Inverse Jim Cramer ETF outperforming market trackers after just 2 weeks

The ETF was launched on February 28, alongside another that goes along with all of Cramer's top picks.

Since February 28, the S&P 500 ETF has gone down over 3 percent, whereas the Inverse Cramer Tracker has risen nearly 2 percent.

“Love him or hate him, Jim Cramer is a polarizing figure," CEO of Tuttle Capital Management and advisor to the ETFs, Matthew Tuttle, said in a statement. "We want to give investors on both sides of the debate a way to express their views, and create products that can provide diversification to traditional portfolios."

When Tuttle Capital Management filed the ETFs with the Securities and Exchange Commission in October, Cramer defended the stocks he'd picked throughout the years and cautioned people from betting against him.

"I have done this for 42 years," he said. "Those who know me know that you would have been betting against Apple at 5, Google since inception, Meta at $18, Amazon at ten, Nvidia at $25, and AMD at $5."

In recent weeks, however, many of Cramer's choices haven't turned out as he'd hoped.

Just last month, he suggested Silicon Valley Bank was a buy at $320. The financial institution has since gone under and is in the process of being resurrected by the government.

He also misjudged Tesla twice, advising people against buying the stock just days before it went up, and telling them to put their money into the EV giant just as it started to crash.

"Jim's mission has always been to encourage long-term investing and a balanced portfolio that includes index funds and individual stocks," CNBC explained in a statement to MarketWatch. "He regards Mad Money as his classroom and believes educating those who want to pick individual stocks through insight and experience is the best way to help them take control of their finances."