FILG vs. BTRN
FILG (Grayscale Filecoin Trust (FIL)) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. FILG is actively managed, while BTRN is passively managed. Over the past year, FILG returned -68.96% vs -23.90% for BTRN. At a 0.22 correlation, their price movements are largely independent.
Performance
FILG vs. BTRN - Performance Comparison
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Returns By Period
In the year-to-date period, FILG achieves a -29.06% return, which is significantly lower than BTRN's -9.44% return.
FILG
- 1D
- 0.92%
- 1M
- -3.45%
- 6M
- -37.26%
- YTD
- -29.06%
- 1Y
- -68.96%
- 3Y*
- -64.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -37.41%
BTRN
- 1D
- 0.73%
- 1M
- 0.20%
- 6M
- -11.62%
- YTD
- -9.44%
- 1Y
- -23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.83%
FILG vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.06% | -96.42% | -71.69% |
BTRN Global X Bitcoin Trend Strategy ETF | -9.44% | 4.89% | 3.25% |
Correlation
The correlation between FILG and BTRN is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.22 |
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Return for Risk
FILG vs. BTRN — Risk / Return Rank
FILG
BTRN
FILG vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Filecoin Trust (FIL) (FILG) and Global X Bitcoin Trend Strategy ETF (BTRN). 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 | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.74 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.92 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.43 | +0.22 |
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Drawdowns
FILG vs. BTRN - Drawdown Comparison
The maximum FILG drawdown since its inception was -99.69%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for FILG and BTRN.
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Drawdown Indicators
| FILG | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.69% | -36.97% | -62.72% |
Max Drawdown (1Y)Largest decline over 1 year | -76.85% | -26.03% | -50.82% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | — | — |
Current DrawdownCurrent decline from peak | -99.65% | -25.42% | -74.23% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -15.00% | -54.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.25% | 16.77% | +40.48% |
Volatility
FILG vs. BTRN - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 25.32% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 2.25%. This indicates that FILG's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FILG | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.32% | 2.25% | +23.07% |
Volatility (6M)Calculated over the trailing 6-month period | 71.46% | 9.99% | +61.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.68% | 17.16% | +110.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 191.02% | 30.16% | +160.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.02% | 30.16% | +160.86% |
Dividends
FILG vs. BTRN - Dividend Comparison
FILG has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.00%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.00% | 27.76% | 2.56% |
FILG Grayscale Filecoin Trust (FIL) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FILG and BTRN have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FILG has higher volatility (25.32%) compared to BTRN (2.25%). In terms of maximum drawdown, FILG dropped -99.69% vs BTRN's -36.97%.
On 1-year performance, BTRN leads with -23.90% vs -68.96% for FILG. On volatility, BTRN has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTRN has performed better with a -23.90% return vs -68.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN has the higher dividend yield at 31.00%, compared with 0.00% for FILG.
They also come from different issuers: Grayscale and Global X.
FILG currently has the higher Sharpe Ratio (-0.54 vs -1.40), 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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