ETF · UBS
0Y48 UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF
ISIN IE00BD34DB16London Stock Exchange: 0Y48UBS Group AG
Latest close
LSECHF 6.56
on
- Ongoing charge
- 0.06% a year
- Fund size
- £649m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0Y48 (UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF, ISIN IE00BD34DB16) closed at CHF 6.56 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the five years to 13/11/2026 its total return was +56.1%, or +21.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.3%
- −2.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +55.4%
- +40.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +56.1%
- +21.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,561 on 13/11/2026 — about £1,218 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 UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF in pounds (price, with income reinvested in the fund): 2024 +13.1%, 2025 +19.6%; 2026 to 13/11/2026 +1.1%. Returns of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.5%; to 30/09/2025: +19.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +1.1% | −2.1% | |
| to | +19.6% | +15.5% | |
| to | +13.1% | +9.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +6.5% | +2.7% |
| from | +19.6% | +14.9% |
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)
13.4%over 3 years
| 1 year | 12.1% |
|---|---|
| 3 years | 13.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since January 2022
- −16.6%
- From to
- Lowest 12-month return
- +0.2%
- 12 months to
- Highest 12-month return
- +31.6%
- 12 months to
- Below its highest weekly close since January 2022
- 7.6%
- High of , latest
In words: Volatility of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF in pounds, annualised from weekly returns to 13/11/2026: 12.1% over 1 year, 13.4% over 3 years. Largest fall in the price of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF since January 2022, in pounds: −16.6% from 01/04/2022 to 20/05/2022. The lowest 12-month return of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF in pounds (price, with income reinvested in the fund) since August 2023 was +0.2% (12 months to 04/04/2025); the highest was +31.6% (12 months to 01/11/2024). On 13/11/2026 the price of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF was 7.6% below its highest weekly close since January 2022 (29/05/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.06%
- a year
- On £10,000
- £6
- a year, roughly
- Over five years
- £30
- of £10,000, before growth
- 31 charge less
- 5 the same
- 218 charge more
Ongoing charge of UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF 0.06% a year. Compared on 14/11/2026, 218 of the 254 other US share funds charge more, 5 the same and 31 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF is an exchange-traded fund (ETF) from UBS, launched in 2016.
It tracks the S&P 500 — about 500 of the largest companies listed in the US.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.06% a year — about £6 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 Swiss francs, not to the pound: it aims to remove most of the effect of exchange-rate moves against Swiss francs, so a holder who counts in pounds still has currency risk.
US shares: American companies, including the S&P 500 and Nasdaq-100 — the largest stock market in the world.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- 0Y48
- ISIN
- IE00BD34DB16
- Provider
- UBS
- Tracks
- S&P 500
- 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
- 0.06% a year · about £6 on £10,000
- Fund size
- £649m
- Launched
- Domicile
- Ireland
- 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
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to Swiss francs
- Price currency
- CHF
- Category
- US shares
Price chart
Over the last year, the closing price went from CHF 6.08 on 14/11/2025 to CHF 6.56 on 13/11/2026 (+7.8%). The lowest close shown was CHF 5.74 on 27/03/2026 and the highest CHF 6.87 on 14/08/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
182 weekly closes, from 28/01/2022 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
Funds tracking the same index
