# UBS ETF (CH) - UBS Gold ETF Units -USD acc- (0MKN)

**Page:** https://fundology.uk/fund/0mkn · ISIN CH0106027193

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, 0MKN (UBS ETF (CH) - UBS Gold ETF Units -USD acc-, ISIN CH0106027193) closed at $123.76 on the London Stock Exchange. Its ongoing charge is 0.23% a year (about £23 on £10,000). Over the five years to 13/11/2026 its total return was +116.0%, or +68.6% after UK CPIH inflation.

## Summary

UBS ETF (CH) - UBS Gold ETF Units -USD acc- is an exchange-traded fund (ETF) from UBS, launched in 2010. It tracks the LBMA Gold Price PM - USD - Benchmark Price Return — 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 0.23% a year — about £23 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.

Latest close: **$123.76** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0MKN |
| ISIN | CH0106027193 |
| Category | Gold & commodities |
| Type | ETF |
| Provider | UBS |
| Tracks | LBMA Gold Price PM - USD - Benchmark Price Return |
| Income | Accumulating |
| Ongoing charge | 0.23% a year (£23 per £10,000) |
| Fund size | £4.3bn |
| Launched | 2010 |
| Domicile | Switzerland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2017 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -3.26% | -6.68% | income reinvested |
| 3 years | +91.07% | +72.63% | income reinvested |
| 5 years | +116.03% | +68.62% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of UBS ETF (CH) - UBS Gold ETF Units -USD acc- in pounds (price, with income reinvested in the fund): 2021 −2.8%, 2022 +11.8%, 2023 +7.8%, 2024 +30.5%, 2025 +53.4%; 2026 to 13/11/2026 −10.8%. Returns of UBS ETF (CH) - UBS Gold ETF Units -USD acc- in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +8.8%; to 30/09/2025: +43.9%; to 30/09/2024: +30.7%; to 30/09/2023: +0.7%; to 30/09/2022: +16.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2021 | -2.8% | -7.3% | Price |
| 2022 | +11.8% | +2.4% | Price |
| 2023 | +7.8% | +3.5% | Price |
| 2024 | +30.5% | +26.1% | Price |
| 2025 | +53.4% | +48.1% | Price |
| 2026 to 13/11/2026 | -10.8% | -13.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 21.16% | -24.82% |
| 3 years | 17.72% | -24.82% |
| 5 years | 16.67% | -24.82% |

## Largest fall

Volatility of UBS ETF (CH) - UBS Gold ETF Units -USD acc- in pounds, annualised from weekly returns to 13/11/2026: 21.2% over 1 year, 17.7% over 3 years, 16.7% over 5 years. Largest fall in the price of UBS ETF (CH) - UBS Gold ETF Units -USD acc- since November 2021, in pounds: −24.8% from 27/02/2026 to 30/10/2026. The lowest 12-month return of UBS ETF (CH) - UBS Gold ETF Units -USD acc- in pounds (price, with income reinvested in the fund) since November 2020 was −5.8% (12 months to 10/12/2021); the highest was +71.8% (12 months to 27/02/2026). On 13/11/2026 the price of UBS ETF (CH) - UBS Gold ETF Units -USD acc- was 24.5% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of UBS ETF (CH) - UBS Gold ETF Units -USD acc- 0.23% a year. Compared on 14/11/2026, 121 of the 149 other gold and commodity funds charge more, 0 the same and 28 less (share classes counted once).

## Funds tracking the same index

20 funds track LBMA Gold Price PM - USD - Benchmark Price Return, this one included and share classes counted once; their ongoing charges range from 0.11% to 0.69% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Physical Gold ETC | 0.12% | -7.3% | +84.9% | +109.2% |
| Gold Bullion Securities | 0.40% | -7.5% | +83.4% | +106.3% |
| Invesco Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| Invesco Physical Gold GBP Hedged ETC | 0.35% | -3.9% | +100.8% | — |
| iShares Gold ETF (CH) Class A | 0.19% | -3.2% | +91.3% | +116.4% |
| iShares Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| iShares Physical Gold GBP Hedged ETC | 0.25% | -3.6% | — | — |
| Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged | 0.27% | -6.4% | +78.5% | +117.0% |
| Royal Mint Responsibly Sourced Physical Gold ETC | 0.25% | -3.8% | +90.8% | — |
| Swisscanto (CH) Gold ETF Anteile -EAH (GBP)- | 0.40% | +1.7% | +104.3% | +111.7% |
| UBS ETF (CH) - UBS Gold ETF Units -USD acc- (this fund) | 0.23% | -3.3% | +91.1% | +116.0% |
| UBS Gold hCHF ETF Units -CHF acc- | 0.36% | -12.8% | +78.1% | +93.5% |
| UBS Gold hEUR ETF Units -EUR acc- | 0.31% | -10.2% | +84.6% | +85.9% |
| Wisdomtree Core Physical Gold | 0.12% | -7.3% | +84.9% | — |
| WisdomTree Physical Gold | 0.39% | -7.5% | +83.4% | +106.4% |
| WisdomTree Physical Swiss Gold | 0.15% | -7.3% | +84.8% | +108.9% |
| Xtrackers IE Physical Gold ETC | 0.11% | -3.7% | +91.6% | — |
| Xtrackers IE Physical Gold GBP Hedged ETC | 0.33% | -3.9% | +100.7% | — |
| Xtrackers Physical Gold ETC 2010-15.6.60 Physical Gold Commodity | 0.25% | -3.3% | +90.9% | +115.8% |
| Xtrackers Physical Gold GBP Hedged ETC | 0.69% | -4.1% | +99.7% | +100.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.23%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: not usually (overseas fund that is not a UK-recognised UCITS). HMRC’s stocks and shares ISA rules cover UK funds and overseas funds recognised by the FCA (UCITS and qualifying retail schemes). Units in other overseas funds, such as Swiss-domiciled ETFs, do not normally qualify, even when they are listed on a recognised stock exchange. Check with your platform.
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of 0MKN?**

The ongoing charge of 0MKN is 0.23% a year — about £23 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 UBS ETF (CH) - UBS Gold ETF Units -USD acc- 0.23% a year. Compared on 14/11/2026, 121 of the 149 other gold and commodity funds charge more, 0 the same and 28 less (share classes counted once).

**What does 0MKN track?**

0MKN tracks the LBMA Gold Price PM - USD - Benchmark Price Return — the price of gold.

**Is 0MKN accumulating or distributing?**

0MKN 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 0MKN?**

The ISIN of 0MKN is CH0106027193. An ISIN identifies one exact share class of a fund; 0MKN is its ticker on the London Stock Exchange.

**What were 0MKN’s returns in each of the last five years?**

Calendar-year returns of 0MKN in pounds (price, with income reinvested in the fund): 2021 −2.8%, 2022 +11.8%, 2023 +7.8%, 2024 +30.5%, 2025 +53.4%; 2026 to 13/11/2026 −10.8%. Past performance is not a guide to future returns.

**How has 0MKN done after inflation?**

Over the five years to 13/11/2026 0MKN’s total return was +116.0%, or +68.6% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.