ETC · Invesco
SGLS Invesco Physical Gold GBP Hedged ETC
ISIN XS2183935605London Stock Exchange: SGLSInvesco Ltd.
- Gold & commodities
- ETC
- ISA
- SIPP
- Accumulating
- Currency hedged
Latest close
LSE£90.05
on
- Ongoing charge
- 0.35% a year
- Fund size
- £301m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, SGLS (Invesco Physical Gold GBP Hedged ETC, ISIN XS2183935605) closed at £90.05 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 30/09/2026 its total return was +63.2%, or +27.6% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +17.8%
- +14.1% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +116.1%
- +95.0% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +63.2%
- +27.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,632 on 30/09/2026 — about £1,276 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Physical Gold GBP Hedged ETC in pounds (price, with income reinvested in the fund): 2022 −1.8%, 2023 +11.5%, 2024 +25.5%, 2025 +69.8%; 2026 to 30/09/2026 −8.5%. Returns of Invesco Physical Gold GBP Hedged ETC in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +8.6%; to 30/09/2025: +41.1%; to 30/09/2024: +41.4%; to 30/09/2023: +8.4%; to 30/09/2022: −5.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −8.5% | −11.0% | |
| +69.8% | +64.0% | ||
| +25.5% | +21.2% | ||
| +11.5% | +7.0% | ||
| −1.8% | −10.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.6% | Not available |
| from | +41.1% | +35.6% |
| from | +41.4% | +37.8% |
| from | +8.4% | +1.9% |
| from | −5.8% | −13.4% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.2%over 5 years
| 1 year | 23.0% |
|---|---|
| 3 years | 18.1% |
| 5 years | 16.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −23.8%
- From to
- Lowest 12-month return
- −10.1%
- 12 months to
- Highest 12-month return
- +81.3%
- 12 months to
- Below its highest weekly close since October 2021
- 21.1%
- High of , latest
In words: Volatility of Invesco Physical Gold GBP Hedged ETC in pounds, annualised from weekly returns to 30/09/2026: 23.0% over 1 year, 18.1% over 3 years, 16.2% over 5 years. Largest fall in the price of Invesco Physical Gold GBP Hedged ETC since October 2021, in pounds: −23.8% from 27/02/2026 to 17/07/2026. The lowest 12-month return of Invesco Physical Gold GBP Hedged ETC in pounds (price, with income reinvested in the fund) since January 2021 was −10.1% (12 months to 21/10/2022); the highest was +81.3% (12 months to 27/02/2026). On 30/09/2026 the price of Invesco Physical Gold GBP Hedged ETC was 21.1% below its highest weekly close since October 2021 (27/02/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 49 charge less
- 9 the same
- 79 charge more
Ongoing charge of Invesco Physical Gold GBP Hedged ETC 0.35% a year, as of 01/10/2026: 79 of the 137 other gold and commodity funds charge more, 9 the same and 49 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Physical Gold GBP Hedged ETC is an exchange-traded commodity (ETC) from Invesco, launched in 2020.
It tracks the LBMA Gold Price PM ($/ozt) — the price of gold.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.
