ETTY vs. ZCSH

Last updated Jun 24, 2026

ETTY (Amplify Ethereum 3% Monthly Option Income ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds. ETTY is actively managed, while ZCSH is passively managed. At a 0.45 correlation, their price movements are largely independent. ETTY charges 0.75%/yr vs 2.50%/yr for ZCSH.

Performance

ETTY vs. ZCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum 3% Monthly Option Income ETF (ETTY) and Grayscale Zcash Trust (ZEC) (ZCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETTY achieves a -43.72% return, which is significantly lower than ZCSH's -12.85% return.

ETTY

• 1D: -4.71%
• 1M: -22.31%
• YTD: -43.72%
• 6M: -41.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZCSH

• 1D: -6.64%
• 1M: -41.90%
• YTD: -12.85%
• 6M: -2.07%
• 1Y: 725.30%
• 3Y*: 137.71%
• 5Y*: —
• 10Y*: —

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

ETTY vs. ZCSH - Yearly Performance Comparison

	2026 (YTD)	2025
ETTY Amplify Ethereum 3% Monthly Option Income ETF	-43.72%	-27.75%
ZCSH Grayscale Zcash Trust (ZEC)	-12.85%	126.68%

Correlation

The correlation between ETTY and ZCSH is 0.45, 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 Oct 9, 2025	0.45

Return for Risk

ETTY vs. ZCSH — Risk / Return Rank

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

ETTY

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

ZCSH

ZCSH Risk / Return Rank: 91
ZCSH Sharpe Ratio Rank: 97
ZCSH Sortino Ratio Rank: 88
ZCSH Omega Ratio Rank: 80
ZCSH Calmar Ratio Rank: 97
ZCSH Martin Ratio Rank: 91

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.

ETTY vs. ZCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum 3% Monthly Option Income ETF (ETTY) 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.

	ETTY	ZCSH	Difference
Sharpe ratio: Return per unit of total volatility	—	4.20	—
Sortino ratio: Return per unit of downside risk	—	3.61	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	10.52	—
Martin ratio: Return relative to average drawdown	—	19.90	—

Drawdowns

ETTY vs. ZCSH - Drawdown Comparison

The maximum ETTY drawdown since its inception was -61.36%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for ETTY and ZCSH.

Drawdown Indicators

	ETTY	ZCSH	Difference
Max Drawdown Largest peak-to-trough decline	-61.36%	-93.73%	+32.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-69.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-71.90%	—
Current Drawdown Current decline from peak	-59.37%	-48.02%	-11.35%
Average Drawdown Average peak-to-trough decline	-36.31%	-74.01%	+37.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	36.72%	—

Volatility

Volatility by Period

	ETTY	ZCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	64.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	107.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	64.27%	174.37%	-110.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.27%	138.34%	-74.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.27%	138.34%	-74.07%

ETTY vs. ZCSH - Expense Ratio Comparison

ETTY has a 0.75% expense ratio, which is lower than ZCSH's 2.50% expense ratio.

Dividends

ETTY vs. ZCSH - Dividend Comparison

ETTY's dividend yield for the trailing twelve months is around 36.18%, while ZCSH has not paid dividends to shareholders.

Position	TTM	2025
ETTY Amplify Ethereum 3% Monthly Option Income ETF	36.18%	6.26%
ZCSH Grayscale Zcash Trust (ZEC)	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETTY and ZCSH in my portfolio?

ETTY and ZCSH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETTY or ZCSH?

On fees, ETTY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETTY or ZCSH?

ETTY is cheaper with a 0.75% expense ratio, compared with 2.50% for ZCSH.

Which ETF pays a higher dividend yield, ETTY or ZCSH?

ETTY has the higher dividend yield at 36.18%, compared with 0.00% for ZCSH.

What is the main difference between ETTY and ZCSH?

They also come from different issuers: Amplify and Grayscale. Their fees differ too: 0.75% for ETTY and 2.50% for ZCSH.