# WisdomTree Short USD Long GBP (USGB)

**Source:** https://fundology.uk/fund/usgb · ISIN JE00B438PT24 · 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 01/10/2026, USGB (WisdomTree Short USD Long GBP, ISIN JE00B438PT24) closed at £36.86 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 01/10/2026 its total return was +5.0%, or −17.9% after UK CPIH inflation.

## Summary

WisdomTree Short USD Long GBP is an exchange-traded fund (ETF) from WisdomTree, launched in 2010. 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 0.39% a year — about £39 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: **£36.86** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | USGB |
| ISIN | JE00B438PT24 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | MSFX Short US Dollar/GBP Index - GBP |
| Ongoing charge | 0.39% a year (£39 per £10,000) |
| Fund size | £584k |
| Launched | 2010 |
| Domicile | United Kingdom |

## Past returns (periods to 01/10/2026)

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 | +0.64% | -2.52% | income reinvested |
| 3 years | +17.89% | +6.38% | income reinvested |
| 5 years | +5.05% | -17.88% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of WisdomTree Short USD Long GBP 0.39% a year, as of 02/10/2026: 191 of the 258 other leveraged and inverse products charge more, 10 the same and 57 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.39%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

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

The ongoing charge of USGB is 0.39% a year — about £39 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 Short USD Long GBP 0.39% a year, as of 02/10/2026: 191 of the 258 other leveraged and inverse products charge more, 10 the same and 57 less (share classes counted once).

**What does USGB track?**

USGB tracks the MSFX Short US Dollar/GBP Index - GBP.

**What is the ISIN of USGB?**

The ISIN of USGB is JE00B438PT24. An ISIN identifies one exact share class of a fund; USGB is its ticker on the London Stock Exchange.

**How has USGB done after inflation?**

Over the five years to 01/10/2026 USGB’s total return was +5.0%, or −17.9% after UK CPIH inflation. Past performance is not a guide to future returns.

---

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.