ETF sheet · Issuer-declared data

UBS Gold ETF USD accIndex, costs, backtest, listings and taxation

ISIN: CH0106027193Issuer: UBS

Commodities tracking the LBMA Gold Price index, physical replication, accumulating. Share class in US dollars (USD).

0.23% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

−0.31 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

UBS Gold ETF USD acc

Declared index

LBMA Gold Price

Replication

Physical

Domicile

Switzerland

Share class · this page

ISIN

CH0106027193

Share-class currency

US dollars (USD)

TER

0.23% (period and nature not declared by the source)

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

NAV

132.57 USD

Share-class launch

6 January 2010

Data as declared by UBS in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective

Quick reads

TER 0.23%below the median of commodity products we track (0.30%).≈ computed by Rebalix
Average tracking difference over the last 3 years-0.31% p.a., against a declared TER of 0.23%.≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

UBS Gold ETF USD acc tracks the issuer-declared index: LBMA Gold Price. The declared annual cost (TER) is 0.23%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund was launched on 6 January 2010 and is domiciled in Switzerland. In our registry 1 other ETFs declare the same index.

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

The sub-fund aims to reflect the long-term performance of gold after the commission and charges (including the CO2 reduction costs) paid by the sub-fund have been deducted. The fund's return depends primarily on the performance of the index that it replicates. The sub-fund's income is not distributed, but is reinvested.
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 · KID acquired on 2 September 2026 · original document ↓

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

What has changed in the fund over time

Not yet available: no data archived for this share class.

Open the history →

Italian taxation

Ordinary rate on income and gains: 26%
Share of tax-favoured government bonds: not available in the issuer sources consulted by Rebalix
Effective rate for this fund: cannot be determined by Rebalix with the available data

For individuals resident in Italy, outside business activity. Any tax-favoured component may reduce the effective levy. The intermediary may hold tax information not published on the issuer’s website; the absence of the figure on Rebalix does not imply a zero favoured share.

Deep-dive into this fund’s taxation →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Jan 2010 to Oct 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

+261.2%

Annualised

+8.0%

Volatility (ann.)

16.6%

Max drawdown

-45.19%

06 Jan 2010 → 16 Oct 202616 years and 9 months · +261.2%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.

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

-45.19%

peak → trough

Trough

17 Dec 2015

from the 05 Sept 2011 peak

Recovery time

1,684 days

recovery only: trough to break-even · ≈ 4 years and 7 months

Underwater

3,248 days

decline + recovery: peak to break-even · ≈ 8 years and 11 months · → recovered on 27 Jul 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
05 Sept 2011	17 Dec 2015	-45.19%	27 Jul 2020	3,248
29 Jan 2026	16 Jul 2026	-26.19%	ongoing	260
06 Aug 2020	03 Nov 2022	-21.61%	04 Mar 2024	1,306
28 Jun 2010	28 Jul 2010	-8.27%	14 Sept 2010	78
11 Jan 2010	05 Feb 2010	-8.26%	12 Apr 2010	91

Calendar-year returns

2016

9.1%

2017

11.1%

2018

-1.2%

2019

19.8%

2020

24.3%

2021

-4.5%

2022

0.2%

2023

14.3%

2024

25.2%

2025

67.0%

2026

-4.3%

2010: the series starts on 6 January 2010; the return runs from that date to 31 December 2010 (the previous year-end value is not available as a base).

