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ETF sheet · Issuer-declared data

UBS Gold hEUR ETF EUR accIndex, costs, backtest, listings and taxation

ISIN: CH0106027144Issuer: UBSCurrency hedging: EUR-hedged share class

Issuer-declared data

Declared index

LBMA Gold Price EUR hedged

TER

0.23%

Transaction costs

0.08% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Accumulating

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

NAV

116.08 EUR

Domicile

Switzerland

Inception date

25 January 2010

Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.

Fund historyNot yet available: no data archived for this share class.Open the history →

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Description

UBS Gold hEUR ETF EUR acc tracks the issuer-declared index: LBMA Gold Price EUR hedged. The declared annual cost (TER) is 0.23%, plus 0.08% in transaction costs estimated by the issuer in the KID. The fund was launched on 25 January 2010 and is domiciled in Switzerland.

The fund’s objective — in the issuer’s words

The investment objective of the subfund is to reflect the performance of gold after deducting the commissions and costs charged to the subfund. The currency risk of the fund currency against the US dollar is hedged in the hedged subfunds. The subfund invests exclusively in physical gold, usually in the form of standard bars weighing around 12.5 kg with a fineness of 995/1000 or better. The fund management company uses derivatives exclusively to hedge against currency risks. Sustainability risks are not systematically integrated as they are not taken into account as part of the index selection process. The fund's return depends primarily on the performance of the precious metals that serve as the underlying asset. The sub-fund's income is not distributed, but is reinvested. The exchange rate risk of the share class currency is to a large extent hedged against the currency of the fund.
Keep reading the KID section ▾
Intended retail investorThis fund applies to retail investors with a basic financial understanding, who can accept a possible loss on the investment amount. The fund is aimed at growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium term investment needs. The fund is suited to be acquired by the target client segments without any restriction of the distribution channel or platform.

From the KID’s “Objectives” section · 2 September 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

TER 0.23%: below the median of commodity products we track (0.30%).
Average tracking difference over the last 3 years: -0.46% p.a., against a declared TER of 0.23%.

Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jan 2010 to Sept 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+193.2%

Annualised

+6.7%

Volatility (ann.)

16.5%

Max drawdown

-47.29%

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-47.29%

peak → trough

Trough

17 Dec 2015

from the 06 Sept 2011 peak

Recovery time

3,078 days

recovery only: trough to break-even · ≈ 8 years and 5 months

Underwater

4,641 days

decline + recovery: peak to break-even · ≈ 12 years and 8 months · → recovered on 21 May 2024

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
06 Sept 2011	17 Dec 2015	-47.29%	21 May 2024	4,641
29 Jan 2026	16 Jul 2026	-27.14%	ongoing	222
28 Jun 2010	28 Jul 2010	-8.23%	14 Sept 2010	78
20 Oct 2025	28 Oct 2025	-8.11%	12 Dec 2025	53
22 Aug 2011	25 Aug 2011	-7.91%	05 Sept 2011	14

