describe public reporting as of the publish date and are not claims about the Portfolio's results. No performance figure is stated here; the Portfolio's record is on its dated fact sheet.