ETF · iShares
0MKK iShares ETF II (CH) - iShares Gold (CHF) Hedged
ISIN CH0104136285London Stock Exchange: 0MKKBlackRock, Inc.
- Gold & commodities
- ETF
- ISA
- SIPP
- Accumulating
- Currency hedged
Latest close
LSECHF 258.35
on
- Ongoing charge
- 0.22% a year
- Fund size
- £406m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, 0MKK (iShares ETF II (CH) - iShares Gold (CHF) Hedged, ISIN CH0104136285) closed at CHF 258.35 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 30/09/2026 its total return was +118.0%, or +70.4% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- 0.0%
- −3.1% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +93.2%
- +74.3% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +118.0%
- +70.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £2,180 on 30/09/2026 — about £1,704 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund): 2023 +9.1%, 2024 +18.4%, 2025 +72.2%; 2026 to 30/09/2026 −13.5%. Returns of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.5%; to 30/09/2025: +42.7%; to 30/09/2024: +32.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −13.5% | −16.0% | |
| +72.2% | +66.3% | ||
| +18.4% | +14.4% | ||
| +9.1% | +4.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +1.5% | Not available |
| from | +42.7% | +37.2% |
| from | +32.4% | +29.0% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
19.7%over 5 years
| 1 year | 24.2% |
|---|---|
| 3 years | 20.1% |
| 5 years | 19.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −28.8%
- From to
- Lowest 12-month return
- −0.7%
- 12 months to
- Highest 12-month return
- +92.0%
- 12 months to
- Below its highest weekly close since October 2021
- 27.4%
- High of , latest
In words: Volatility of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds, annualised from weekly returns to 30/09/2026: 24.2% over 1 year, 20.1% over 3 years, 19.7% over 5 years. Largest fall in the price of iShares ETF II (CH) - iShares Gold (CHF) Hedged since October 2021, in pounds: −28.8% from 27/02/2026 to 17/07/2026. The lowest 12-month return of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund) since October 2022 was −0.7% (12 months to 30/09/2026); the highest was +92.0% (12 months to 27/02/2026). On 30/09/2026 the price of iShares ETF II (CH) - iShares Gold (CHF) Hedged was 27.4% below its highest weekly close since October 2021 (27/02/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.22%
- a year
- On £10,000
- £22
- a year, roughly
- Over five years
- £110
- of £10,000, before growth
- 25 charge less
- 1 the same
- 111 charge more
Ongoing charge of iShares ETF II (CH) - iShares Gold (CHF) Hedged 0.22% a year, as of 01/10/2026: 111 of the 137 other gold and commodity funds charge more, 1 the same and 25 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares ETF II (CH) - iShares Gold (CHF) Hedged is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the London Gold Price PM (AM) (Hedged into CHF) Index — the price of gold.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.22% a year — about £22 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.
Terms:ETFIndex fundAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- 0MKK
- ISIN
- CH0104136285
- Provider
- iShares
- Tracks
- London Gold Price PM (AM) (Hedged into CHF) Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.22% a year · about £22 on £10,000
- Fund size
- £406m
- Launched
- Domicile
- Switzerland
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- CHF
- Category
- Gold & commodities
Price chart
Since 30/07/2026, the closing price went from CHF 254.85 on 30/07/2026 to CHF 258.35 on 30/09/2026 (+1.4%). The lowest close shown was CHF 254.85 on 30/07/2026 and the highest CHF 282.35 on 28/08/2026.
Chart: closing prices we have recorded since 30/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
9 weekly closes, from 30/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 127 rolling 12-month returns since October 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against Invesco Physical Gold ETC, over the three years to 30/09/2026 (142 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of 0MKK?
The ongoing charge of 0MKK is 0.22% a year — about £22 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares ETF II (CH) - iShares Gold (CHF) Hedged 0.22% a year, as of 01/10/2026: 111 of the 137 other gold and commodity funds charge more, 1 the same and 25 less (share classes counted once).
What does 0MKK track?
0MKK tracks the London Gold Price PM (AM) (Hedged into CHF) Index — the price of gold.
Is 0MKK accumulating or distributing?
0MKK is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of 0MKK?
The ISIN of 0MKK is CH0104136285. An ISIN identifies one exact share class of a fund; 0MKK is its ticker on the London Stock Exchange.
What were 0MKK’s returns in each of the last five years?
Calendar-year returns of 0MKK in pounds (price, with income reinvested in the fund): 2023 +9.1%, 2024 +18.4%, 2025 +72.2%; 2026 to 30/09/2026 −13.5%. Past performance is not a guide to future returns.
How has 0MKK done after inflation?
Over the five years to 30/09/2026 0MKK’s total return was +118.0%, or +70.4% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SGLNiShares Physical Gold ETC0.12% a year · £22bn
- SGLPInvesco Physical Gold ETC0.12% a year · £17bn
- OGLDBorse Commodities GmbH Xetra-Gold0.36% a year · £14bn
- GLDAAmundi Physical Gold ETC0.12% a year · £7.7bn
- 0VR3Swisscanto (CH) Gold ETF EA CHF0.40% a year · £4.4bn
- PHGPWisdomTree Physical Gold0.39% a year · £4.0bn
- XGDPXtrackers IE Physical Gold ETC0.11% a year · £3.8bn
- 0MKNUBS ETF (CH) - UBS Gold ETF Units -USD acc-0.23% a year · £3.4bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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