ZEC-USD vs. SOL-USD
ZEC-USD (ZCash) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, ZEC-USD returned 20.83%/yr vs 8.85%/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 -24.50% return, which is significantly higher than SOL-USD's -48.05% return.
ZEC-USD
- 1D
- -16.05%
- 1M
- -30.42%
- YTD
- -24.50%
- 6M
- 6.99%
- 1Y
- 707.71%
- 3Y*
- 134.07%
- 5Y*
- 20.83%
- 10Y*
- —
SOL-USD
- 1D
- -6.02%
- 1M
- -27.48%
- YTD
- -48.05%
- 6M
- -51.51%
- 1Y
- -55.22%
- 3Y*
- 46.91%
- 5Y*
- 8.85%
- 10Y*
- —
ZEC-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between ZEC-USD and SOL-USD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.50 |
The correlation between ZEC-USD and SOL-USD has been stable across timeframes, ranging from 0.45 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.
| ZEC-USD | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.29 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.90 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 9.86 | -0.75 | +10.61 |
| Martin ratioReturn relative to average drawdown | 18.56 | -1.22 | +19.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZEC-USD | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.52 | -0.77 | +5.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.09 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.82 | -0.61 |
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% | -73.89% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -71.77% | -75.32% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -93.77% | -96.27% | +2.50% |
Current DrawdownCurrent decline from peak | -56.25% | -75.32% | +19.07% |
Average DrawdownAverage peak-to-trough decline | -81.01% | -51.36% | -29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.97% | 51.93% | -7.96% |
Volatility
ZEC-USD vs. SOL-USD - Volatility Comparison
ZCash (ZEC-USD) has a higher volatility of 51.60% compared to Solana (SOL-USD) at 15.17%. 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 | 51.60% | 15.17% | +36.43% |
Volatility (6M)Calculated over the trailing 6-month period | 97.97% | 45.73% | +52.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.21% | 60.01% | +70.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.37% | 82.59% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.87% | 99.84% | -1.97% |
Frequently Asked Questions
ZEC-USD and SOL-USD have a correlation of 0.45, 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 (51.60%) compared to SOL-USD (15.17%). In terms of maximum drawdown, ZEC-USD dropped -97.92% vs SOL-USD's -96.27%.
ZEC-USD currently has the higher Sharpe Ratio (4.52 vs -0.77), 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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