Grayscale Zcash Trust (ZEC) (ZCSH) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZCSH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZCSH
ZCSH charges 2.50% annually. There are 126 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | ZCSH vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | ZCSH vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | ZCSH vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | ZCSH vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | ZCSH vs EZET |
Best Risk-Adjusted Alternatives to ZCSH
ZCSH has a PortfoliosLab risk / return rank of 96. No ETFs in the Cryptocurrency category have higher risk-adjusted ranks; the top alternatives shown here go as high as 44.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | 44 | 129.73M | Jun 2022 | ZCSH vs BITI | |
| CoinShares Bitcoin Miners ETF | 43 | 240.40M | Feb 2022 | ZCSH vs WGMI | |
| ProShares UltraShort Bitcoin ETF | 40 | 176.54M | Apr 2024 | ZCSH vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 35 | — | Jul 2024 | ZCSH vs BTCZ | |
| REX Crypto Equity Premium Income ETF | 27 | 111.94M | Dec 2024 | ZCSH vs CEPI |
Top Performing ZCSH Alternatives (YTD)
ZCSH is at 19.91% YTD. There are 7 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 31.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 31.25% | 240.40M | Feb 2022 | ZCSH vs WGMI | |
| ProShares UltraShort Bitcoin ETF | 31.15% | 176.54M | Apr 2024 | ZCSH vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 26.37% | — | Jul 2024 | ZCSH vs BTCZ | |
| ProShares Short Ether Strategy ETF | 26.20% | 16.03M | Nov 2023 | ZCSH vs SETH | |
| ProShares Short Bitcoin ETF | 23.29% | 129.73M | Jun 2022 | ZCSH vs BITI |
Lowest Volatility Alternatives to ZCSH
ZCSH has 174.95% 1-year volatility. There are 138 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.94%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.94% | — | Oct 2025 | ZCSH vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.63% | — | Oct 2025 | ZCSH vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.45% | — | Oct 2025 | ZCSH vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.49% | — | Oct 2025 | ZCSH vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.63% | 7.65M | Sep 2025 | ZCSH vs BFOC |
Lowest Drawdown Alternatives to ZCSH
ZCSH has a 1-year max drawdown of -69.62%. There are 59 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | ZCSH vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | ZCSH vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | ZCSH vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | ZCSH vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | ZCSH vs BTRN |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, ETHE, GDLC and span 3 categories. AUM among these funds goes as high as $8B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 2 | -26.58% | 8.39B | Jan 2024 | ZCSH vs GBTC | |
| Grayscale Ethereum Trust ETF | Cryptocurrency | 4 | -35.79% | 1.42B | Dec 2017 | ZCSH vs ETHE | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -29.24% | 333.62M | Feb 2018 | ZCSH vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | ZCSH vs GFOF | |
| Grayscale Litecoin Trust | Cryptocurrency | 1 | -44.48% | — | Aug 2020 | ZCSH vs LTCN | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -48.70% | 21.64M | Feb 2026 | ZCSH vs GSUI | |
| Grayscale Bitcoin Miners ETF | Blockchain | 21 | 15.68% | 12.09M | Jan 2025 | ZCSH vs MNRS | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 3 | -33.50% | 85.22M | Feb 2021 | ZCSH vs GLNK | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 1 | -48.04% | 141.12M | Apr 2017 | ZCSH vs ETCG | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 95.45M | Nov 2021 | ZCSH vs GSOL |
Often Compared With ZCSH
Investors most often compare ZCSH with BSOL, TOXR, CLNK. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare ZCSH with Any Fund or Stock
Compare ZCSH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZCSH with funds that move differently
Grayscale Zcash Trust (ZEC) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZCSH.
Explore ZCSH Diversifiers