# Wisdomtree Physical Gold - GBP Daily Hedged (GBSP)

**Source:** https://fundology.uk/fund/gbsp · ISIN JE00B7VG2M16 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 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.

## Summary

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.

Latest close: **£21.15** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GBSP |
| ISIN | JE00B7VG2M16 |
| Category | Gold & commodities |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | MS Long Gold British Pound Hedged Index - GBP |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £1.6bn |
| Launched | 2013 |
| Domicile | United Kingdom |

## Past returns (periods to 01/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +7.91% | +4.52% | income reinvested |
| 3 years | +120.34% | +98.83% | income reinvested |
| 5 years | +125.08% | +75.95% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.7% | -10.0% | Price |
| 2023 | +11.7% | +7.3% | Price |
| 2024 | +25.4% | +21.1% | Price |
| 2025 | +69.7% | +63.8% | Price |
| 2026 to 01/10/2026 | -8.1% | -10.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 23.14% | -23.69% |
| 3 years | 18.25% | -23.69% |
| 5 years | 16.31% | -23.69% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** per year
- ISA eligible: yes
- SIPP eligible: yes

## 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.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.