So, here's the story. Got the second starting capital at 888, playing like once a month, won a few of the 40man sit n gos and cashed in a couple of MTTS to bring my bankroll to around $150
To take part in the recent 20k pokerstrategy freeroll, I decided to make a $60 deposit to get some bonus action, and also to be able to withdraw after I release my bonus, to leave all my BR at Full Tilt.
So I decide to play a kind of LAG style at NL 6, 10, and 20 (to get a lot of action and clear the bonus quickly).
However, this didn't really work out and I lost nearly half my bankroll in a couple of days (running substantially below EV), so I decided to move to S&G's which is where I excel. After running incredibly unlucky I had nearly decimated my bankroll and was left with nearly $60 in my account, down from $250 I had just after I made the deposit, with only $15 equivalent in bonus earnings (out of a max of $45)
Not wanting to lose my investment and also not wanting to wait years to rebuild my BR playing $1 S&G's, I decided to move back to the cash games, but this time only at NL 2, and playing very abc TAG poker.
You can see the results of this in my cash game graph around hand 5k. Not only am I playing better (all in EV is trending upwards) but I am also running quite hot, and closing in on the gap between actual and expected profit.
Just goes to show that yes, variance does actually follow the rules of statistics and eventually your all-in EV will move back up!

PS: Right at the bottom I am $70 below EV