Investment trust
BHMU BH Macro Ltd USD
ISIN GG00BQBFY479London Stock Exchange: BHMU
- Investment trusts
- Investment trust
- ISA
- SIPP
Latest close
LSE$4.20
on
As of , at least 15 min delayed
At a glance
As of 13/11/2026, BHMU (BH Macro Ltd USD, ISIN GG00BQBFY479) closed at $4.20 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +12.5% (income paid out is not included), or −12.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +0.2%
- −3.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- 0.0%
- −9.7% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +12.5%
- −12.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,125 on 13/11/2026 — about £878 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: worked out from recorded daily closes. 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 BH Macro Ltd USD in pounds (price only, income paid out not included): 2022 +26.3%, 2023 −21.1%, 2024 +13.3%, 2025 −6.1%; 2026 to 13/11/2026 +0.7%. Returns of BH Macro Ltd USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +7.3%; to 30/09/2025: +2.1%; to 30/09/2024: −3.0%; to 30/09/2023: −31.2%; to 30/09/2022: +61.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.7% | −2.5% | |
| to | −6.1% | −9.4% | |
| to | +13.3% | +9.5% | |
| −21.1% | −24.3% | ||
| +26.3% | +15.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +7.3% | +3.5% |
| from | +2.1% | −1.9% |
| from | −3.0% | −5.5% |
| from | −31.2% | −35.3% |
| from | +61.0% | +48.0% |
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)
20.2%over 5 years
| 1 year | 13.9% |
|---|---|
| 3 years | 15.5% |
| 5 years | 20.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −43.9%
- From to
- Lowest 12-month return
- −37.0%
- 12 months to
- Highest 12-month return
- +79.3%
- 12 months to
- Below its highest weekly close since November 2021
- 34.4%
- High of , latest
In words: Volatility of BH Macro Ltd USD in pounds, annualised from weekly returns to 13/11/2026: 13.9% over 1 year, 15.5% over 3 years, 20.2% over 5 years. Largest fall in the price of BH Macro Ltd USD since November 2021, in pounds: −43.9% from 23/09/2022 to 05/04/2024. The lowest 12-month return of BH Macro Ltd USD in pounds (price only, income paid out not included) since January 2021 was −37.0% (12 months to 22/09/2023); the highest was +79.3% (12 months to 23/09/2022). On 13/11/2026 the price of BH Macro Ltd USD was 34.4% below its highest weekly close since November 2021 (23/09/2022), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
BH Macro Ltd USD is an investment trust.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Investment trusts: Companies on the stock exchange that invest in other assets. Their share price can be above or below the value of what they own.
Key facts
- Ticker
- BHMU
- ISIN
- GG00BQBFY479
- Structure
- Investment trust
- A company listed on the stock exchange that invests in other assets; its price can differ from the value of what it holds.
- Domicile
- Guernsey
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Investment trusts
Price chart
Over the last year, the closing price went from $4.18 on 14/11/2025 to $4.20 on 13/11/2026 (+0.5%). The lowest close shown was $4.10 on 21/11/2025 and the highest $4.57 on 06/03/2026.
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. Price only — income paid out is not included.
As of , at least 15 min delayed
Five years of prices, and after inflation
260 weekly closes, from 12/11/2021 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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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
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 iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (150 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 ISIN of BHMU?
The ISIN of BHMU is GG00BQBFY479. An ISIN identifies one exact share class of a fund; BHMU is its ticker on the London Stock Exchange.
What were BHMU’s returns in each of the last five years?
Calendar-year returns of BHMU in pounds (price only, income paid out not included): 2022 +26.3%, 2023 −21.1%, 2024 +13.3%, 2025 −6.1%; 2026 to 13/11/2026 +0.7%. Past performance is not a guide to future returns.
How has BHMU done after inflation?
Over the five years to 13/11/2026 BHMU’s price changed by +12.5% (income paid out is not included), or −12.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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