Grayscale Zcash ETF
Prices on SharpeShare since Oct 21, 2021
52-week range
Low $14.15High $124.69
Has ZCSH beaten the S&P 500?
Over the last year (to Oct 20, 2026), ZCSH returned +383.9%; the S&P 500 (SPY) returned +15.8%.
Oct 20, 2025 – Oct 20, 2026. Returns include dividends and other distributions, reinvested.
How are your investments doing?
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Returns by period
| Period | ZCSH | S&P 500 |
|---|---|---|
| 1 month | -17.8% | +1.0% |
| 3 months | +157.1% | +3.9% |
| Year to date | +207.8% | +13.7% |
| 1 year | +383.9% | +15.8% |
| 3 years (annualized) | +285.3% | +23.7% |
Volatility (1-year, annualized): 161.7%
How has ZCSH done each year?
ZCSH returned more than the S&P 500 in 3 of the 4 full calendar years SharpeShare can compare (2023, 2024 and 2025).
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2021*: ZCSH -8.2%, S&P 500 (SPY) +5.1%
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2022: ZCSH -86.3%, S&P 500 (SPY) -18.2%
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2023: ZCSH +65.9%, S&P 500 (SPY) +26.2%
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2024: ZCSH +96.9%, S&P 500 (SPY) +24.9%
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2025: ZCSH +446.8%, S&P 500 (SPY) +17.7%
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2026*: ZCSH +207.8%, S&P 500 (SPY) +13.7%
* Part of a year: the returns SharpeShare measures start or end inside it.
Select a month to see its return.
Each cell is that month's return, dividends included: green up, red down, uncolored when it rounds to 0.0%.
How rough does it get?
Counting dividends, ZCSH's largest decline since Oct 2021 was 92.1%, from Dec 2, 2021 to Jan 3, 2023. It was back at that high on Oct 20, 2025, 34 months after the low. During the S&P 500's declines of 10% or more in that time, ZCSH returned -70.0% (Jan 3 – Oct 12, 2022, when the S&P 500 fell 24.5%) and -22.9% (Feb 19 – Apr 8, 2025, when the S&P 500 fell 18.8%).
In the last year, ZCSH moved less than 1% up or down on 9% of trading days. Its biggest one-day fall was 36.1% (Jun 5, 2026); its biggest rise 32.2% (Nov 26, 2025).
Highest closing price since Oct 2021: $41.56 on Sep 24, 2026. The latest close, $32.26 on Oct 20, 2026, is 22.4% below it.
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