Equity/bonds + 10% gold
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A 55/35 equity/bond core with a 10% physical gold ETC sleeve.
This model portfolio is published for everyone. It is an example allocation, not a recommendation, and it has not been assessed against your circumstances. Compare it with the other model portfolios.
Target weights
- 55% All-world equity
- 35% Global bonds
- 10% Gold
Returns over a period you choose
Set the same months and currency as your bank or broker statement to compare like with like. Month-end data; last month-end Sep 2026.
Loading the monthly return series…
The variant is the base currency the fund set is built for (bonds hedged to that currency where a hedged class exists; it is the same switch as “Base currency” further down). Show returns in only changes the currency the result is measured in, for example a USD-variant portfolio seen by a CHF investor.
Cumulative return (USD)–
Annualised (CAGR)–
Volatility–
Max drawdown (month-end)–
Growth of 10,000–
Best / worst month–
Calendar-year returns in the period (partial years marked with their number of months)
Simulated past performance. These figures are back-tested from month-end prices of proxy ETFs (listed below), not the record of a real account, and past performance is no guarantee of future results. They include each proxy ETF's ongoing charges (already in its price) and reinvested distributions, and assume monthly rebalancing to the target weights. They are before trading costs, bid-ask spreads, platform, custody or advisory fees, FX conversion costs and your taxes. Currency conversion uses Yahoo Finance month-end FX rates. Returns are time-weighted, for a single amount invested at the start; a bank statement that includes deposits or withdrawals may show a money-weighted return, which can differ. The first month with a return for this portfolio is Dec 2017 (USD, EUR, GBP, SGD variants), May 2018 (CHF variant). How periods and currency conversion work. Information only, not advice.
Historical risk statistics
Derived at build time from month-end prices of proxy ETFs (listed below), converted to each base currency, rebalanced monthly. CAGR = compound annual growth rate. Volatility = annualised standard deviation of monthly returns. Max drawdown = largest peak-to-trough fall in month-end value (falls within a month were deeper). These are historical facts about proxies, not forecasts, after fund fees (already in ETF prices), before broker costs and taxes. The history funds have a weighted TER of 0.16% (USD, EUR, GBP, SGD, CHF); the cheapest eligible funds listed below can cost less, and would then have returned roughly the TER difference more per year. Why.
| Base | Window (longest common) | CAGR | Volatility | Max drawdown (month-end) | Worst calendar year | Best calendar year | Common window* |
|---|---|---|---|---|---|---|---|
| USD | 2017-12 – 2026-09 8.8 yrs · trough 2022-09 | 8.5% | 9.6% | -18.5% | -13.9% (2022) | 19.7% | 2019-03 → CAGR 9.6%, vol 9.9%, max DD (month-end) -18.5% |
| EUR | 2017-12 – 2026-09 8.8 yrs · trough 2022-09 | 8.1% | 8.2% | -11.3% | -11.2% (2022) | 19.3% | 2017-12 → CAGR 8.1%, vol 8.2%, max DD (month-end) -11.3% |
| GBP | 2017-12 – 2026-09 8.8 yrs · trough 2022-06 | 8.2% | 7.4% | -8.5% | -7.7% (2022) | 15.7% | 2017-12 → CAGR 8.2%, vol 7.4%, max DD (month-end) -8.5% |
| SGD | 2017-12 – 2026-09 8.8 yrs · trough 2022-12 | 7.8% | 7.3% | -14.5% | -14.5% (2022) | 17.3% | 2019-03 → CAGR 8.8%, vol 7.5%, max DD (month-end) -14.5% |
| CHF | 2018-05 – 2026-09 8.4 yrs · trough 2022-09 | 6.1% | 8.8% | -15.3% | -14.3% (2022) | 16.9% | 2018-05 → CAGR 6.1%, vol 8.8%, max DD (month-end) -15.3% |
*Common window = the period over which every core (non-multi-asset) portfolio has data in that base currency (USD from 2019-03, EUR from 2017-12, GBP from 2017-12, SGD from 2019-03, CHF from 2018-05). Use it for like-for-like comparison. A specialty portfolio whose proxies start later shows its own (later) start date here. Data: Yahoo Finance daily adjusted close prices via the open-source yfinance library, downloaded at build time. Only derived statistics are published. Last month-end used: 2026-09-30.
