# iShares Physical Gold GBP Hedged ETC (IGLG)

**Page:** https://fundology.uk/fund/iglg · ISIN IE000Q2P3ZQ3

## 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, IGLG (iShares Physical Gold GBP Hedged ETC, ISIN IE000Q2P3ZQ3) closed at £61.61 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the three years to 13/11/2026 its price changed by +95.3% (income paid out is not included), or +76.5% after UK CPIH inflation.

## Summary

iShares Physical Gold GBP Hedged ETC is an exchange-traded commodity (ETC) from iShares, launched in 2022. 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 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£61.61** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IGLG |
| ISIN | IE000Q2P3ZQ3 |
| Category | Gold & commodities |
| Type | ETC |
| Provider | iShares |
| Tracks | LBMA Gold Price PM - USD - Benchmark Price Return |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £947m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/07/2022 |

## 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 | -3.59% | -7.01% | income reinvested |
| 3 years | +95.34% | +76.48% | 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 iShares Physical Gold GBP Hedged ETC in pounds (price only, income paid out not included): 2023 +12.1%, 2024 +27.0%, 2025 +61.9%; 2026 to 13/11/2026 −10.7%. Returns of iShares Physical Gold GBP Hedged ETC in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +6.0%; to 30/09/2025: +45.4%; to 30/09/2024: +41.9%; to 30/09/2023: +8.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +12.1% | +7.6% | Price |
| 2024 | +27.0% | +22.6% | Price |
| 2025 | +61.9% | +56.4% | Price |
| 2026 to 13/11/2026 | -10.7% | -13.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 22.94% | -26.22% |
| 3 years | 18.44% | -26.22% |

## Largest fall

Volatility of iShares Physical Gold GBP Hedged ETC in pounds, annualised from weekly returns to 13/11/2026: 22.9% over 1 year, 18.4% over 3 years. Largest fall in the price of iShares Physical Gold GBP Hedged ETC since July 2022, in pounds: −26.2% from 27/02/2026 to 13/11/2026. The lowest 12-month return of iShares Physical Gold GBP Hedged ETC in pounds (price only, income paid out not included) since July 2022 was −6.0% (12 months to 13/11/2026); the highest was +81.7% (12 months to 27/02/2026). On 13/11/2026 the price of iShares Physical Gold GBP Hedged ETC was 26.2% below its highest weekly close since July 2022 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Physical Gold GBP Hedged ETC 0.25% a year. Compared on 14/11/2026, 116 of the 149 other gold and commodity funds charge more, 4 the same and 29 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 (this fund) | 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 | 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): **0.25%** per year (as of 04/11/2026)
- 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 IGLG?**

The ongoing charge of IGLG is 0.25% a year — about £25 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 iShares Physical Gold GBP Hedged ETC 0.25% a year. Compared on 14/11/2026, 116 of the 149 other gold and commodity funds charge more, 4 the same and 29 less (share classes counted once).

**What does IGLG track?**

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

**Is IGLG accumulating or distributing?**

IGLG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of IGLG?**

The ISIN of IGLG is IE000Q2P3ZQ3. An ISIN identifies one exact share class of a fund; IGLG is its ticker on the London Stock Exchange.

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

Calendar-year returns of IGLG in pounds (price only, income paid out not included): 2023 +12.1%, 2024 +27.0%, 2025 +61.9%; 2026 to 13/11/2026 −10.7%. Past performance is not a guide to future returns.

**How has IGLG done after inflation?**

Over the three years to 13/11/2026 IGLG’s price changed by +95.3% (income paid out is not included), or +76.5% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/326442/ishares-physical-gold-gbp-hedged-etc)
- [Key information document (KID)](https://www.ishares.com/gls-download/literature/kiid/uk_priips-ishares-physical-gold-gbp-hedged-etc-gb-ie000q2p3zq3-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iglg-ishares-physical-gold-gbp-hedged-etc-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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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.