Calendar-year returns

2016

6.8%

2017

8.5%

2018

-4.0%

2019

16.2%

2020

22.1%

2021

-5.6%

2022

-2.1%

2023

11.7%

2024

23.0%

2025

62.6%

2026

-1.2%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	13.8	4.6	-12.0	-0.2	-1.6	-11.7	-0.2	13.1	-3.6				-1.2
2025	7.6	0.6	9.7	5.5	-1.0	0.1	0.1	3.7	11.3	4.6	4.3	4.0	62.6
2024	-1.4	-0.4	8.0	4.0	1.6	-0.9	3.9	3.4	4.5	3.8	-3.2	-1.8	23.0
2023	5.8	-5.4	8.2	-0.1	-1.1	-2.8	2.8	-1.7	-3.9	6.6	1.7	1.9	11.7
2022	-0.7	6.4	1.6	-1.7	-4.0	-1.4	-3.8	-2.4	-2.9	-2.3	6.6	3.1	-2.1
2021	-1.3	-6.6	-3.1	4.4	7.4	-7.4	3.5	-0.7	-4.1	1.4	1.9	-0.0	-5.6
2020	4.4	1.4	-0.4	5.7	1.4	2.2	11.0	-0.5	-3.8	-0.4	-6.5	6.9	22.1
2019	3.1	-0.6	-2.1	-1.3	0.7	8.4	1.0	6.8	-3.1	2.9	-3.6	3.4	16.2
2018	3.9	-2.3	0.2	-1.1	-0.9	-4.4	-2.6	-1.8	-1.5	2.0	-0.1	4.7	-4.0
2017	4.4	3.4	-1.0	1.6	-0.2	-2.1	1.8	3.2	-2.4	-1.2	0.6	0.4	8.5
2016	4.8	10.8	-0.1	3.8	-5.9	8.9	1.5	-2.6	0.8	-4.0	-7.6	-2.1	6.8
2015	5.1	-3.7	-2.4	-0.7	0.8	-1.8	-6.3	3.1	-2.0	2.4	-7.1	-0.4	-12.8
2014	4.1	6.0	-2.6	-0.3	-3.0	5.1	-2.3	0.0	-5.4	-4.4	1.5	1.3	-0.8
2013	-0.0	-4.6	0.6	-8.2	-5.2	-14.7	10.1	6.0	-5.0	-0.3	-5.4	-4.2	-28.6
2012	10.6	1.4	-6.2	-0.8	-5.8	2.4	1.4	1.5	7.6	-3.3	0.3	-3.6	4.2
2011	-6.0	6.3	1.9	6.7	0.0	-2.0	8.2	11.3	-10.7	6.2	1.3	-10.0	11.0
2010		2.6	0.5	5.7	2.4	2.9	-6.0	6.5	4.8	2.9	2.7	1.8	27.7

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.

Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Rejoined series: the issuer’s historical data contains a unit redenomination (28 October 2019), not retroactively adjusted; we rejoined the earlier history to make it comparable. Returns and risk are computed on the rejoined series.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 1 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.46% /anno

Declared TER

0.23%

Year	Fund	Index	Difference
2025	+62.57%	+63.11%	-0.54%
2024	+22.97%	+23.41%	-0.44%
2023	+11.67%	+12.06%	-0.39%
2022	-2.13%	-1.84%	-0.29%
2021	-5.55%	-5.28%	-0.28%
2020	+22.12%	+22.54%	-0.42%
2019	+16.16%	+14.89%	+1.27%
2018	-4.03%	-3.72%	-0.31%
2017	+8.53%	+9.80%	-1.27%
2016	+6.84%	+8.10%	-1.26%

Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	27.53%	20.38%	18.08%	16.10%	16.63%
Max drawdown	-27.14%	-27.14%	-27.14%	-27.14%	-47.29%
Sharpe	0.66	1.20	0.83	0.60	0.42
Sortino	0.91	1.72	1.18	0.85	0.59

Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Stock exchange listings

Exchange	Ticker	Trading since
Börse Hamburg	UFU4	4 Nov 2025
Börse Hannover	UFU4	13 Nov 2025
Tradegate Exchange	UFU4	22 Sept 2025

+ 4 more trading venues (MTFs and professional platforms).

Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does UBS Gold hEUR ETF EUR acc track?

The issuer UBS declares the benchmark: LBMA Gold Price EUR hedged.

How much does UBS Gold hEUR ETF EUR acc cost?

The issuer-declared TER is 0.23% per year; the transaction costs estimated in the KID are 0.08%.

When was UBS Gold hEUR ETF EUR acc launched?

The fund was launched on 25 January 2010: it has 16 years of history.

How does UBS Gold hEUR ETF EUR acc replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).

Does UBS Gold hEUR ETF EUR acc pay dividends?

Issuer-declared income policy: “No”.

Where does UBS Gold hEUR ETF EUR acc trade?

Per the official ESMA register it trades on 3 main exchanges, including Börse Hamburg (UFU4), Börse Hannover (UFU4), Tradegate Exchange (UFU4).

What was UBS Gold hEUR ETF EUR acc's worst fall?

Over the available history (since 2010), the maximum drawdown was -47.29%, reached in December 2015. Past performance is not indicative of future results.

What is UBS Gold hEUR ETF EUR acc's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.46% per year versus its index (from issuer-declared series).

Transparency note

The data in this sheet is declared by UBS in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.