FILG vs. CEPI
FILG (Grayscale Filecoin Trust (FIL)) and CEPI (REX Crypto Equity Premium Income ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, FILG returned -68.96% vs 16.04% for CEPI. At a 0.28 correlation, their price movements are largely independent.
Performance
FILG vs. CEPI - 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 CEPI's 16.50% 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%
CEPI
- 1D
- 2.64%
- 1M
- -6.13%
- 6M
- 9.54%
- YTD
- 16.50%
- 1Y
- 16.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.87%
FILG vs. CEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.06% | -96.42% | -41.89% |
CEPI REX Crypto Equity Premium Income ETF | 16.50% | 10.75% | -7.02% |
Correlation
The correlation between FILG and CEPI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.28 |
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Return for Risk
FILG vs. CEPI — Risk / Return Rank
FILG
CEPI
FILG vs. CEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Filecoin Trust (FIL) (FILG) and REX Crypto Equity Premium Income ETF (CEPI). 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 | CEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.12 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.72 | -1.62 |
| Martin ratioReturn relative to average drawdown | -1.20 | 1.68 | -2.89 |
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Drawdowns
FILG vs. CEPI - Drawdown Comparison
The maximum FILG drawdown since its inception was -99.69%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for FILG and CEPI.
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Drawdown Indicators
| FILG | CEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.69% | -29.48% | -70.21% |
Max Drawdown (1Y)Largest decline over 1 year | -76.85% | -22.47% | -54.38% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | — | — |
Current DrawdownCurrent decline from peak | -99.65% | -6.50% | -93.15% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -8.27% | -61.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.25% | 9.56% | +47.69% |
Volatility
FILG vs. CEPI - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 25.32% compared to REX Crypto Equity Premium Income ETF (CEPI) at 8.03%. This indicates that FILG's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FILG | CEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.32% | 8.03% | +17.29% |
Volatility (6M)Calculated over the trailing 6-month period | 71.46% | 22.41% | +49.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.68% | 28.20% | +99.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 191.02% | 31.47% | +159.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.02% | 31.47% | +159.55% |
Dividends
FILG vs. CEPI - Dividend Comparison
FILG has not paid dividends to shareholders, while CEPI's dividend yield for the trailing twelve months is around 47.31%.
| Position | TTM | 2025 |
|---|---|---|
CEPI REX Crypto Equity Premium Income ETF | 47.31% | 50.78% |
FILG Grayscale Filecoin Trust (FIL) | 0.00% | 0.00% |
Frequently Asked Questions
FILG and CEPI have a correlation of 0.35, 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 CEPI (8.03%). In terms of maximum drawdown, FILG dropped -99.69% vs CEPI's -29.48%.
On 1-year performance, CEPI leads with 16.04% vs -68.96% for FILG. On volatility, CEPI has been the lower-risk option at 8.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEPI has performed better with a 16.04% return vs -68.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEPI has the higher dividend yield at 47.31%, compared with 0.00% for FILG.
They also come from different issuers: Grayscale and REX.
CEPI currently has the higher Sharpe Ratio (0.57 vs -0.54), 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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