# Wisdomtree Core Physical Gold (GLDW)

**Page:** https://fundology.uk/fund/gldw · ISIN JE00BN2CJ301

## 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 13/11/2026, GLDW (Wisdomtree Core Physical Gold, ISIN JE00BN2CJ301) closed at £291.68 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its price changed by +110.4% (income paid out is not included), or +64.3% after UK CPIH inflation.

## Summary

Wisdomtree Core Physical Gold is an exchange-traded commodity (ETC) from WisdomTree, launched in 2020. It tracks the LBMA Gold Price PM - USD - Benchmark Price Return — 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.

Latest close: **£291.68** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GLDW |
| ISIN | JE00BN2CJ301 |
| Also listed as | WGLD (London Stock Exchange, US dollars) |
| Category | Gold & commodities |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | LBMA Gold Price PM - USD - Benchmark Price Return |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £1.7bn |
| Launched | 2020 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/12/2020 |

## Past returns (periods to 13/11/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -7.27% | -10.55% | income reinvested |
| 3 years | +84.92% | +67.07% | income reinvested |
| 5 years | +110.43% | +64.25% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Wisdomtree Core Physical Gold in pounds (price only; the fund pays no income): 2022 +11.8%, 2023 +7.3%, 2024 +31.0%, 2025 +50.4%; 2026 to 13/11/2026 −8.4%. Returns of Wisdomtree Core Physical Gold in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +8.4%; to 30/09/2025: +45.5%; to 30/09/2024: +30.1%; to 30/09/2023: +1.1%; to 30/09/2022: +15.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +11.8% | +2.4% | Price |
| 2023 | +7.3% | +3.0% | Price |
| 2024 | +31.0% | +26.5% | Price |
| 2025 | +50.4% | +45.2% | Price |
| 2026 to 13/11/2026 | -8.4% | -11.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 21.27% | -25.22% |
| 3 years | 17.55% | -25.22% |
| 5 years | 15.83% | -25.22% |

## Largest fall

Volatility of Wisdomtree Core Physical Gold in pounds, annualised from weekly returns to 13/11/2026: 21.3% over 1 year, 17.6% over 3 years, 15.8% over 5 years. Largest fall in the price of Wisdomtree Core Physical Gold since November 2021, in pounds: −25.2% from 27/02/2026 to 30/10/2026. The lowest 12-month return of Wisdomtree Core Physical Gold in pounds (price only; the fund pays no income) since March 2021 was −5.7% (12 months to 13/11/2026); the highest was +71.6% (12 months to 27/02/2026). On 13/11/2026 the price of Wisdomtree Core Physical Gold was 24.5% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Wisdomtree Core Physical Gold 0.12% a year. Compared on 14/11/2026, 141 of the 149 other gold and commodity funds charge more, 7 the same and 1 less (share classes counted once).

## Funds tracking the same index

20 funds track LBMA Gold Price PM - USD - Benchmark Price Return, this one included and share classes counted once; their ongoing charges range from 0.11% to 0.69% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Physical Gold ETC | 0.12% | -7.3% | +84.9% | +109.2% |
| Gold Bullion Securities | 0.40% | -7.5% | +83.4% | +106.3% |
| Invesco Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| Invesco Physical Gold GBP Hedged ETC | 0.35% | -3.9% | +100.8% | — |
| iShares Gold ETF (CH) Class A | 0.19% | -3.2% | +91.3% | +116.4% |
| iShares Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| iShares Physical Gold GBP Hedged ETC | 0.25% | -3.6% | — | — |
| Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged | 0.27% | -6.4% | +78.5% | +117.0% |
| Royal Mint Responsibly Sourced Physical Gold ETC | 0.25% | -3.8% | +90.8% | — |
| Swisscanto (CH) Gold ETF Anteile -EAH (GBP)- | 0.40% | +1.7% | +104.3% | +111.7% |
| UBS ETF (CH) - UBS Gold ETF Units -USD acc- | 0.23% | -3.3% | +91.1% | +116.0% |
| UBS Gold hCHF ETF Units -CHF acc- | 0.36% | -12.8% | +78.1% | +93.5% |
| UBS Gold hEUR ETF Units -EUR acc- | 0.31% | -10.2% | +84.6% | +85.9% |
| Wisdomtree Core Physical Gold (this fund) | 0.12% | -7.3% | +84.9% | — |
| WisdomTree Physical Gold | 0.39% | -7.5% | +83.4% | +106.4% |
| WisdomTree Physical Swiss Gold | 0.15% | -7.3% | +84.8% | +108.9% |
| Xtrackers IE Physical Gold ETC | 0.11% | -3.7% | +91.6% | — |
| Xtrackers IE Physical Gold GBP Hedged ETC | 0.33% | -3.9% | +100.7% | — |
| Xtrackers Physical Gold ETC 2010-15.6.60 Physical Gold Commodity | 0.25% | -3.3% | +90.9% | +115.8% |
| Xtrackers Physical Gold GBP Hedged ETC | 0.69% | -4.1% | +99.7% | +100.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of GLDW?**

The ongoing charge of GLDW 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 Core Physical Gold 0.12% a year. Compared on 14/11/2026, 141 of the 149 other gold and commodity funds charge more, 7 the same and 1 less (share classes counted once).

**What does GLDW track?**

GLDW tracks the LBMA Gold Price PM - USD - Benchmark Price Return — the price of gold.

**What is the ISIN of GLDW?**

The ISIN of GLDW is JE00BN2CJ301. An ISIN identifies one exact share class of a fund; GLDW is its ticker on the London Stock Exchange. The same share class is also listed as WGLD (London Stock Exchange, US dollars).

**What were GLDW’s returns in each of the last five years?**

Calendar-year returns of GLDW in pounds (price only; the fund pays no income): 2022 +11.8%, 2023 +7.3%, 2024 +31.0%, 2025 +50.4%; 2026 to 13/11/2026 −8.4%. Past performance is not a guide to future returns.

**How has GLDW done after inflation?**

Over the five years to 13/11/2026 GLDW’s price changed by +110.4% (income paid out is not included), or +64.3% 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.