48 funds track S&P 500, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.45% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core S&P 500 UCITS ETFAccumulating · 0.04% a year | 0.04% | +13.0% | Not reported | Not reported |
| Amundi Index Solutions - S&P 500 UCITS ETFAccumulating · 0.15% a year | 0.15% | +11.0% | +64.7% | +75.5% |
| Amundi Index Solutions - S&P 500 UCITS ETF DistDistributing · 0.15% a year | 0.15% | +11.4% | +61.3% | Not reported |
| BNP PARIBAS EASY - S&P 500 IIAccumulating · 0.08% a year | 0.08% | +13.9% | Not reported | Not reported |
| BNP Paribas Easy S&P 500 UCITS ETF Act. EUR HDGAccumulating · Currency hedged · 0.14% a year | 0.14% | +3.8% | +59.2% | +49.7% |
| BNP Paribas Easy S&P 500 UCITS ETF Class C USDAccumulating · 0.14% a year | 0.14% | +11.6% | +63.8% | +74.9% |
| BNP Paribas Easy S&P 500 UCITS ETF Class H USDCurrency hedged · 0.14% a year | 0.14% | +11.6% | +63.8% | +74.9% |
| S&P 500 II -UCITS ETF- DistributionDistributing · 0.08% a year | 0.08% | +11.7% | Not reported | Not reported |
| Global X S&P 500Covered Call UCITS ETF USDDistributing · 0.45% a year | 0.45% | +13.0% | +13.4% | Not reported |
| HSBC S&P 500 UCITS ETF Accum USDAccumulating · 0.09% a year | 0.09% | +11.2% | Not reported | Not reported |
| HSBC S&P 500 UCITS ETF USDDistributing · 0.09% a year | 0.09% | +11.2% | +64.7% | +75.1% |
| Invesco S&P 500 UCITS ETFAccumulating · 0.05% a year | 0.05% | +11.4% | +65.5% | +76.9% |
| Invesco S&P 500 UCITS ETF DistDistributing · 0.05% a year | 0.05% | +12.0% | +65.6% | +78.0% |
| Invesco S&P 500 UCITS ETF EUR Hedged AccAccumulating · Currency hedged · 0.05% a year | 0.05% | +4.1% | +60.4% | +50.8% |
| Invesco S&P 500 UCITS ETF Hedged GBPAccumulating · Currency hedged · 0.05% a year | 0.05% | +11.9% | +76.9% | Not reported |
| iShares Core S&P 500 UCITS ETFAccumulating · 0.07% a year | 0.07% | +11.3% | +64.8% | +75.4% |
| iShares Core S&P 500 UCITS ETF GBP Hedged DistDistributing · Currency hedged · 0.10% a year | 0.10% | +11.8% | +75.7% | +65.0% |
| iShares Core S&P 500 UCITS ETF MXN Hedged (Acc)Accumulating · Currency hedged · 0.12% a year | 0.12% | +12.3% | +75.7% | +143.1% |
| iShares Core S&P 500 UCITS ETF USD (Dist)Distributing · 0.07% a year | 0.07% | +11.3% | +64.8% | +75.3% |
| iShares S&P 500 CHF Hedged UCITS ETF (Acc)Accumulating · Currency hedged · 0.20% a year | 0.20% | +1.3% | +55.0% | +55.9% |
| iShares S&P 500 EUR Hedged UCITS ETF (Acc)Accumulating · Currency hedged · 0.20% a year | 0.20% | +4.1% | +60.5% | +50.4% |
| iShares S&P 500 GBP Hedged UCITS ETF (Acc)Accumulating · Currency hedged · 0.20% a year | 0.20% | +11.5% | +75.3% | +64.3% |
| iShares S&P 500 Swap UCITS ETF AccumUSDAccumulating · 0.05% a year | 0.05% | +11.4% | +65.6% | Not reported |
| iShares S&P 500 Swap UCITS ETF GBP Hedged (Dist)Distributing · Currency hedged · 0.05% a year | 0.05% | +11.9% | Not reported | Not reported |
| iShares S&P 500 Swap UCITS ETF USDDistributing · 0.05% a year | 0.05% | +11.4% | Not reported | Not reported |
| Amundi Core S&P 500 Swap C-EURAccumulating · 0.05% a year | 0.05% | Not reported | Not reported | Not reported |
| Amundi Core S&P 500 Swap D USDDistributing · 0.05% a year | 0.05% | +11.4% | +65.5% | +76.7% |
| Amundi Core S&P 500 Swap Daily Hedged D EURDistributing · Currency hedged · 0.07% a year | 0.07% | +4.2% | +61.1% | +51.7% |
| Amundi Core S&P 500 Swap Daily Hedged to CHF DDistributing · Currency hedged · 0.07% a year | 0.07% | +1.5% | +56.2% | +58.0% |
| Amundi Core S&P 500 Swap Daily Hedged to GBP DDistributing · Currency hedged · 0.05% a year | 0.05% | +12.0% | +77.1% | +67.3% |
| State Street SPDR S&P 500 UCITS ETFAccumulating · 0.03% a year | 0.03% | +11.0% | Not reported | Not reported |
| State Street SPDR S&P 500 UCITS ETF USDDistributing · 0.03% a year | 0.03% | +11.0% | +64.5% | +74.8% |
| UBS S&P 500 SF UCITS ETFAccumulating · 0.19% a year | 0.19% | +8.7% | +59.9% | +68.0% |
| UBS Core S&P 500 UCITS ETF -A- Hedged GBPDistributing · Currency hedged · 0.06% a year | 0.06% | +12.0% | +77.5% | +66.4% |
| UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHFThis fundAccumulating · Currency hedged · 0.06% a year | 0.06% | +1.3% | +55.4% | +56.1% |
