FILG vs. WGMI
FILG (Grayscale Filecoin Trust (FIL)) and WGMI (CoinShares Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, FILG returned -57.85%/yr vs 70.12%/yr for WGMI. At a 0.19 correlation, their price movements are largely independent.
Performance
FILG vs. WGMI - 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 WGMI's 66.45% return.
FILG
- 1D
- -1.07%
- 1M
- -20.40%
- YTD
- -29.82%
- 6M
- -31.77%
- 1Y
- -61.53%
- 3Y*
- -57.85%
- 5Y*
- —
- 10Y*
- —
WGMI
- 1D
- -3.09%
- 1M
- -6.45%
- YTD
- 66.45%
- 6M
- 61.80%
- 1Y
- 193.41%
- 3Y*
- 70.12%
- 5Y*
- —
- 10Y*
- —
FILG vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | -29.82% | -96.42% | 19.35% | 678.62% | -40.00% |
WGMI CoinShares Bitcoin Miners ETF | 66.45% | 72.47% | 23.54% | 304.08% | -65.35% |
Correlation
The correlation between FILG and WGMI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | 0.19 |
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Return for Risk
FILG vs. WGMI — Risk / Return Rank
FILG
WGMI
FILG vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Filecoin Trust (FIL) (FILG) and CoinShares Bitcoin Miners ETF (WGMI). 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 | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.82 | -4.62 |
| Martin ratioReturn relative to average drawdown | -1.12 | 7.73 | -8.85 |
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Drawdowns
FILG vs. WGMI - Drawdown Comparison
The maximum FILG drawdown since its inception was -99.69%, which is greater than WGMI's maximum drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for FILG and WGMI.
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Drawdown Indicators
| FILG | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.69% | -85.76% | -13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -77.11% | -50.94% | -26.17% |
Max Drawdown (3Y)Largest decline over 3 years | -99.69% | -62.79% | -36.90% |
Current DrawdownCurrent decline from peak | -99.65% | -11.65% | -88.00% |
Average DrawdownAverage peak-to-trough decline | -69.02% | -42.31% | -26.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.98% | 25.15% | +29.83% |
Volatility
FILG vs. WGMI - Volatility Comparison
Grayscale Filecoin Trust (FIL) (FILG) has a higher volatility of 32.73% compared to CoinShares Bitcoin Miners ETF (WGMI) at 21.13%. This indicates that FILG's price experiences larger fluctuations and is considered to be riskier than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FILG | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.73% | 21.13% | +11.60% |
Volatility (6M)Calculated over the trailing 6-month period | 74.94% | 55.14% | +19.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.33% | 76.44% | +54.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.15% | 81.44% | +110.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.15% | 81.44% | +110.71% |
Dividends
FILG vs. WGMI - Dividend Comparison
Neither FILG nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FILG Grayscale Filecoin Trust (FIL) | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
FILG and WGMI have a correlation of 0.27, 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 WGMI (21.13%). In terms of maximum drawdown, FILG dropped -99.69% vs WGMI's -85.76%.
On 3-year performance, WGMI leads with 70.12% vs -57.85% for FILG. On volatility, WGMI has been the lower-risk option at 21.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WGMI has performed better with a 70.12% return vs -57.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FILG and WGMI have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and CoinShares.
WGMI currently has the higher Sharpe Ratio (2.55 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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