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Description
UBS Carbon Compensated Gold ETF USD acc tracks the issuer-declared index: Carbon Neutral LBMA Gold USD Index. The declared annual cost (TER) is 0.30%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 2 March 2023 and is domiciled in Switzerland.
The fund’s objective — in the issuer’s words
The sub-fund aims to reflect the long-term performance of gold, once the commission and charges (including the CO2 reduction costs) paid by the sub-fund have been deducted. The sub-fund invests in physical gold, generally in 12.5kg bars with purity of 995/1,000 that are classified as "carbon neutral" in accordance with the PAS 2060 – Carbon Neutrality standard. "Carbon neutral" means that no new greenhouse gases are emitted and the annual CO2 emissions for the entire life cycle of the carbon neutral gold are reduced by at least 1% p.a. To cover the costs of carbon neutrality, the fund management company buys the gold at market value plus CO2 reduction costs of USD 5.25 per ounce. UBS AG serves as the seller of carbon neutral gold. In turn, UBS AG has undertaken to buy up carbon neutral gold at any time at the market value plus USD 1.00 per ounce (CO2 neutrality premium). Investors can purchase fund units on the primary or secondary market. The issue and redemption of fund units by the fund management company or its distributors is referred to as the primary market. The purchase or sale of fund units on the exchange is referred to as the secondary market. The sub-fund's income is not distributed, but reinvested. The fund's return depends primarily on the performance of the precious metals that are its underlyings. 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.
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 Mar 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+137.1%
Annualised
+27.8%
Volatility (ann.)
19.3%
Max drawdown
-26.24%
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.
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.
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.
Declared TER
0.30%
Year
Fund
Index
Difference
2025
+67.02%
+67.38%
-0.36%
2024
+25.15%
+25.53%
-0.38%
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
Full history
Volatility (ann.)
25.75%
19.65%
18.86%
Max drawdown
-23.44%
-23.44%
-23.44%
Sharpe
0.83
1.22
1.11
Sortino
1.15
1.75
1.60
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 2 Mar 2026 → trough 16 Jul 2026): one episode dominates every look-back period. 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
Stock exchange listings
Exchange
Ticker
Trading since
Börse Hannover
UFU8
13 Nov 2025
Tradegate Exchange
UFU8
22 Sept 2025
+ 2 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 Carbon Compensated Gold ETF USD acc track?
The issuer UBS declares the benchmark: Carbon Neutral LBMA Gold USD Index.
How much does UBS Carbon Compensated Gold ETF USD acc cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.
When was UBS Carbon Compensated Gold ETF USD acc launched?
The fund was launched on 2 March 2023: it has 3 years of history.
How does UBS Carbon Compensated Gold ETF USD acc replicate its index?
Does UBS Carbon Compensated Gold ETF USD acc pay dividends?
Issuer-declared income policy: “No”.
Where does UBS Carbon Compensated Gold ETF USD acc trade?
Per the official ESMA register it trades on 2 main exchanges, including Börse Hannover (UFU8), Tradegate Exchange (UFU8).
What was UBS Carbon Compensated Gold ETF USD acc's worst fall?
Over the available history (since 2023), the maximum drawdown was -26.24%, reached in July 2026. Past performance is not indicative of future results.
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.