ISBG vs. ZCSH

Last updated Jun 3, 2026

ISBG (IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds. ISBG is actively managed, while ZCSH is passively managed. At a 0.40 correlation, their price movements are largely independent. ISBG charges 1.14%/yr vs 2.50%/yr for ZCSH.

Performance

ISBG vs. ZCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) and Grayscale Zcash Trust (ZEC) (ZCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISBG

• 1D: -7.86%
• 1M: -21.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZCSH

• 1D: 15.08%
• 1M: 75.10%
• YTD: 49.20%
• 6M: 98.43%
• 1Y: 1,084.60%
• 3Y*: 191.19%
• 5Y*: —
• 10Y*: —

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

ISBG vs. ZCSH - Yearly Performance Comparison

	2026 (YTD)
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	-32.56%
ZCSH Grayscale Zcash Trust (ZEC)	69.62%

Correlation

The correlation between ISBG and ZCSH is 0.40, 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 Jan 22, 2026	0.40

Return for Risk

ISBG vs. ZCSH — Risk / Return Rank

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

ZCSH

ZCSH Risk / Return Rank: 92
ZCSH Sharpe Ratio Rank: 99
ZCSH Sortino Ratio Rank: 89
ZCSH Omega Ratio Rank: 81
ZCSH Calmar Ratio Rank: 98
ZCSH Martin Ratio Rank: 95

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.

ISBG vs. ZCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) 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.

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

Sharpe Ratios by Period

	ISBG	ZCSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	0.11	-0.99

Drawdowns

ISBG vs. ZCSH - Drawdown Comparison

The maximum ISBG drawdown since its inception was -38.42%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for ISBG and ZCSH.

Drawdown Indicators

	ISBG	ZCSH	Difference
Max Drawdown Largest peak-to-trough decline	-38.42%	-93.73%	+55.31%
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	-38.42%	-11.00%	-27.42%
Average Drawdown Average peak-to-trough decline	-23.08%	-74.46%	+51.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.47%	—

Volatility

Volatility by Period

	ISBG	ZCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	98.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.53%	165.89%	-90.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.53%	136.90%	-61.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.53%	136.90%	-61.37%

ISBG vs. ZCSH - Expense Ratio Comparison

ISBG has a 1.14% expense ratio, which is lower than ZCSH's 2.50% expense ratio.

Dividends

ISBG vs. ZCSH - Dividend Comparison

ISBG's dividend yield for the trailing twelve months is around 8.94%, while ZCSH has not paid dividends to shareholders.

Position	TTM
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	8.94%
ZCSH Grayscale Zcash Trust (ZEC)	0.00%

Frequently Asked Questions

Can I hold both ISBG and ZCSH in my portfolio?

ISBG and ZCSH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISBG or ZCSH?

On fees, ISBG is cheaper at 1.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISBG or ZCSH?

ISBG is cheaper with a 1.14% expense ratio, compared with 2.50% for ZCSH.

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

ISBG has the higher dividend yield at 8.94%, compared with 0.00% for ZCSH.

What is the main difference between ISBG and ZCSH?

They also come from different issuers: Quantify Funds and Grayscale. Their fees differ too: 1.14% for ISBG and 2.50% for ZCSH.