ZEC-USD vs. SOL-USD
ZEC-USD (ZCash) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, ZEC-USD returned 43.54%/yr vs 23.94%/yr for SOL-USD. At a 0.50 correlation, their price movements are largely independent.
Performance
ZEC-USD vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ZEC-USD achieves a 11.07% return, which is significantly higher than SOL-USD's -38.21% return.
ZEC-USD
- 1D
- 0.51%
- 1M
- 9.40%
- 6M
- 26.79%
- YTD
- 11.07%
- 1Y
- 1,193.50%
- 3Y*
- 163.86%
- 5Y*
- 43.54%
- 10Y*
- —
SOL-USD
- 1D
- -1.17%
- 1M
- 4.02%
- 6M
- -47.58%
- YTD
- -38.21%
- 1Y
- -53.12%
- 3Y*
- 41.00%
- 5Y*
- 23.94%
- 10Y*
- —
ZEC-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between ZEC-USD and SOL-USD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.50 |
The correlation between ZEC-USD and SOL-USD has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
ZEC-USD vs. SOL-USD — Risk / Return Rank
ZEC-USD
SOL-USD
ZEC-USD vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZCash (ZEC-USD) and Solana (SOL-USD). 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.
| ZEC-USD | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.23 | ||
| Sortino ratioReturn per unit of downside risk | +5.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.91 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 16.63 | -0.71 | +17.34 |
| Martin ratioReturn relative to average drawdown | 30.80 | -1.04 | +31.84 |
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Drawdowns
ZEC-USD vs. SOL-USD - Drawdown Comparison
The maximum ZEC-USD drawdown since its inception was -97.92%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for ZEC-USD and SOL-USD.
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Drawdown Indicators
| ZEC-USD | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -96.27% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -71.77% | -74.89% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -71.77% | -76.28% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -93.77% | -96.27% | +2.50% |
Current DrawdownCurrent decline from peak | -35.63% | -70.65% | +35.02% |
Average DrawdownAverage peak-to-trough decline | -80.62% | -51.70% | -28.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.00% | 42.95% | +3.05% |
Volatility
ZEC-USD vs. SOL-USD - Volatility Comparison
ZCash (ZEC-USD) has a higher volatility of 27.31% compared to Solana (SOL-USD) at 14.96%. This indicates that ZEC-USD's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEC-USD | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.31% | 14.96% | +12.35% |
Volatility (6M)Calculated over the trailing 6-month period | 96.98% | 47.69% | +49.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.42% | 59.54% | +72.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.33% | 81.26% | +10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.88% | 99.26% | -1.38% |
Frequently Asked Questions
ZEC-USD and SOL-USD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZEC-USD has higher volatility (27.31%) compared to SOL-USD (14.96%). In terms of maximum drawdown, ZEC-USD dropped -97.92% vs SOL-USD's -96.27%.
ZEC-USD currently has the higher Sharpe Ratio (7.49 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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