Grayscale Filecoin Trust (FIL) (FILG) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FILG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FILG
Among 118 ETFs in the Cryptocurrency category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 376.59M | Apr 2026 | FILG vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.69B | Jul 2024 | FILG vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.55B | Jul 2024 | FILG vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 366.62M | Jan 2024 | FILG vs EZBC | |
| Franklin Solana ETF | 0.19% | 8.51M | Dec 2025 | FILG vs SOEZ |
Best Risk-Adjusted Alternatives to FILG
FILG has a PortfoliosLab risk / return rank of 4. There are 17 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | FILG vs ZCSH | |
| ProShares Short Bitcoin ETF | 53 | 118.48M | Jun 2022 | FILG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 47 | 163.33M | Apr 2024 | FILG vs SBIT | |
| CoinShares Bitcoin Miners ETF | 45 | 240.40M | Feb 2022 | FILG vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 41 | — | Jul 2024 | FILG vs BTCZ |
Top Performing FILG Alternatives (YTD)
FILG is at -29.06% YTD. There are 52 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 37.71%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 37.71% | 240.40M | Feb 2022 | FILG vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 30.98% | 163.33M | Apr 2024 | FILG vs SBIT | |
| ProShares UltraShort Ether ETF | 27.90% | 50.89M | Jun 2024 | FILG vs ETHD | |
| ProShares Short Ether Strategy ETF | 27.84% | 16.28M | Nov 2023 | FILG vs SETH | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 26.37% | — | Jul 2024 | FILG vs BTCZ |
Lowest Volatility Alternatives to FILG
FILG has 127.68% 1-year volatility. There are 124 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.99%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.99% | — | Oct 2025 | FILG vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.70% | — | Oct 2025 | FILG vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.63% | — | Oct 2025 | FILG vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.82% | — | Oct 2025 | FILG vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.86% | 7.63M | Sep 2025 | FILG vs BFOC |
Lowest Drawdown Alternatives to FILG
FILG has a 1-year max drawdown of -76.85%. There are 63 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.87M | Aug 2022 | FILG vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | FILG vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 110.04M | Dec 2024 | FILG vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 118.48M | Jun 2022 | FILG vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.03% | 1.48M | Mar 2024 | FILG vs BTRN |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, ETHE, GDLC and span 3 categories. AUM among these funds goes as high as $9B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 2 | -26.20% | 8.64B | Jan 2024 | FILG vs GBTC | |
| Grayscale Ethereum Trust ETF | Cryptocurrency | 4 | -36.43% | 1.42B | Dec 2017 | FILG vs ETHE | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -29.02% | 341.36M | Feb 2018 | FILG vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | FILG vs GFOF | |
| Grayscale Litecoin Trust | Cryptocurrency | 2 | -40.71% | — | Aug 2020 | FILG vs LTCN | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 2 | -30.24% | 83.49M | Feb 2021 | FILG vs GLNK | |
| Grayscale Bitcoin Miners ETF | Blockchain | 18 | 19.11% | 12.57M | Jan 2025 | FILG vs MNRS | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 0 | -42.49% | 141.12M | Apr 2017 | FILG vs ETCG | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 98.64M | Nov 2021 | FILG vs GSOL | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -43.14% | 23.10M | Feb 2026 | FILG vs GSUI |
Often Compared With FILG
Investors most often compare FILG with BITC, EZPZ, EZET. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 3 | 1.83% | 14.63M | Mar 2023 | FILG vs BITC | |
| Franklin Crypto Index ETF | Cryptocurrency | 2 | -28.32% | 12.73M | Feb 2025 | FILG vs EZPZ | |
| Franklin Ethereum ETF | Cryptocurrency | 4 | -36.10% | 37.67M | Jul 2024 | FILG vs EZET |
Compare FILG with Any Fund or Stock
Compare FILG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FILG with funds that move differently
Grayscale Filecoin Trust (FIL) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FILG.
Explore FILG Diversifiers