FILG vs. GFOF

Last updated Jun 30, 2026

FILG (Grayscale Filecoin Trust (FIL)) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - FILG is a Cryptocurrency fund actively managed by Grayscale, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. FILG is actively managed, while GFOF is passively managed. At a 0.08 correlation, their price movements are largely independent.

Performance

FILG vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Filecoin Trust (FIL) (FILG) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FILG

• 1D: -1.07%
• 1M: -20.40%
• YTD: -29.82%
• 6M: -31.77%
• 1Y: -61.53%
• 3Y*: -57.85%
• 5Y*: —
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FILG vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FILG Grayscale Filecoin Trust (FIL)	-29.82%	-96.42%	19.35%	678.62%	-40.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-45.71%

Correlation

The correlation between FILG and GFOF is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since May 17, 2022	0.08

Return for Risk

FILG vs. GFOF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FILG

FILG Risk / Return Rank: 5
FILG Sharpe Ratio Rank: 6
FILG Sortino Ratio Rank: 7
FILG Omega Ratio Rank: 7
FILG Calmar Ratio Rank: 3
FILG Martin Ratio Rank: 4

GFOF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FILG vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Filecoin Trust (FIL) (FILG) and Grayscale Future of Finance ETF (GFOF). 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	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.15	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.80	—	—
Martin ratio: Return relative to average drawdown	-1.12	—	—

Drawdowns

Drawdown Indicators

	FILG	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-99.69%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-77.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.69%	—	—
Current Drawdown Current decline from peak	-99.65%	—	—
Average Drawdown Average peak-to-trough decline	-69.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	54.98%	—	—

Volatility

Volatility by Period

	FILG	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	74.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	131.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	192.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	192.15%	—	—

Dividends

FILG vs. GFOF - Dividend Comparison

Neither FILG nor GFOF has paid dividends to shareholders.

Position	TTM	2025	2024	2023
FILG Grayscale Filecoin Trust (FIL)	0.00%	0.00%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%

Frequently Asked Questions

Can I hold both FILG and GFOF in my portfolio?

FILG and GFOF have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, FILG or GFOF?

FILG and GFOF have nearly identical dividend yields, around 0.00%.

What is the main difference between FILG and GFOF?

FILG is categorized as Cryptocurrency, while GFOF is Blockchain.