SOEZ vs. ZCSH

Last updated Jun 4, 2026

SOEZ (Franklin Solana ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds. SOEZ is actively managed, while ZCSH is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. SOEZ charges 0.19%/yr vs 2.50%/yr for ZCSH.

Performance

SOEZ vs. ZCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) 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, SOEZ achieves a -40.75% return, which is significantly lower than ZCSH's 41.32% return.

SOEZ

• 1D: -4.56%
• 1M: -14.51%
• YTD: -40.75%
• 6M: -47.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZCSH

• 1D: -5.29%
• 1M: 47.90%
• YTD: 41.32%
• 6M: 72.54%
• 1Y: 1,002.48%
• 3Y*: 185.96%
• 5Y*: —
• 10Y*: —

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

SOEZ vs. ZCSH - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-40.75%	-11.97%
ZCSH Grayscale Zcash Trust (ZEC)	41.32%	22.10%

Correlation

The correlation between SOEZ and ZCSH is 0.52, 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 Dec 4, 2025	0.52

Return for Risk

SOEZ 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: 98
ZCSH Sortino Ratio Rank: 89
ZCSH Omega Ratio Rank: 81
ZCSH Calmar Ratio Rank: 98
ZCSH Martin Ratio Rank: 94

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.

SOEZ vs. ZCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) 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

	SOEZ	ZCSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	0.10	-1.17

Drawdowns

SOEZ vs. ZCSH - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -50.21%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for SOEZ and ZCSH.

Drawdown Indicators

	SOEZ	ZCSH	Difference
Max Drawdown Largest peak-to-trough decline	-50.21%	-93.73%	+43.52%
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	-50.21%	-15.71%	-34.50%
Average Drawdown Average peak-to-trough decline	-30.80%	-74.41%	+43.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.49%	—

Volatility

Volatility by Period

	SOEZ	ZCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	94.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.92%	166.02%	-97.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.92%	136.87%	-67.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	136.87%	-67.95%

SOEZ vs. ZCSH - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than ZCSH's 2.50% expense ratio.

Dividends

SOEZ vs. ZCSH - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.57%, while ZCSH has not paid dividends to shareholders.

Position	TTM
SOEZ Franklin Solana ETF	0.57%
ZCSH Grayscale Zcash Trust (ZEC)	0.00%

Frequently Asked Questions

Can I hold both SOEZ and ZCSH in my portfolio?

SOEZ and ZCSH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOEZ or ZCSH?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOEZ or ZCSH?

SOEZ is cheaper with a 0.19% expense ratio, compared with 2.50% for ZCSH.

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

SOEZ has the higher dividend yield at 0.57%, compared with 0.00% for ZCSH.

What is the main difference between SOEZ and ZCSH?

They also come from different issuers: Franklin and Grayscale. Their fees differ too: 0.19% for SOEZ and 2.50% for ZCSH.