# WisdomTree Gold 1x Daily Short (SBUL)

**Source:** https://fundology.uk/fund/sbul · ISIN JE00B24DKC09 · 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, SBUL (WisdomTree Gold 1x Daily Short, ISIN JE00B24DKC09) closed at $8.25 on the London Stock Exchange. Its ongoing charge is 1.03% a year (about £103 on £10,000). Over the five years to 30/09/2026 its total return was −51.7%, or −62.3% after UK CPIH inflation.

## Summary

WisdomTree Gold 1x Daily Short is an exchange-traded fund (ETF) from WisdomTree, launched in 2008. 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 1.03% a year — about £103 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: **$8.25** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SBUL |
| ISIN | JE00B24DKC09 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | Bloomberg Gold Subindex |
| Ongoing charge | 1.03% a year (£103 per £10,000) |
| Fund size | £3.9m |
| Launched | 2008 |
| 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 | -8.63% | -11.50% | income reinvested |
| 3 years | -54.71% | -59.13% | income reinvested |
| 5 years | -51.72% | -62.26% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Gold 1x Daily Short in pounds (price only; the fund pays no income): 2022 +11.2%, 2023 −11.2%, 2024 −14.7%, 2025 −43.9%; 2026 to 30/09/2026 +7.5%. Returns of WisdomTree Gold 1x Daily Short in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: −10.5%; to 30/09/2025: −26.4%; to 30/09/2024: −31.2%; to 30/09/2023: −14.4%; to 30/09/2022: +26.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +11.2% | +1.8% | Price |
| 2023 | -11.2% | -14.7% | Price |
| 2024 | -14.7% | -17.6% | Price |
| 2025 | -43.9% | -45.8% | Price |
| 2026 to 30/09/2026 | +7.5% | +4.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 25.55% | -27.19% |
| 3 years | 20.44% | -64.95% |
| 5 years | 19.97% | -69.94% |

## Largest fall

Volatility of WisdomTree Gold 1x Daily Short in pounds, annualised from weekly returns to 30/09/2026: 25.5% over 1 year, 20.4% over 3 years, 20.0% over 5 years. Largest fall in the price of WisdomTree Gold 1x Daily Short since October 2021, in pounds: −69.9% from 23/09/2022 to 27/02/2026. The lowest 12-month return of WisdomTree Gold 1x Daily Short in pounds (price only; the fund pays no income) since January 2021 was −48.9% (12 months to 27/02/2026); the highest was +33.9% (12 months to 21/10/2022). On 30/09/2026 the price of WisdomTree Gold 1x Daily Short was 61.8% below its highest weekly close since October 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Gold 1x Daily Short 1.03% a year, as of 01/10/2026: 104 of the 280 other leveraged and inverse products charge more, 14 the same and 162 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.03%** 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.