BESO vs. ZCSH
BESO (GSR Crypto Core3 ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds. BESO is actively managed, while ZCSH is passively managed. At a 0.48 correlation, their price movements are largely independent. BESO charges 1.00%/yr vs 2.50%/yr for ZCSH.
Performance
BESO vs. ZCSH - Performance Comparison
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Returns By Period
BESO
- 1D
- -0.37%
- 1M
- 14.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZCSH
- 1D
- 16.32%
- 1M
- 52.96%
- 6M
- 25.89%
- YTD
- 16.76%
- 1Y
- 964.08%
- 3Y*
- 141.39%
- 5Y*
- —
- 10Y*
- —
BESO vs. ZCSH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BESO GSR Crypto Core3 ETF | -2.19% |
ZCSH Grayscale Zcash Trust (ZEC) | 65.96% |
Correlation
The correlation between BESO and ZCSH is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.48 |
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Return for Risk
BESO vs. ZCSH — Risk / Return Rank
BESO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZCSH
BESO vs. ZCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GSR Crypto Core3 ETF (BESO) and Grayscale Zcash Trust (ZEC) (ZCSH). 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.
| BESO | ZCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 13.99 | — |
| Martin ratioReturn relative to average drawdown | — | 25.78 | — |
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Drawdowns
BESO vs. ZCSH - Drawdown Comparison
The maximum BESO drawdown since its inception was -18.08%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for BESO and ZCSH.
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Drawdown Indicators
| BESO | ZCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -93.73% | +75.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -71.90% | — |
Current DrawdownCurrent decline from peak | -5.68% | -30.35% | +24.67% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -73.80% | +64.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.72% | — |
Volatility
BESO vs. ZCSH - Volatility Comparison
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Volatility by Period
| BESO | ZCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 61.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 106.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.31% | 174.32% | -132.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.31% | 138.11% | -95.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.31% | 138.11% | -95.80% |
BESO vs. ZCSH - Expense Ratio Comparison
BESO has a 1.00% expense ratio, which is lower than ZCSH's 2.50% expense ratio.
Dividends
BESO vs. ZCSH - Dividend Comparison
Neither BESO nor ZCSH has paid dividends to shareholders.
Frequently Asked Questions
BESO and ZCSH have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BESO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BESO is cheaper with a 1.00% expense ratio, compared with 2.50% for ZCSH.
BESO and ZCSH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GSR and Grayscale. Their fees differ too: 1.00% for BESO and 2.50% for ZCSH.
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