| UBS Core S&P 500 UCITS ETF Accum -A- Hedged EURAccumulating · Currency hedged · 0.06% a year | 0.06% | +4.2% | +61.0% | +50.8% |
| UBS Core S&P 500 UCITS ETF AccumUSDAccumulating | Not reported | +13.9% | Not reported | Not reported |
| UBS Core S&P 500 UCITS ETF Class -A- USDDistributing · 0.03% a year | 0.03% | +11.3% | +64.8% | +75.2% |
| Vanguard S&P 500 UCITS ETFDistributing · 0.07% a year | 0.07% | +11.3% | +64.7% | +75.3% |
| Vanguard S&P 500 UCITS ETF AccAccumulating · 0.07% a year | 0.07% | +11.3% | +64.7% | +75.3% |
| Xtrackers S&P 500 Swap II UCITS ETF -1D- USDDistributing · 0.04% a year | 0.04% | +13.7% | Not reported | Not reported |
| Xtrackers S&P 500 Swap UCITS ETFAccumulating · 0.20% a year | 0.20% | +11.7% | +75.8% | Not reported |
| Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1CAccumulating · 0.15% a year | 0.15% | +11.3% | +65.1% | +76.2% |
| Xtrackers S&P 500 Swap UCITS ETF DistDistributing · 0.07% a year | 0.07% | +11.4% | Not reported | Not reported |
| Xtrackers S&P 500 UCITS ETFAccumulating | Not reported | +11.3% | Not reported | Not reported |
| Xtrackers S&P 500 UCITS ETF -4D- USDDistributing · 0.19% a year | 0.19% | +8.7% | Not reported | Not reported |
| Xtrackers S&P 500 UCITS ETFAccumulating · Currency hedged · 0.15% a year | 0.15% | +11.8% | +75.8% | +64.6% |
| Xtrackers S&P 500 UCITS ETF EUR HedgedAccumulating · Currency hedged · 0.15% a year | 0.15% | +4.1% | +60.1% | +49.5% |
As of
S&P 500 funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- UBS S&P 500 SF UCITS ETFAccumulating · 0.19% a year · IE00B4JY5R22
- UBS Core S&P 500 UCITS ETF -A- Hedged GBPDistributing · Currency hedged · 0.06% a year · IE00BD34DL14
- UBS Core S&P 500 UCITS ETF Accum -A- Hedged EURAccumulating · Currency hedged · 0.06% a year · IE00BD34DK07
- UBS Core S&P 500 UCITS ETF AccumUSDAccumulating · IE00BD4TXW66
- UBS Core S&P 500 UCITS ETF Class -A- USDDistributing · 0.03% a year · IE00B7K93397
Read more:Share classesAccumulating or incomeCurrency hedging
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 103 rolling 12-month returns since August 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since January 2022, 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
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Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 13/11/2026 (139 weeks).
Pro
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Questions people ask
What is the ongoing charge of 0Y48?
The ongoing charge of 0Y48 is 0.06% a year — about £6 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 Core S&P 500 UCITS ETF Accum -A- Hedged CHF 0.06% a year. Compared on 14/11/2026, 218 of the 254 other US share funds charge more, 5 the same and 31 less (share classes counted once).
What does 0Y48 track?
0Y48 tracks the S&P 500 — about 500 of the largest companies listed in the US.
Is 0Y48 accumulating or distributing?
0Y48 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 0Y48?
The ISIN of 0Y48 is IE00BD34DB16. An ISIN identifies one exact share class of a fund; 0Y48 is its ticker on the London Stock Exchange.
What were 0Y48’s returns in each of the last five years?
Calendar-year returns of 0Y48 in pounds (price, with income reinvested in the fund): 2024 +13.1%, 2025 +19.6%; 2026 to 13/11/2026 +1.1%. Past performance is not a guide to future returns.
How has 0Y48 done after inflation?
Over the five years to 13/11/2026 0Y48’s total return was +56.1%, or +21.8% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CSP1iShares Core S&P 500 UCITS ETF0.07% a year · £116bn
- VUSAVanguard S&P 500 UCITS ETF0.07% a year · £40bn
- SPXPInvesco S&P 500 UCITS ETF0.05% a year · £31bn
- VUAGVanguard S&P 500 UCITS ETF Acc0.07% a year · £29bn
- CNX1iShares NASDAQ 100 UCITS ETF USD0.30% a year · £21bn
- IUSAiShares Core S&P 500 UCITS ETF USD (Dist)0.07% a year · £17bn
- SPX5State Street SPDR S&P 500 UCITS ETF USD0.03% a year · £16bn
- SPXLState Street SPDR S&P 500 UCITS ETF0.03% a year · £15bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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