Proxy / currency notes
- SGD: No listed SGD-hedged share class in our list: SGD figures use the USD-hedged class, so they include USD/SGD currency moves.
Proxies used for the statistics
| Building block | USD | EUR | GBP | SGD | CHF |
|---|---|---|---|---|---|
| All-world equity | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% |
| Global bonds | iShares Core Global Aggregate Bond USD Hedged (LSE) AGGU.L · TER 0.10% | iShares Core Global Aggregate Bond EUR Hedged (Xetra) EUNA.DE · TER 0.10% | iShares Core Global Aggregate Bond GBP Hedged Dist (LSE), income reinvested AGBP.L · TER 0.10% | iShares Core Global Aggregate Bond USD Hedged, converted to SGD AGGU.L · TER 0.10% | SPDR Bloomberg Global Aggregate Bond CHF Hedged (SIX) GLAC.SW · TER 0.10% |
| Gold | iShares Physical Gold ETC (USD, LSE) IGLN.L · TER 0.12% | iShares Physical Gold ETC (USD, LSE) IGLN.L · TER 0.12% | iShares Physical Gold ETC (USD, LSE) IGLN.L · TER 0.12% | iShares Physical Gold ETC (USD, LSE) IGLN.L · TER 0.12% | iShares Physical Gold ETC (USD, LSE) IGLN.L · TER 0.12% |
ETF options for each building block
The base currency changes the statistics and which exchange line is shown first (for example SIX in CHF, Xetra in EUR, London in GBP or USD). It does not change the fund: every line of an ETF is the same fund. ETFs with no line trading in your base currency are still listed, marked, and placed after those that have one. Base, fund and trading currency explained.
For each slot we list every ETF in our curated list that matches your filters. The order is neutral: lowest TER first, then larger share-class size, then longer track record. Being listed first is not a recommendation. Check the issuer documents (KID, prospectus) and your broker's availability before acting.
55% · Global all-world equity
| # | ETF | TER | Type | Share-class size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Amundi Prime All Country World UCITS ETF DistIE0009HF1MK9 · Amundi · Ireland | 0.07% | DistributingPhysical | EUR 5.2bnas of 2026-10-27 | 2024-02 | WEBG (SIX, USD)WEBJ (Xetra, USD) · WEBG (SIX, CHF) · WEBG (Xetra, EUR) · WEBK (Xetra, GBP) · PACW (LSE, GBP) | |
| Amundi Prime All Country World UCITS ETF AccIE0003XJA0J9 · Amundi · Ireland | 0.07% | AccumulatingPhysical | EUR 3.4bnas of 2026-10-27 | 2024-06 | WEBQ (Xetra, USD)WEBN (Xetra, EUR) · WEBN (Borsa Italiana, EUR) | |
| Xtrackers FTSE All-World UCITS ETF 1CIE000L6ZMMC4 · Xtrackers (DWS) · Ireland | 0.07% | AccumulatingPhysical (sampled) | EUR 183mas of 2026-10-27 | 2026-04 | ALLW (LSE, USD)XALL (SIX, CHF) · ALLW (Xetra, EUR) · ALLG (LSE, GBP) · ALLW (Borsa Italiana, EUR) | |
