ZCSH vs. GSOL
ZCSH (Grayscale Zcash Trust (ZEC)) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds from Grayscale. ZCSH is passively managed, while GSOL is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. ZCSH charges 2.50%/yr vs 0.35%/yr for GSOL.
Performance
ZCSH vs. GSOL - Performance Comparison
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Returns By Period
ZCSH
- 1D
- -5.84%
- 1M
- -45.29%
- YTD
- -17.94%
- 6M
- -16.23%
- 1Y
- 681.82%
- 3Y*
- 132.99%
- 5Y*
- —
- 10Y*
- —
GSOL
- 1D
- -4.06%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZCSH vs. GSOL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZCSH Grayscale Zcash Trust (ZEC) | -33.85% |
GSOL Grayscale Solana Staking ETF | -17.88% |
Correlation
The correlation between ZCSH and GSOL is 0.57, 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 | 0.57 |
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Return for Risk
ZCSH vs. GSOL — Risk / Return Rank
ZCSH
GSOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZCSH vs. GSOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Zcash Trust (ZEC) (ZCSH) and Grayscale Solana Staking ETF (GSOL). 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.
| ZCSH | GSOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.89 | — | — |
| Martin ratioReturn relative to average drawdown | 18.63 | — | — |
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Drawdowns
ZCSH vs. GSOL - Drawdown Comparison
The maximum ZCSH drawdown since its inception was -93.73%, which is greater than GSOL's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for ZCSH and GSOL.
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Drawdown Indicators
| ZCSH | GSOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.73% | -22.60% | -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 | -51.05% | -19.35% | -31.70% |
Average DrawdownAverage peak-to-trough decline | -73.99% | -13.23% | -60.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.86% | — | — |
Volatility
ZCSH vs. GSOL - Volatility Comparison
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Volatility by Period
| ZCSH | GSOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 64.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 107.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 174.35% | 82.02% | +92.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.31% | 82.02% | +56.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.31% | 82.02% | +56.29% |
ZCSH vs. GSOL - Expense Ratio Comparison
ZCSH has a 2.50% expense ratio, which is higher than GSOL's 0.35% expense ratio.
Dividends
ZCSH vs. GSOL - Dividend Comparison
Neither ZCSH nor GSOL has paid dividends to shareholders.
Frequently Asked Questions
ZCSH and GSOL have a correlation of 0.57, 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.
ZCSH and GSOL have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for ZCSH and 0.35% for GSOL.
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