ETF · WisdomTree
GBSP Wisdomtree Physical Gold - GBP Daily Hedged
ISIN JE00B7VG2M16London Stock Exchange: GBSPWisdomTree, Inc.
- Gold & commodities
- ETF
- ISA
- SIPP
- Currency hedged
Latest close
LSE£21.15
on
- Ongoing charge
- 0.12% a year
- Fund size
- £1.6bn
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 01/10/2026, GBSP (Wisdomtree Physical Gold - GBP Daily Hedged, ISIN JE00B7VG2M16) closed at £21.15 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 01/10/2026 its total return was +125.1%, or +75.9% after UK CPIH inflation.
Past returns
- 1 year to 01/10/2026
- +7.9%
- +4.5% after inflation (UK CPIH)
- 3 years to 01/10/2026
- +120.3%
- +98.8% after inflation (UK CPIH)
- 5 years to 01/10/2026
- +125.1%
- +75.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £2,251 on 01/10/2026 — about £1,759 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Wisdomtree Physical Gold - GBP Daily Hedged in pounds (price only; the fund pays no income): 2022 −1.7%, 2023 +11.7%, 2024 +25.4%, 2025 +69.7%; 2026 to 01/10/2026 −8.1%. Returns of Wisdomtree Physical Gold - GBP Daily Hedged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +8.8%; to 30/09/2025: +41.2%; to 30/09/2024: +41.1%; to 30/09/2023: +8.7%; to 30/09/2022: −5.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −8.1% | −10.7% | |
| +69.7% | +63.8% | ||
| +25.4% | +21.1% | ||
| +11.7% | +7.3% | ||
| −1.7% | −10.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.8% | Not available |
| from | +41.2% | +35.7% |
| from | +41.1% | +37.5% |
| from | +8.7% | +2.2% |
| from | −5.6% | −13.3% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.3%over 5 years
| 1 year | 23.1% |
|---|---|
| 3 years | 18.2% |
| 5 years | 16.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −23.7%
- From to
- Lowest 12-month return
- −9.9%
- 12 months to
- Highest 12-month return
- +81.1%
- 12 months to
- Below its highest weekly close since October 2021
- 20.8%
- High of , latest
In words: Volatility of Wisdomtree Physical Gold - GBP Daily Hedged in pounds, annualised from weekly returns to 01/10/2026: 23.1% over 1 year, 18.2% over 3 years, 16.3% over 5 years. Largest fall in the price of Wisdomtree Physical Gold - GBP Daily Hedged since October 2021, in pounds: −23.7% from 27/02/2026 to 17/07/2026. The lowest 12-month return of Wisdomtree Physical Gold - GBP Daily Hedged in pounds (price only; the fund pays no income) since January 2021 was −9.9% (12 months to 21/10/2022); the highest was +81.1% (12 months to 27/02/2026). On 01/10/2026 the price of Wisdomtree Physical Gold - GBP Daily Hedged was 20.8% below its highest weekly close since October 2021 (27/02/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only; the fund pays no income
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.12%
- a year
- On £10,000
- £12
- a year, roughly
- Over five years
- £60
- of £10,000, before growth
- 1 charge less
- 5 the same
- 131 charge more
Ongoing charge of Wisdomtree Physical Gold - GBP Daily Hedged 0.12% a year, as of 02/10/2026: 131 of the 137 other gold and commodity funds charge more, 5 the same and 1 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Wisdomtree Physical Gold - GBP Daily Hedged is an exchange-traded fund (ETF) from WisdomTree, launched in 2013.
It tracks the MS Long Gold British Pound Hedged Index - GBP — 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 0.12% a year — about £12 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.
Key facts
- Ticker
- GBSP
- ISIN
- JE00B7VG2M16
- Provider
- WisdomTree
- Tracks
- MS Long Gold British Pound Hedged Index - GBP
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Ongoing charge
- 0.12% a year · about £12 on £10,000
- Fund size
- £1.6bn
- Launched
- Domicile
- United Kingdom
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Gold & commodities
Price chart
Since 31/07/2026, the closing price went from £20.54 on 31/07/2026 to £21.15 on 01/10/2026 (+3.0%). The lowest close shown was £20.54 on 31/07/2026 and the highest £23.43 on 21/08/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 01/10/2026. The same history in October 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
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 248 rolling 12-month returns since January 2021, and of 144 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 October 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 Invesco Physical Gold ETC, over the three years to 01/10/2026 (156 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 GBSP?
The ongoing charge of GBSP is 0.12% a year — about £12 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 Wisdomtree Physical Gold - GBP Daily Hedged 0.12% a year, as of 02/10/2026: 131 of the 137 other gold and commodity funds charge more, 5 the same and 1 less (share classes counted once).
What does GBSP track?
GBSP tracks the MS Long Gold British Pound Hedged Index - GBP — the price of gold.
What is the ISIN of GBSP?
The ISIN of GBSP is JE00B7VG2M16. An ISIN identifies one exact share class of a fund; GBSP is its ticker on the London Stock Exchange.
What were GBSP’s returns in each of the last five years?
Calendar-year returns of GBSP in pounds (price only; the fund pays no income): 2022 −1.7%, 2023 +11.7%, 2024 +25.4%, 2025 +69.7%; 2026 to 01/10/2026 −8.1%. Past performance is not a guide to future returns.
How has GBSP done after inflation?
Over the five years to 01/10/2026 GBSP’s total return was +125.1%, or +75.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SGLNiShares Physical Gold ETC0.12% a year · £22bn
- SGLPInvesco Physical Gold ETC0.12% a year · £17bn
- OGLDBorse Commodities GmbH Xetra-Gold0.36% a year · £13bn
- GLDAAmundi Physical Gold ETC0.12% a year · £7.4bn
- 0VR3Swisscanto (CH) Gold ETF EA CHF0.40% a year · £4.4bn
- PHGPWisdomTree Physical Gold0.39% a year · £4.0bn
- XGDPXtrackers IE Physical Gold ETC0.11% a year · £3.7bn
- 0MKNUBS ETF (CH) - UBS Gold ETF Units -USD acc-0.23% a year · £3.4bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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