| Vanguard FTSE All-World UCITS ETF (USD) AccumulatingIE00BK5BQT80 · Vanguard · Ireland | 0.14% | AccumulatingPhysical | EUR 55.2bnas of 2026-10-27 | 2019-07 | VWRA (LSE, USD)VWRA (SIX, CHF) · VWCE (Xetra, EUR) · VWRP (LSE, GBP) · VWCE (Borsa Italiana, EUR) · VWCE (Euronext AMS, EUR) | |
| Vanguard FTSE All-World UCITS ETF (USD) DistributingIE00B3RBWM25 · Vanguard · Ireland | 0.14% | DistributingPhysical | EUR 23.8bnas of 2026-10-27 | 2012-05 | VWRD (LSE, USD)VWRL (SIX, CHF) · VGWL (Xetra, EUR) · VWRL (LSE, GBP) · VWRL (Borsa Italiana, EUR) · VWRL (Euronext AMS, EUR) · VWRL (Euronext Paris, EUR) | |
| Invesco FTSE All-World UCITS ETF AccIE000716YHJ7 · Invesco · IrelandInvesco blocks automated downloads; TER/size read from Invesco factsheet via search index, SIX/Xetra/LSE listings from the exchanges, other listings from Bogleheads list. Inception date not verified. | 0.15% | AccumulatingPhysical | EUR 4.3bnas of 2026-10-27 | 2023-06 | FWRA (LSE, USD)FWRA (SIX, CHF) · FWIA (Xetra, EUR) · FWRG (LSE, GBP, quoted in pence) · FWRA (Borsa Italiana, EUR) | |
| SPDR MSCI ACWI IMI UCITS ETF (Acc)IE00B3YLTY66 · SPDR (State Street) · IrelandIncludes small caps (IMI index). | 0.17% | AccumulatingPhysical (optimised) | EUR 8.3bnas of 2026-10-27 | 2011-05 | IMID (LSE, USD)IMID (SIX, USD) · SPYI (Xetra, EUR) · IMIE (Borsa Italiana, EUR) · IMIE (Euronext Paris, EUR) | |
| iShares MSCI All Country World UCITS ETF (Acc)IE00B6R52259 · iShares · Ireland | 0.20% | AccumulatingPhysical (optimised) | EUR 31.4bnas of 2026-10-27 | 2011-10 | ISAC (LSE, USD)SSAC (SIX, USD) · SSAC (SIX, CHF) · IUSQ (Xetra, EUR) · SSAC (LSE, GBP, quoted in pence) · ISAC (Borsa Italiana, EUR) · SSAC (Euronext AMS, EUR) | |
| UBS MSCI ACWI SF UCITS ETF USD accIE00BYM11H29 · UBS · Ireland | 0.21% | AccumulatingSynthetic (swap) | EUR 4.0bnas of 2026-10-27 | 2018-11 | ACWIA (SIX, USD)ACWIA (Borsa Italiana, EUR) | |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingIE00BNG8L278 · Vanguard · Ireland | 0.24% | Accumulating ESGPhysical | EUR 1.1bnas of 2026-10-27 | 2021-03 | V3AA (LSE, USD)V3AA (SIX, CHF) · V3AA (Xetra, EUR) · V3AB (LSE, GBP) · V3AA (Borsa Italiana, EUR) · V3AA (Euronext AMS, EUR) · V3AA (Euronext Paris, EUR) | |
| Vanguard ESG Global All Cap UCITS ETF (USD) DistributingIE00BNG8L385 · Vanguard · Ireland | 0.24% | Distributing ESGPhysical | EUR 562mas of 2026-10-27 | 2021-03 | V3AL (LSE, USD)V3AL (SIX, CHF) · V3AL (Xetra, EUR) · V3AM (LSE, GBP) · V3AL (Borsa Italiana, EUR) · V3AL (Euronext AMS, EUR) · V3AL (Euronext Paris, EUR) | |
| Xtrackers MSCI AC World Screened UCITS ETF 1CIE00BGHQ0G80 · Xtrackers (DWS) · IrelandScreened (ESG exclusions) version of MSCI ACWI. | 0.25% | Accumulating ESGPhysical (sampled) | EUR 6.5bnas of 2026-10-27 | 2014-02 | XMAW (SIX, USD)XMAW (Xetra, EUR) · XMAW (LSE, GBP, quoted in pence) · XMAW (Borsa Italiana, EUR) | |
