GSOL vs. ZCSH
GSOL (Grayscale Solana Staking ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds from Grayscale. GSOL is actively managed, while ZCSH is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. GSOL charges 0.35%/yr vs 2.50%/yr for ZCSH.
Performance
GSOL vs. ZCSH - Performance Comparison
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Returns By Period
GSOL
- 1D
- -1.72%
- 1M
- 3.25%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZCSH
- 1D
- -3.72%
- 1M
- 21.32%
- 6M
- 34.21%
- YTD
- 22.17%
- 1Y
- 872.41%
- 3Y*
- 147.29%
- 5Y*
- —
- 10Y*
- —
GSOL vs. ZCSH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GSOL Grayscale Solana Staking ETF | -5.46% |
ZCSH Grayscale Zcash Trust (ZEC) | -1.51% |
Correlation
The correlation between GSOL and ZCSH is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.64 |
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Return for Risk
GSOL vs. ZCSH — Risk / Return Rank
GSOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZCSH
GSOL vs. ZCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) 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.
| GSOL | ZCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 12.66 | — |
| Martin ratioReturn relative to average drawdown | — | 23.13 | — |
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Drawdowns
GSOL vs. ZCSH - Drawdown Comparison
The maximum GSOL drawdown since its inception was -22.60%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for GSOL and ZCSH.
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Drawdown Indicators
| GSOL | ZCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -93.73% | +71.13% |
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 | -7.61% | -27.13% | +19.52% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -73.53% | +63.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 38.03% | — |
Volatility
GSOL vs. ZCSH - Volatility Comparison
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Volatility by Period
| GSOL | ZCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 32.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 107.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.86% | 174.80% | -99.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.86% | 137.97% | -63.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.86% | 137.97% | -63.11% |
GSOL vs. ZCSH - Expense Ratio Comparison
GSOL has a 0.35% expense ratio, which is lower than ZCSH's 2.50% expense ratio.
Dividends
GSOL vs. ZCSH - Dividend Comparison
Neither GSOL nor ZCSH has paid dividends to shareholders.
Frequently Asked Questions
GSOL and ZCSH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSOL is cheaper with a 0.35% expense ratio, compared with 2.50% for ZCSH.
GSOL and ZCSH have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GSOL and 2.50% for ZCSH.
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