Month-by-month returns

2026Year -4.3%

Jan

14.0

Feb

4.8

Mar

-11.8

Apr

0.0

May

-1.4

Jun

-11.5

Jul

-0.0

Aug

13.3

Sept

-8.5

Oct

0.3

Nov

Dec

2025Year 67.0%

Jan

7.8

Feb

0.8

Mar

9.9

Apr

6.0

May

-0.8

Jun

0.3

Jul

0.3

Aug

3.9

Sept

11.5

Oct

4.8

Nov

4.5

Dec

4.2

2024Year 25.2%

Jan

-1.2

Feb

-0.3

Mar

8.1

Apr

4.2

May

1.8

Jun

-0.8

Jul

4.1

Aug

3.6

Sept

4.6

Oct

3.9

Nov

-3.1

Dec

-1.6

2023Year 14.3%

Jan

6.1

Feb

-5.2

Mar

8.5

Apr

0.1

May

-0.9

Jun

-2.7

Jul

3.0

Aug

-1.5

Sept

-3.7

Oct

6.7

Nov

1.9

Dec

2.1

2022Year 0.2%

Jan

-0.6

Feb

6.4

Mar

1.7

Apr

-1.6

May

-3.8

Jun

-1.2

Jul

-3.5

Aug

-2.2

Sept

-2.6

Oct

-2.0

Nov

7.0

Dec

3.4

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	14.0	4.8	-11.8	0.0	-1.4	-11.5	-0.0	13.3	-8.5	0.3			-4.3
2025	7.8	0.8	9.9	6.0	-0.8	0.3	0.3	3.9	11.5	4.8	4.5	4.2	67.0
2024	-1.2	-0.3	8.1	4.2	1.8	-0.8	4.1	3.6	4.6	3.9	-3.1	-1.6	25.2
2023	6.1	-5.2	8.5	0.1	-0.9	-2.7	3.0	-1.5	-3.7	6.7	1.9	2.1	14.3
2022	-0.6	6.4	1.7	-1.6	-3.8	-1.2	-3.5	-2.2	-2.6	-2.0	7.0	3.4	0.2
2021	-1.3	-6.5	-3.0	4.5	7.5	-7.2	3.5	-0.6	-4.0	1.5	2.0	0.1	-4.5
2020	4.6	1.6	-0.1	5.8	1.5	2.3	11.1	-0.4	-3.6	-0.3	-6.4	7.1	24.3
2019	3.4	-0.3	-1.8	-1.0	1.0	8.7	1.3	7.0	-2.8	3.1	-3.4	3.7	19.8
2018	4.2	-2.0	0.4	-0.8	-0.6	-4.2	-2.4	-1.5	-1.3	2.3	0.2	5.0	-1.2
2017	4.6	3.5	-0.9	1.7	-0.0	-1.9	2.0	3.5	-2.2	-1.0	0.8	0.8	11.1
2016	4.9	11.1	0.1	3.9	-5.7	8.9	1.6	-2.5	1.0	-3.8	-7.4	-1.6	9.1
2015	5.1	-3.7	-2.2	-0.6	0.9	-1.7	-6.2	3.3	-1.9	2.5	-7.1	-0.2	-11.8
2014	4.1	6.0	-2.6	-0.3	-3.0	5.1	-2.3	0.0	-5.4	-4.3	1.6	1.4	-0.4
2013	0.0	-4.6	0.6	-8.1	-5.1	-14.5	10.2	6.1	-4.9	-0.2	-5.4	-4.0	-27.9
2012	10.7	1.5	-6.1	-0.7	-5.7	2.6	1.4	1.6	7.7	-3.2	0.4	-3.6	5.4
2011	-5.9	6.3	2.0	6.7	0.0	-2.0	8.1	11.3	-10.7	6.3	1.4	-9.8	11.3
2010		2.7	0.6	5.7	2.4	3.0	-6.1	6.6	4.9	3.0	2.7	1.9	24.4(from 6 Jan)

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.

Method and sources

Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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 2 unit redenominations (18 December 2013, 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 annual TD, 2023–2025

-0.31 pt /year

Declared TER

0.23%

Year	Fund	Index	Difference (pt)
2025	+67.02%	+67.41%	-0.38 pt
2024	+25.25%	+25.53%	-0.29 pt
2023	+14.33%	+14.59%	-0.26 pt
2022	+0.21%	+0.44%	-0.23 pt
2021	-4.55%	-4.33%	-0.22 pt
2020	+24.33%	+24.61%	-0.29 pt
2019	+19.83%	+18.43%	+1.40 pt
2018	-1.16%	-0.93%	-0.23 pt
2017	+11.12%	+11.38%	-0.26 pt
2016	+9.10%	+9.35%	-0.25 pt

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? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)25.50%

Max drawdown-23.40%

Sharpe0.10

Sortino0.13

Last 3 years

Volatility (ann.)19.64%

Max drawdown-23.40%

Sharpe1.17

Sortino1.66

Last 5 years

Volatility (ann.)17.96%

Max drawdown-23.40%

Sharpe0.95

Sortino1.37

Last 10 years

Volatility (ann.)15.75%

Max drawdown-23.40%

Sharpe0.76

Sortino1.09

Full history

Volatility (ann.)16.60%

Max drawdown-37.38%

Sharpe0.58

Sortino0.83

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	25.50%	19.64%	17.96%	15.75%	16.60%
Max drawdown	-23.40%	-23.40%	-23.40%	-23.40%	-37.38%
Sharpe	0.10	1.17	0.95	0.76	0.58
Sortino	0.13	1.66	1.37	1.09	0.83

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: 2.25%), 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

StructureIn this sectionSame index Exchanges

ETFs declaring the same index

Fund	TER	Income	Fund size
iShares Physical Gold ETC compare ⇄ SGLN · iShares	0.12%	Acc.	34.5 mld EUR

2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Börse Hamburg	UFU3from mapping	ESMA register (FIRDS)	4 Nov 2025
Börse Hannover	UFU3from mapping	ESMA register (FIRDS)	1 Oct 2026

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

+ 3 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

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.

Frequently asked questions

Which index does UBS Gold ETF USD acc track?

The issuer UBS declares the benchmark: LBMA Gold Price.

How much does UBS Gold ETF USD acc cost?

The issuer-declared TER is 0.23% per year (period and nature not declared by the source); the transaction costs estimated in the KID are 0.00%.

When was UBS Gold ETF USD acc launched?

The fund was launched on 6 January 2010: it has 16 years of history.

How does UBS Gold ETF USD acc replicate its index?

Physical (issuer wording: “Physical (Full replicated)”).

Does UBS Gold ETF USD acc pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does UBS Gold ETF USD acc trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 2 exchanges with a ticker available, including Börse Hamburg (UFU3), Börse Hannover (UFU3).

What was UBS Gold ETF USD acc's worst fall?

Over the available history (since 2010), the maximum drawdown was -45.19%, reached in December 2015. Past performance is not indicative of future results.

What is UBS Gold ETF USD acc's tracking difference?

Over the three most recent complete calendar years (2023–2025) the fund returned on average -0.31 percentage points per year versus its index: the annual mean of the differences, 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.

Do you represent the issuer? Report a correction or an update