FIL-USD vs. MSTR

Last updated Jun 4, 2026

FIL-USD (FilecoinFutures) is a cryptocurrency, while MSTR (Strategy Inc) is a stock. Over the past 5 years, FIL-USD returned -59.95%/yr vs 21.16%/yr for MSTR. At a 0.29 correlation, their price movements are largely independent.

Performance

FIL-USD vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FilecoinFutures (FIL-USD) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIL-USD achieves a -29.98% return, which is significantly lower than MSTR's -16.72% return.

FIL-USD

• 1D: 5.15%
• 1M: -3.10%
• YTD: -29.98%
• 6M: -43.30%
• 1Y: -65.53%
• 3Y*: -42.06%
• 5Y*: -59.95%
• 10Y*: —

MSTR

• 1D: -7.01%
• 1M: -31.15%
• YTD: -16.72%
• 6M: -32.83%
• 1Y: -67.34%
• 3Y*: 61.19%
• 5Y*: 21.16%
• 10Y*: 20.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIL-USD vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIL-USD FilecoinFutures	-29.98%	-73.81%	-28.62%	130.09%	-91.21%	40.46%	625.46%	15.13%	-85.50%	74.98%
MSTR Strategy Inc	-16.72%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-0.80%

Correlation

The correlation between FIL-USD and MSTR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Dec 13, 2017	0.29

The correlation between FIL-USD and MSTR shifts across timeframes, from 0.29 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIL-USD vs. MSTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIL-USD

FIL-USD Risk / Return Rank: 52
FIL-USD Sharpe Ratio Rank: 62
FIL-USD Sortino Ratio Rank: 59
FIL-USD Omega Ratio Rank: 59
FIL-USD Calmar Ratio Rank: 41
FIL-USD Martin Ratio Rank: 40

MSTR

MSTR Risk / Return Rank: 6
MSTR Sharpe Ratio Rank: 5
MSTR Sortino Ratio Rank: 3
MSTR Omega Ratio Rank: 6
MSTR Calmar Ratio Rank: 7
MSTR Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIL-USD vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FilecoinFutures (FIL-USD) and Strategy Inc (MSTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FIL-USD	MSTR	Difference
Sharpe ratio Return per unit of total volatility	-0.54	-0.96	+0.42
Sortino ratio Return per unit of downside risk	-0.66	-1.75	+1.09
Omega ratio Gain probability vs. loss probability	0.94	0.81	+0.12
Calmar ratio Return relative to maximum drawdown	-0.86	-0.88	+0.02
Martin ratio Return relative to average drawdown	-1.26	-1.31	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIL-USD vs. MSTR - Sharpe Ratio Comparison

The current FIL-USD Sharpe Ratio is -0.54, which is higher than the MSTR Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of FIL-USD and MSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIL-USD	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	-0.96	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.57	0.23	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.12	-0.29

Drawdowns

FIL-USD vs. MSTR - Drawdown Comparison

The maximum FIL-USD drawdown since its inception was -99.58%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for FIL-USD and MSTR.

Drawdown Indicators

	FIL-USD	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-99.58%	-99.86%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-76.17%	-76.53%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-93.03%	-77.42%	-15.61%
Max Drawdown (5Y) Largest decline over 5 years	-99.30%	-84.11%	-15.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	-99.53%	-73.29%	-26.24%
Average Drawdown Average peak-to-trough decline	-81.88%	-86.48%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.67%	51.59%	+9.08%

Volatility

FIL-USD vs. MSTR - Volatility Comparison

FilecoinFutures (FIL-USD) has a higher volatility of 30.36% compared to Strategy Inc (MSTR) at 19.43%. This indicates that FIL-USD's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIL-USD	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.36%	19.43%	+10.93%
Volatility (6M) Calculated over the trailing 6-month period	61.50%	56.49%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	101.27%	70.30%	+30.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.81%	90.79%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	131.88%	73.70%	+58.18%

Frequently Asked Questions

Can I hold both FIL-USD and MSTR in my portfolio?

FIL-USD and MSTR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIL-USD or MSTR?

FIL-USD has higher volatility (30.36%) compared to MSTR (19.43%). In terms of maximum drawdown, FIL-USD dropped -99.58% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

FIL-USD currently has the higher Sharpe Ratio (-0.54 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.