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ETF sheet · Issuer-declared data

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

ISIN: CH0106027193Issuer: UBS

Issuer-declared data

Declared index

LBMA Gold Price

TER

0.23%

Transaction costs

0.00% (issuer estimate, from the KID)

Replication

Physical

Income policy

Accumulating

SFDR

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

NAV

145.72 USD

Domicile

Switzerland

Inception date

6 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 historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →

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Description

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. 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 · 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: -0.31% 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) · USD · 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

+285.3%

Annualised

+8.4%

Volatility (ann.)

16.5%

Max drawdown

-45.19%

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	217
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

2.1%

Month-by-month returns

	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	-2.1				2.1
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 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 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 TD (last 3 years)

-0.31% /anno

Declared TER

0.23%

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

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.)	25.57%	19.55%	17.88%	15.71%	16.60%
Max drawdown	-23.40%	-23.40%	-23.40%	-23.40%	-37.38%
Sharpe	0.95	1.25	0.99	0.76	0.60
Sortino	1.32	1.80	1.42	1.09	0.86

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: 2.20%), 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.

ETFs declaring the same index

Fund	TER	Income	Fund size
iShares Physical Gold ETC compare ⇄ SGLN · iShares	0.12%	Dist.	35.2 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 by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

Exchange	Ticker	Trading since
Börse Hamburg	UFU3	4 Nov 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 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; 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?

Issuer-declared income policy: “No”.

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 last 3 complete calendar years the fund returned on average -0.31% 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.