# UBS MSCI Switzerland hUSD ETF Units USD dis (0VRE) **Page:** https://fundology.uk/fund/0vre · ISIN CH0226274212 ## 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, 0VRE (UBS MSCI Switzerland hUSD ETF Units USD dis, ISIN CH0226274212) closed at $37.40 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 +62.6%, or +26.9% after UK CPIH inflation. ## Summary UBS MSCI Switzerland hUSD ETF Units USD dis is an exchange-traded fund (ETF) from UBS, launched in 2013. It tracks the MSCI Switzerland 100% Hedged to USD Index. 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 paid out to holders as cash, usually a few times a year. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk. Latest close: **$37.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0VRE | | ISIN | CH0226274212 | | Category | European shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI Switzerland 100% Hedged to USD Index | | Income | Distributing | | Ongoing charge | 0.23% a year (£23 per £10,000) | | Fund size | £292m | | Launched | 2013 | | Domicile | Switzerland | ## 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 | +28.85% | +24.29% | income reinvested | | 3 years | +60.80% | +45.28% | income reinvested | | 5 years | +62.61% | +26.93% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS MSCI Switzerland hUSD ETF Units USD dis in pounds (price only, income paid out not included): 2024 +8.8%, 2025 +12.2%; 2026 to 13/11/2026 +21.3%. Returns of UBS MSCI Switzerland hUSD ETF Units USD dis in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +19.3%; to 30/09/2025: +6.0%; to 30/09/2024: +6.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +8.8% | +5.1% | Price | | 2025 | +12.2% | +8.3% | Price | | 2026 to 13/11/2026 | +21.3% | +17.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.78% | -9.39% | | 3 years | 16.78% | -19.11% | ## Largest fall Volatility of UBS MSCI Switzerland hUSD ETF Units USD dis in pounds, annualised from weekly returns to 13/11/2026: 13.8% over 1 year, 16.8% over 3 years. Largest fall in the price of UBS MSCI Switzerland hUSD ETF Units USD dis since November 2021, in pounds: −19.1% from 28/02/2025 to 11/04/2025. The lowest 12-month return of UBS MSCI Switzerland hUSD ETF Units USD dis in pounds (price only, income paid out not included) since June 2023 was −8.2% (12 months to 11/04/2025); the highest was +27.7% (12 months to 03/07/2026). On 13/11/2026 the price of UBS MSCI Switzerland hUSD ETF Units USD dis was at its highest weekly close since November 2021, in pounds. ## Charges compared with similar funds Ongoing charge of UBS MSCI Switzerland hUSD ETF Units USD dis 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 less (share classes counted once). ## 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 0VRE?** The ongoing charge of 0VRE 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 MSCI Switzerland hUSD ETF Units USD dis 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 less (share classes counted once). **What does 0VRE track?** 0VRE tracks the MSCI Switzerland 100% Hedged to USD Index. **Is 0VRE accumulating or distributing?** 0VRE is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of 0VRE?** The ISIN of 0VRE is CH0226274212. An ISIN identifies one exact share class of a fund; 0VRE is its ticker on the London Stock Exchange. **What were 0VRE’s returns in each of the last five years?** Calendar-year returns of 0VRE in pounds (price only, income paid out not included): 2024 +8.8%, 2025 +12.2%; 2026 to 13/11/2026 +21.3%. Past performance is not a guide to future returns. **How has 0VRE done after inflation?** Over the five years to 13/11/2026 0VRE’s total return was +62.6%, or +26.9% 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.