FILG vs. BTC
FILG (Grayscale Filecoin Trust (FIL)) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Over the past year, FILG returned -61.53% vs -43.60% for BTC. At a 0.33 correlation, their price movements are largely independent.
Performance
FILG vs. BTC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FILG having a -29.82% return and BTC slightly lower at -31.09%.
FILG
- 1D
- -1.07%
- 1M
- -20.40%
- YTD
- -29.82%
- 6M
- -31.77%
- 1Y
- -61.53%
- 3Y*
- -57.85%
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- 1.14%
- 1M
- -17.83%
- YTD
- -31.09%
- 6M
- -30.77%
- 1Y
- -43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FILG vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.82% | -96.42% | 23.08% |
BTC Grayscale Bitcoin Mini Trust ETF | -31.09% | -7.50% | 41.93% |
Correlation
The correlation between FILG and BTC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | 0.33 |
The correlation between FILG and BTC shifts across timeframes, from 0.33 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FILG vs. BTC — Risk / Return Rank
FILG
BTC
FILG vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Filecoin Trust (FIL) (FILG) and Grayscale Bitcoin Mini Trust ETF (BTC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FILG | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.84 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.83 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.40 | +0.28 |
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Drawdowns
FILG vs. BTC - Drawdown Comparison
The maximum FILG drawdown since its inception was -99.69%, which is greater than BTC's maximum drawdown of -52.89%. Use the drawdown chart below to compare losses from any high point for FILG and BTC.
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Drawdown Indicators
| FILG | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.69% | -52.89% | -46.80% |
Max Drawdown (1Y)Largest decline over 1 year | -77.11% | -52.89% | -24.22% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | — | — |
Current DrawdownCurrent decline from peak | -99.65% | -51.97% | -47.68% |
Average DrawdownAverage peak-to-trough decline | -69.02% | -17.95% | -51.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.98% | 31.23% | +23.75% |
Volatility
FILG vs. BTC - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 32.73% compared to Grayscale Bitcoin Mini Trust ETF (BTC) at 13.42%. This indicates that FILG's price experiences larger fluctuations and is considered to be riskier than BTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FILG | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.73% | 13.42% | +19.31% |
Volatility (6M)Calculated over the trailing 6-month period | 74.94% | 34.57% | +40.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.33% | 44.38% | +86.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.15% | 48.16% | +143.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.15% | 48.16% | +143.99% |
Dividends
FILG vs. BTC - Dividend Comparison
Neither FILG nor BTC has paid dividends to shareholders.
Frequently Asked Questions
FILG and BTC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FILG has higher volatility (32.73%) compared to BTC (13.42%). In terms of maximum drawdown, FILG dropped -99.69% vs BTC's -52.89%.
On 1-year performance, BTC leads with -43.60% vs -61.53% for FILG. On volatility, BTC has been the lower-risk option at 13.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTC has performed better with a -43.60% return vs -61.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FILG and BTC have nearly identical dividend yields, around 0.00%.
FILG currently has the higher Sharpe Ratio (-0.47 vs -0.99), 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.
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