# iShares Gold EUR Hedged ETF (CH) (0VQL) **Page:** https://fundology.uk/fund/0vql · ISIN CH0104136319 ## 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, 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. ## Summary 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. Latest close: **€196.84** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0VQL | | ISIN | CH0104136319 | | Category | Gold & commodities | | Type | ETF | | Provider | iShares | | Tracks | LBMA Gold Price PM Hedged to EUR - EUR | | Income | Accumulating | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Fund size | £150m | | Launched | 2009 | | Domicile | Switzerland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/06/2010 | ## 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 | -10.05% | -13.24% | income reinvested | | 3 years | +84.93% | +67.08% | income reinvested | | 5 years | +85.61% | +44.88% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2024 | +18.0% | +14.0% | Price | | 2025 | +70.1% | +64.3% | Price | | 2026 to 13/11/2026 | -13.3% | -16.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 24.41% | -27.91% | | 3 years | 19.42% | -27.91% | ## Largest fall 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). ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** per year - 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 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. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.