# WisdomTree Long USD Short GBP (GBUS)

**Source:** https://fundology.uk/fund/gbus · ISIN JE00B3WPFZ34 · 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 30/09/2026, GBUS (WisdomTree Long USD Short GBP, ISIN JE00B3WPFZ34) closed at £57.60 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 30/09/2026 its total return was +15.0%, or −10.1% after UK CPIH inflation.

## Summary

WisdomTree Long USD Short GBP is an exchange-traded fund (ETF) from WisdomTree, launched in 2010. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£57.60** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GBUS |
| ISIN | JE00B3WPFZ34 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | MSFX Long US Dollar/GBP Index - GBP |
| Ongoing charge | 0.39% a year (£39 per £10,000) |
| Fund size | £730k |
| Launched | 2010 |
| Domicile | United Kingdom |

## Past returns (periods to 30/09/2026)

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 | +3.87% | +0.61% | income reinvested |
| 3 years | +1.18% | -8.70% | income reinvested |
| 5 years | +15.00% | -10.10% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Long USD Short GBP in pounds (price only): 2022 +12.2%, 2023 −2.0%, 2024 +5.0%, 2025 −4.2%; 2026 to 30/09/2026 +3.5%. Returns of WisdomTree Long USD Short GBP in pounds (price only) over the 12 months to 30/09/2026: +3.4%; to 30/09/2025: +2.9%; to 30/09/2024: −5.3%; to 30/09/2023: −5.8%; to 30/09/2022: +21.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +12.2% | +2.7% | Price |
| 2023 | -2.0% | -5.9% | Price |
| 2024 | +5.0% | +1.5% | Price |
| 2025 | -4.2% | -7.5% | Price |
| 2026 to 30/09/2026 | +3.5% | +0.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.49% | -4.18% |
| 3 years | 6.78% | -9.96% |
| 5 years | 7.81% | -14.67% |

## Largest fall

Volatility of WisdomTree Long USD Short GBP in pounds, annualised from weekly returns to 30/09/2026: 6.5% over 1 year, 6.8% over 3 years, 7.8% over 5 years. Largest fall in the price of WisdomTree Long USD Short GBP since October 2021, in pounds: −14.7% from 23/09/2022 to 14/07/2023. The lowest 12-month return of WisdomTree Long USD Short GBP in pounds (price only) since January 2021 was −8.0% (12 months to 22/09/2023); the highest was +24.2% (12 months to 23/09/2022). On 30/09/2026 the price of WisdomTree Long USD Short GBP was 6.9% below its highest weekly close since October 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Long USD Short GBP 0.39% a year, as of 01/10/2026: 195 of the 280 other leveraged and inverse products charge more, 10 the same and 75 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.39%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.