XRPR vs. ZCSH

Last updated Aug 1, 2026

XRPR (REX-Osprey XRP ETF) and ZCSH (Grayscale Zcash Trust (ZEC)) are both Cryptocurrency funds - XRPR tracks the XRP while ZCSH tracks the Zcash (ZEC). Both are passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. XRPR charges 0.75%/yr vs 2.50%/yr for ZCSH.

Performance

XRPR vs. ZCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey XRP ETF (XRPR) 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, XRPR achieves a -42.06% return, which is significantly lower than ZCSH's -1.40% return.

XRPR

• 1D: -2.47%
• 1M: -2.58%
• 6M: -39.04%
• YTD: -42.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ZCSH

• 1D: -5.94%
• 1M: 5.62%
• 6M: 46.86%
• YTD: -1.40%
• 1Y: 888.33%
• 3Y*: 138.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XRPR REX-Osprey XRP ETF	$159.08K	$159.59K	$242.33K
ZCSH Grayscale Zcash Trust (ZEC)	$1.45M	$1.75M	$3.75M

XRPR vs. ZCSH - Yearly Performance Comparison

	2026 (YTD)	2025
XRPR REX-Osprey XRP ETF	-42.06%	-41.98%
ZCSH Grayscale Zcash Trust (ZEC)	-1.40%	528.80%

Correlation

The correlation between XRPR and ZCSH is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.48

Return for Risk

XRPR vs. ZCSH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XRPR

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

ZCSH

ZCSH Risk / Return Rank: 96
ZCSH Sharpe Ratio Rank: 98
ZCSH Sortino Ratio Rank: 94
ZCSH Omega Ratio Rank: 92
ZCSH Calmar Ratio Rank: 98
ZCSH Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XRPR vs. ZCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey XRP ETF (XRPR) 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.

	XRPR	ZCSH	Difference
Sharpe ratio: Return per unit of total volatility	—	4.85	—
Sortino ratio: Return per unit of downside risk	—	3.74	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	12.18	—
Martin ratio: Return relative to average drawdown	—	22.08	—

Drawdowns

XRPR vs. ZCSH - Drawdown Comparison

The maximum XRPR drawdown since its inception was -67.27%, smaller than the maximum ZCSH drawdown of -93.73%. Use the drawdown chart below to compare losses from any high point for XRPR and ZCSH.

Drawdown Indicators

	XRPR	ZCSH	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-93.73%	+26.46%
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	-66.38%	-41.19%	-25.19%
Average Drawdown Average peak-to-trough decline	-45.14%	-73.19%	+28.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.32%	—

Volatility

Volatility by Period

	XRPR	ZCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	30.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.44%	175.09%	-100.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.44%	137.54%	-63.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.44%	137.54%	-63.10%

XRPR vs. ZCSH - Expense Ratio Comparison

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

Dividends

XRPR vs. ZCSH - Dividend Comparison

Neither XRPR nor ZCSH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRPR and ZCSH in my portfolio?

XRPR 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.

Which ETF is better, XRPR or ZCSH?

On fees, XRPR 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, XRPR or ZCSH?

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

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

XRPR and ZCSH have nearly identical dividend yields, around 0.00%.

What is the main difference between XRPR and ZCSH?

XRPR tracks XRP, while ZCSH tracks Zcash (ZEC). They also come from different issuers: REX Shares and Grayscale. Their fees differ too: 0.75% for XRPR and 2.50% for ZCSH.