ETF · iShares
0VQL iShares Gold EUR Hedged ETF (CH)
ISIN CH0104136319London Stock Exchange: 0VQLBlackRock, Inc.
- Gold & commodities
- ETF
- Not usually ISA
- SIPP
- Accumulating
- EUR hedged
Latest close
LSE€196.84
on
- Ongoing charge
- 0.22% a year
- Fund size
- £150m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0VQL (iShares Gold EUR Hedged ETF (CH), ISIN CH0104136319) closed at €196.84 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 13/11/2026 its total return was +85.6%, or +44.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −10.1%
- −13.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +84.9%
- +67.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +85.6%
- +44.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,856 on 13/11/2026 — about £1,449 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK 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 Gold EUR Hedged ETF (CH) in pounds (price, with income reinvested in the fund): 2024 +18.0%, 2025 +70.1%; 2026 to 13/11/2026 −13.3%. Returns of iShares Gold EUR Hedged ETF (CH) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2.0%; to 30/09/2025: +48.4%; to 30/09/2024: +34.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −13.3% | −16.1% | |
| to | +70.1% | +64.3% | |
| to | +18.0% | +14.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +2.0% | −1.6% |
| from | +48.4% | +42.6% |
| from | +34.0% | +30.6% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
19.4%over 3 years
| 1 year | 24.4% |
|---|---|
| 3 years | 19.4% |
Annualised from weekly returns. Higher means bumpier.
- Lowest 12-month return
- −12.3%
- 12 months to
- Highest 12-month return
- +86.1%
- 12 months to
In words: Volatility of iShares Gold EUR Hedged ETF (CH) in pounds, annualised from weekly returns to 13/11/2026: 24.4% over 1 year, 19.4% over 3 years. The lowest 12-month return of iShares Gold EUR Hedged ETF (CH) in pounds (price, with income reinvested in the fund) since May 2023 was −12.3% (12 months to 13/11/2026); the highest was +86.1% (12 months to 27/02/2026).
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
- 26 charge less
- 1 the same
- 122 charge more
Ongoing charge of iShares Gold EUR Hedged ETF (CH) 0.22% a year. Compared on 14/11/2026, 122 of the 149 other gold and commodity funds charge more, 1 the same and 26 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Gold EUR Hedged ETF (CH) is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the LBMA Gold Price PM Hedged to EUR - EUR — 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 to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.
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
- 0VQL
- ISIN
- CH0104136319
- Provider
- iShares
- Tracks
- LBMA Gold Price PM Hedged to EUR - EUR
- 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
- £150m
- Launched
- Domicile
- Switzerland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- SIPP
- Check with your platform: each decides which funds it offers.
- Stocks and shares ISA
- Not usually (overseas non-UCITS fund)
- Overseas fund that is not a UCITS recognised in the UK. Check with your platform; HMRC rules may still allow it in a SIPP.
- Currency hedged
- Yes, to euros
- Price currency
- EUR
- Category
- Gold & commodities
Price chart
Over the last year, the closing price went from €211.90 on 14/11/2025 to €196.84 on 13/11/2026 (−7.1%). The lowest close shown was €194.60 on 30/10/2026 and the highest €256.85 on 27/02/2026.
One close a week. Before 07/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history.
As of , at least 15 min delayed
Five years of prices, and after inflation
179 weekly closes, from 10/12/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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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 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 106 rolling 12-month returns since May 2023, in pounds, with how often they were above zero.
With a free account
Create a free account to see the risk ratios and every rolling return
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 13/11/2026 (137 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 0VQL?
The ongoing charge of 0VQL 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 Gold EUR Hedged ETF (CH) 0.22% a year. Compared on 14/11/2026, 122 of the 149 other gold and commodity funds charge more, 1 the same and 26 less (share classes counted once).
What does 0VQL track?
0VQL tracks the LBMA Gold Price PM Hedged to EUR - EUR — the price of gold.
Is 0VQL accumulating or distributing?
0VQL 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 0VQL?
The ISIN of 0VQL is CH0104136319. An ISIN identifies one exact share class of a fund; 0VQL is its ticker on the London Stock Exchange.
What were 0VQL’s returns in each of the last five years?
Calendar-year returns of 0VQL in pounds (price, with income reinvested in the fund): 2024 +18.0%, 2025 +70.1%; 2026 to 13/11/2026 −13.3%. Past performance is not a guide to future returns.
How has 0VQL done after inflation?
Over the five years to 13/11/2026 0VQL’s total return was +85.6%, or +44.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SGLNiShares Physical Gold ETC0.12% a year · £28bn
- SGLPInvesco Physical Gold ETC0.12% a year · £21bn
- GLDAAmundi Physical Gold ETC0.12% a year · £9.0bn
- 0VR3Swisscanto (CH) Gold ETF EA CHF0.40% a year · £5.6bn
- PHGPWisdomTree Physical Gold0.39% a year · £5.0bn
- XGDPXtrackers IE Physical Gold ETC0.11% a year · £4.8bn
- 0MKNUBS ETF (CH) - UBS Gold ETF Units -USD acc-0.23% a year · £4.3bn
- SGBXWisdomTree Physical Swiss Gold0.15% a year · £3.9bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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