Michael Burry Portfolio

The chart shows the growth of an initial investment of $10,000 in Michael Burry Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

As of Jul 13, 2026, the Michael Burry Portfolio returned 4.23% Year-To-Date and 15.87% of annualized return in the last 10 years.

Based on dividend-adjusted daily data since Jul 27, 2007, Michael Burry Portfolio's average daily return is +0.08%, while the average monthly return is +1.64%. At this rate, an investment would double in approximately 3.6 years.

Historically, 61% of months were positive and 39% were negative. The best month was Jan 2012 with a return of +27.5%, while the worst month was Oct 2008 at -35.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Michael Burry Portfolio closed higher 53% of trading days. The best single day was Nov 24, 2008 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -17.8%.

Michael Burry Portfolio has an annualized alpha of 8.78%, beta of 1.11, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since July 27, 2007.

• This portfolio captured 140.03% of S&P 500 Index gains and 105.40% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This portfolio generated an annualized alpha of 8.78% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.11 and R2 of 0.52, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Michael Burry Portfolio has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Michael Burry Portfolio ranks 4 for risk / return — in the bottom 4% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current Michael Burry Portfolio Sharpe ratio is -0.31 as of Jul 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.37 to 2.14, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Michael Burry Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Michael Burry Portfolio provided a 0.46% dividend yield over the last twelve months.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Michael Burry Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Michael Burry Portfolio was 73.92%, occurring on Mar 6, 2009. Recovery took 275 trading sessions.

The current Michael Burry Portfolio drawdown is 37.60%.

The chart below shows the rolling one-month volatility.