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 -61.53% vs 25.85% 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 -29.82% return, which is significantly lower than CEPI's 20.69% return.
FILG
- 1D
- -1.07%
- 1M
- -20.40%
- YTD
- -29.82%
- 6M
- -31.77%
- 1Y
- -61.53%
- 3Y*
- -57.85%
- 5Y*
- —
- 10Y*
- —
CEPI
- 1D
- 0.79%
- 1M
- -1.55%
- YTD
- 20.69%
- 6M
- 19.17%
- 1Y
- 25.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FILG vs. CEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.82% | -96.42% | -41.89% |
CEPI REX Crypto Equity Premium Income ETF | 20.69% | 10.75% | -7.02% |
Correlation
The correlation between FILG and CEPI is 0.34, 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 | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.16 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.12 | 2.74 | -3.86 |
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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 | -77.11% | -22.47% | -54.64% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | — | — |
Current DrawdownCurrent decline from peak | -99.65% | -3.14% | -96.51% |
Average DrawdownAverage peak-to-trough decline | -69.02% | -8.36% | -60.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.98% | 9.46% | +45.52% |
Volatility
FILG vs. CEPI - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 32.73% compared to REX Crypto Equity Premium Income ETF (CEPI) at 8.28%. 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 | 32.73% | 8.28% | +24.45% |
Volatility (6M)Calculated over the trailing 6-month period | 74.94% | 21.55% | +53.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.33% | 27.41% | +103.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.15% | 31.52% | +160.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.15% | 31.52% | +160.63% |
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 42.20%.
| Position | TTM | 2025 |
|---|---|---|
CEPI REX Crypto Equity Premium Income ETF | 42.20% | 50.78% |
FILG Grayscale Filecoin Trust (FIL) | 0.00% | 0.00% |
Frequently Asked Questions
FILG and CEPI have a correlation of 0.34, 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 CEPI (8.28%). In terms of maximum drawdown, FILG dropped -99.69% vs CEPI's -29.48%.
On 1-year performance, CEPI leads with 25.85% vs -61.53% for FILG. On volatility, CEPI has been the lower-risk option at 8.28%. 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 25.85% return vs -61.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEPI has the higher dividend yield at 42.20%, compared with 0.00% for FILG.
They also come from different issuers: Grayscale and REX.
CEPI currently has the higher Sharpe Ratio (0.95 vs -0.47), 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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