# Hsbc Global Government Bond Ucits ETF (HGVU) **Page:** https://fundology.uk/fund/hgvu · ISIN IE0006NCFSW9 ## 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, HGVU (Hsbc Global Government Bond Ucits ETF, ISIN IE0006NCFSW9) closed at $10.90 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the three years to 13/11/2026 its total return was −3.7%, or −13.0% after UK CPIH inflation. ## Summary Hsbc Global Government Bond Ucits ETF is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the FTSE WGBI (USD). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **$10.90** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HGVU | | ISIN | IE0006NCFSW9 | | Category | Government bonds | | Type | ETF | | Provider | HSBC | | Tracks | FTSE WGBI (USD) | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £25.8m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2023 | ## 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 | -0.17% | -3.71% | income reinvested | | 3 years | -3.69% | -12.98% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Hsbc Global Government Bond Ucits ETF in pounds (price, with income reinvested in the fund): 2024 +4.4%, 2025 −4.3%; 2026 to 13/11/2026 +1.7%. Returns of Hsbc Global Government Bond Ucits ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: 0.0%; to 30/09/2025: +1.4%; to 30/09/2024: +0.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +4.4% | +0.9% | Price | | 2025 | -4.3% | -7.5% | Price | | 2026 to 13/11/2026 | +1.7% | -1.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.72% | -4.78% | | 3 years | 6.71% | -8.97% | ## Largest fall Volatility of Hsbc Global Government Bond Ucits ETF in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 6.7% over 3 years. Largest fall in the price of Hsbc Global Government Bond Ucits ETF since July 2023, in pounds: −9.0% from 17/01/2025 to 27/06/2025. The lowest 12-month return of Hsbc Global Government Bond Ucits ETF in pounds (price, with income reinvested in the fund) since July 2023 was −6.7% (12 months to 30/01/2026); the highest was +7.5% (12 months to 17/01/2025). On 13/11/2026 the price of Hsbc Global Government Bond Ucits ETF was 4.2% below its highest weekly close since July 2023 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Hsbc Global Government Bond Ucits ETF 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once). ## Funds tracking the same index 2 funds track FTSE WGBI (USD), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.10% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC Global Funds ICAV - Global Government Bond UCITS ETF -ETFSH- GBP | 0.10% | +1.7% | +5.5% | — | | Hsbc Global Government Bond Ucits ETF (this fund) | 0.10% | -0.2% | -3.7% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - 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 HGVU?** The ongoing charge of HGVU is 0.10% a year — about £10 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 Hsbc Global Government Bond Ucits ETF 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once). **What does HGVU track?** HGVU tracks the FTSE WGBI (USD). **Is HGVU accumulating or distributing?** HGVU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of HGVU?** The ISIN of HGVU is IE0006NCFSW9. An ISIN identifies one exact share class of a fund; HGVU is its ticker on the London Stock Exchange. **What were HGVU’s returns in each of the last five years?** Calendar-year returns of HGVU in pounds (price, with income reinvested in the fund): 2024 +4.4%, 2025 −4.3%; 2026 to 13/11/2026 +1.7%. Past performance is not a guide to future returns. **How has HGVU done after inflation?** Over the three years to 13/11/2026 HGVU’s total return was −3.7%, or −13.0% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at HSBC Asset Management](https://www.assetmanagement.hsbc.co.uk/en/individual-investor/funds/ie0006ncfsw9) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0006ncfsw9/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0006ncfsw9/gb/en/factsheet) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.