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 -61.53% vs -18.78% 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 -29.82% return, which is significantly lower than BTRN's -10.63% return.
FILG
- 1D
- -1.07%
- 1M
- -20.40%
- YTD
- -29.82%
- 6M
- -31.77%
- 1Y
- -61.53%
- 3Y*
- -57.85%
- 5Y*
- —
- 10Y*
- —
BTRN
- 1D
- -0.03%
- 1M
- -7.03%
- YTD
- -10.63%
- 6M
- -10.63%
- 1Y
- -18.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FILG vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.82% | -96.42% | -71.69% |
BTRN Global X Bitcoin Trend Strategy ETF | -10.63% | 4.89% | 3.25% |
Correlation
The correlation between FILG and BTRN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
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 | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.81 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.71 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.17 | +0.05 |
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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 | -77.11% | -26.45% | -50.66% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | — | — |
Current DrawdownCurrent decline from peak | -99.65% | -26.40% | -73.25% |
Average DrawdownAverage peak-to-trough decline | -69.02% | -14.72% | -54.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.98% | 16.08% | +38.90% |
Volatility
FILG vs. BTRN - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 32.73% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 3.65%. 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 | 32.73% | 3.65% | +29.08% |
Volatility (6M)Calculated over the trailing 6-month period | 74.94% | 10.21% | +64.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.33% | 18.50% | +112.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.15% | 30.51% | +161.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.15% | 30.51% | +161.64% |
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 31.41%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.41% | 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 0.28, 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 BTRN (3.65%). In terms of maximum drawdown, FILG dropped -99.69% vs BTRN's -36.97%.
On 1-year performance, BTRN leads with -18.78% vs -61.53% for FILG. On volatility, BTRN has been the lower-risk option at 3.65%. 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 -18.78% return vs -61.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN has the higher dividend yield at 31.41%, compared with 0.00% for FILG.
They also come from different issuers: Grayscale and Global X.
FILG currently has the higher Sharpe Ratio (-0.47 vs -1.02), 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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