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ETF sheet · Issuer-declared data

iShares Physical Gold EUR Hedged ETCIndex, costs, backtest, listings and taxation

ISIN: IE0009JOT9U1Ticker: IGLDIssuer: iSharesCurrency hedging: EUR-hedged share class

Issuer-declared data

Underlying

ICE LBMA Gold EUR Hedged Index (EUR)

TER

0.25%

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

SFDR

Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

699.4 mln EUR

NAV

79.13 EUR (31 August 2026)

Domicile

Ireland

Inception date

5 July 2022

Data as declared by iShares 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

iShares Physical Gold EUR Hedged ETC tracks the issuer-declared underlying: ICE LBMA Gold EUR Hedged Index (EUR). Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.25%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 699 million euro, was launched on 5 July 2022 and is domiciled in Ireland.

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

The ETC securities aim to provide investment exposure to physical gold and are valued based on the London Bullion Market Association (LBMA) gold price. The Company holds physical gold. Each ETC security has a metal entitlement (“Metal Entitlement”, which is the amount of physical gold backing the ETC security) and its daily value is calculated based on its daily Metal Entitlement. The daily Metal Entitlement can be found on www.ishares.com. The Series also aims to reduce the impact of exchange rate fluctuations between the Series currency (EUR) and the currency in which the underlying metal of gold is typically quoted (USD) using a currency hedging overlay. The ETC securities are listed and traded on the London Stock Exchange. In normal circumstances, only authorised participants may buy and sell the ETC securities directly with the Company. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the ETC securities on the secondary market (e.g. via a broker on the London Stock Exchange) at the then prevailing market price. The prevailing market price at which the ETC securities trade on the secondary market may deviate from the daily value of the ETC securities and may not accurately reflect the price of the precious metal underlying the ETC securities. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below under “How long should I hold it and can I take money out early?” The gold price fluctuates daily and the value of gold is driven by various factors including its rarity, use in industrial processes and its use as an investment commodity. Pricing of precious metals can be impacted by fundamental issues of supply and demand, political and economic situations (especially in precious metal producing countries) and natural disasters. These factors may all affect the value of your investment. Your ETC securities are denominated in Euro, the ETC’s base currency (the “ETC Currency”).
Keep reading the KID section ▾
Intended retail investor:The ETC is intended for retail investors with the ability to bear losses up to the amount invested in the ETC. The ETC securities are appropriate for medium to long term investment, though the ETC securities may also be suitable for shorter term exposure (see further below “How long should I hold it and can I take money out early?”).
Insurance benefits:The ETC does not offer any insurance benefits.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓

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

Quick reads

TER 0.25%: below the median of commodity products we track (0.30%).
Average tracking difference over the last 3 years: +0.18% p.a., against a declared TER of 0.25%.

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 FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

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 Jul 2022 to Sept 2026

Adjusted for inflationCompare with the underlying

Compare with another ETF

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

Return

+120.7%

Annualised

+20.9%

Volatility (ann.)

18.6%

Max drawdown

-27.10%

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

-27.10%

peak → trough

Trough

16 Jul 2026

from the 29 Jan 2026 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

216 days

decline + recovery: peak to break-even · ≈ 7 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
29 Jan 2026	16 Jul 2026	-27.10%	ongoing	216
13 Apr 2023	04 Oct 2023	-12.23%	04 Mar 2024	326
11 Aug 2022	03 Nov 2022	-10.18%	13 Dec 2022	124
20 Oct 2025	28 Oct 2025	-8.12%	12 Dec 2025	53
30 Oct 2024	14 Nov 2024	-7.73%	31 Jan 2025	93

Calendar-year returns

2022

0.3%

2023

10.9%

2024

24.1%

2025

60.2%

2026

-0.2%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	15.3	4.5	-11.9	-0.2	-1.6	-11.7	-0.2	13.1	-4.0				-0.2
2025	7.6	0.6	9.7	5.5	-1.0	0.1	0.1	3.7	11.3	4.6	4.3	2.5	60.2
2024	-0.6	-0.4	7.9	4.1	1.6	-0.9	3.9	3.4	4.5	3.8	-3.2	-1.7	24.1
2023	5.9	-5.4	8.2	-0.1	-1.1	-2.8	2.8	-1.6	-3.9	6.6	1.7	1.1	10.9
2022								-2.4	-2.9	-2.3	6.6	3.0	0.3

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: iShares. 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 underlying

How much the product returned above (+) or below (−) the price of its underlying, 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 2 of the last 3 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

+0.18% /anno

Declared TER

0.25%

Year	Fund	Underlying	Difference
2025	+62.45%	+63.05%	-0.60%
2024	+24.10%	+23.41%	+0.69%
2023	+10.89%	+10.45%	+0.44%

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.)	27.42%	20.12%	18.48%
Max drawdown	-27.10%	-27.10%	-27.10%
Sharpe	0.78	1.16	0.96
Sortino	1.07	1.65	1.36

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 29 Jan 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: 2.20%), 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, the fund's currency; the table follows the currency selected in the chart.

Index tracked

ICE LBMA Gold EUR Hedged Index (EUR)

This fund belongs to the gold (ETCs and miners) family: compare all census ETFs in this family →

Stock exchange listings

Exchange	Ticker	Trading since
Börse Düsseldorf	IGLD	7 Feb 2024
Börse Frankfurt	IGLD	7 Jul 2022
Börse Hamburg	IGLD	31 Oct 2022
Börse Hannover	IGLD	9 Dec 2024
Börse München / gettex	IGLD	7 Jul 2022
Börse Stuttgart	IGLD	27 Jul 2022
Tradegate Exchange	IGLD	16 Oct 2023
Xetra (Deutsche Börse)	IGLD	7 Jul 2022

+ 11 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

What is the underlying of iShares Physical Gold EUR Hedged ETC?

The issuer iShares declares the underlying: ICE LBMA Gold EUR Hedged Index (EUR).

How much does IGLD cost?

The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.00%.

What is the fund size of IGLD?

The fund size declared by iShares is about 699 million euro.

When was IGLD launched?

The fund was launched on 5 July 2022: it has 4 years of history.

Does IGLD pay dividends?

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

Where does IGLD trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (IGLD), Börse Frankfurt (IGLD), Börse Hamburg (IGLD), Börse Hannover (IGLD), Börse München / gettex (IGLD), Börse Stuttgart (IGLD).

What was IGLD's worst fall?

Over the available history (since 2022), the maximum drawdown was -27.10%, reached in July 2026. Past performance is not indicative of future results.

What is IGLD's tracking difference?

Over the last 3 complete calendar years the fund returned on average +0.18% per year versus its index (from issuer-declared series).

Transparency note

The data in this sheet is declared by iShares 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.