Terms:Index fundAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- SGLS
- ISIN
- XS2183935605
- Provider
- Invesco
- Tracks
- LBMA Gold Price PM ($/ozt)
- Structure
- ETC
- An exchange-traded commodity: a security backed by a commodity such as gold, traded like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £301m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Gold & commodities
Price chart
Since 31/07/2026, the closing price went from £87.71 on 31/07/2026 to £90.05 on 30/09/2026 (+2.7%). The lowest close shown was £87.71 on 31/07/2026 and the highest £99.75 on 21/08/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Funds tracking the same index
21 funds track LBMA Gold Price PM ($/ozt), this one included and share classes counted once; their ongoing charges range from 0.11% to 0.69% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Amundi Physical Gold ETCAccumulating · 0.12% a year | +10.3% | +144.3% |
| Gold Bullion Securities0.40% a year | +10.0% | +140.9% |
| Invesco Physical Gold ETC0.12% a year | +20.6% | +152.5% |
| Invesco Physical Gold GBP Hedged ETCThis fundAccumulating · Currency hedged · 0.35% a year | +17.8% | +63.2% |
| iShares Gold ETF (CH) Class AAccumulating · 0.19% a year | +9.9% | +140.9% |
| iShares Physical Gold ETC0.12% a year | +10.3% | +144.3% |
| iShares Physical Gold GBP Hedged ETCDistributing · Currency hedged · 0.25% a year | +7.7% | Not reported |
| Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF HedgedDistributing · Currency hedged | +16.7% | +140.4% |
| Royal Mint Responsibly Sourced Physical Gold ETC0.25% a year | +10.2% | +50.3% |
| Swisscanto (CH) Gold ETF EA USDDistributing · 0.40% a year | +9.6% | +138.1% |
| UBS ETF (CH) - UBS Gold ETF Units -USD acc-Accumulating · 0.23% a year | +9.8% | +140.4% |
| UBS Gold hCHF ETF Units -CHF acc-Accumulating · 0.36% a year | −0.4% | +120.1% |
| UBS Gold hEUR ETF Units -EUR acc-Accumulating · 0.31% a year | +3.6% | +110.5% |
| Wisdomtree Core Physical Gold0.12% a year | +10.3% | +50.5% |
| WisdomTree Physical Gold0.39% a year | +10.0% | +141.0% |
| WisdomTree Physical Swiss GoldAccumulating · 0.15% a year | +10.3% | +143.9% |
| Xtrackers IE Physical Gold ETC0.11% a year | +11.0% | +49.7% |
| Xtrackers IE Physical Gold GBP Hedged ETC Underlying Tracker 2020-23.05.80 (Exp.08.04.80) on Gold SecuredCurrency hedged · 0.33% a year | +8.5% | +55.3% |
| Xtrackers Physical Gold ETC (EUR)0.25% a year | +10.4% | +138.2% |
| Xtrackers Physical Gold EUR Hedged ETCAccumulating · Currency hedged · 0.59% a year | +4.2% | +103.4% |
| Xtrackers Physical Gold GBP Hedged ETCDistributing · Currency hedged · 0.69% a year | +8.3% | +119.7% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
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Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against Invesco Physical Gold ETC, over the three years to 30/09/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
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Questions people ask
What is the ongoing charge of SGLS?
The ongoing charge of SGLS is 0.35% a year — about £35 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 Invesco Physical Gold GBP Hedged ETC 0.35% a year, as of 01/10/2026: 79 of the 137 other gold and commodity funds charge more, 9 the same and 49 less (share classes counted once).
What does SGLS track?
SGLS tracks the LBMA Gold Price PM ($/ozt) — the price of gold.
Is SGLS accumulating or distributing?
SGLS 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 SGLS?
The ISIN of SGLS is XS2183935605. An ISIN identifies one exact share class of a fund; SGLS is its ticker on the London Stock Exchange.
What were SGLS’s returns in each of the last five years?
Calendar-year returns of SGLS in pounds (price, with income reinvested in the fund): 2022 −1.8%, 2023 +11.5%, 2024 +25.5%, 2025 +69.8%; 2026 to 30/09/2026 −8.5%. Past performance is not a guide to future returns.
How has SGLS done after inflation?
Over the five years to 30/09/2026 SGLS’s total return was +63.2%, or +27.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SGLNiShares Physical Gold ETC0.12% a year · £22bn
- SGLPInvesco Physical Gold ETC0.12% a year · £17bn
- OGLDBorse Commodities GmbH Xetra-Gold0.36% a year · £14bn
- GLDAAmundi Physical Gold ETC0.12% a year · £7.7bn
- 0VR3Swisscanto (CH) Gold ETF EA CHF0.40% a year · £4.4bn
- PHGPWisdomTree Physical Gold0.39% a year · £4.0bn
- XGDPXtrackers IE Physical Gold ETC0.11% a year · £3.8bn
- 0MKNUBS ETF (CH) - UBS Gold ETF Units -USD acc-0.23% a year · £3.4bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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