| Invesco FTSE All-World UCITS ETF CHF PfHdg AccIE000SHR0UX9 · Invesco · IrelandPortfolio-hedged to CHF: hedges non-CHF developed-market currencies and may hedge some emerging-market currencies (per factsheet). | 0.20% | Accumulating CHF-hedgedPhysical | EUR 66mas of 2026-10-27 | 2024-02 | FWCA (SIX, CHF) no USD listing, trades in CHF on SIX | |
| UBS MSCI ACWI SF UCITS ETF hEUR accIE00BYM11K57 · UBS · IrelandHedging applies to developed-market currencies (per factsheet index description). | 0.21% | Accumulating EUR-hedgedSynthetic (swap) | EUR 1.6bnas of 2026-10-27 | 2015-08 | ACWIE (SIX, EUR) no USD listing, trades in EUR on SIXACWIE (Borsa Italiana, EUR) | |
| Amundi MSCI All Country World Swap UCITS ETF EUR AccLU1829220216 · Amundi · LuxembourgSwap-based MSCI ACWI. Added for Wiener Börse coverage. TER 0.45%, above the physical all-world ETFs in this list. | 0.45% | AccumulatingSynthetic (swap) | EUR 2.5bnas of 2026-10-27 | 2011-09 | LYY0 (Xetra, EUR) no USD listing, trades in EUR on XetraACWI (Borsa Italiana, EUR) · ACWI (Euronext Paris, EUR) |
35% · Global aggregate bonds
| # | ETF | TER | Type | Share-class size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Vanguard Global Aggregate Bond UCITS ETF USD Hedged AccumulatingIE00BG47KJ78 · Vanguard · Ireland | 0.08% | Accumulating USD-hedgedPhysical | EUR 688mas of 2026-10-27 | 2019-06 | VAGU (LSE, USD) | |
| iShares Core Global Aggregate Bond UCITS ETF USD Hedged (Acc)IE00BZ043R46 · iShares · Ireland | 0.10% | Accumulating USD-hedgedPhysical (sampled) | EUR 3.7bnas of 2026-10-27 | 2017-11 | AGGU (LSE, USD)AGGU (SIX, USD) | |
| iShares Core Global Aggregate Bond UCITS ETF (Dist)IE00B3F81409 · iShares · Ireland | 0.10% | DistributingPhysical (sampled) | EUR 2.4bnas of 2026-10-27 | 2017-11 | AGGG (LSE, USD)AGGG (SIX, USD) · EUNU (Xetra, EUR) · SAGG (LSE, GBP) | |
| Amundi Core Global Aggregate Bond UCITS ETF AccLU1437024729 · Amundi · Luxembourg | 0.10% | AccumulatingPhysical | EUR 697mas of 2026-10-27 | 2016-10 | GAGU (LSE, USD)GAGG (LSE, GBP, quoted in pence) · GAGG (Borsa Italiana, EUR) · GAGG (Euronext Paris, EUR) | |
| iShares Core Global Aggregate Bond UCITS ETF USD Hedged (Dist)IE00BMGNVD65 · iShares · Ireland | 0.10% | Distributing USD-hedgedPhysical (sampled) | EUR 280mas of 2026-10-27 | 2020-07 | AGUG (Euronext AMS, USD) | |
| Xtrackers II ESG Global Aggregate Bond UCITS ETF 1DLU0942970103 · Xtrackers (DWS) · Luxembourg | 0.10% | Distributing ESGPhysical (sampled) | EUR 96mas of 2026-10-27 | 2014-03 | XBAG (SIX, USD)XBAG (Xetra, EUR) · XBAG (LSE, GBP, quoted in pence) · XBAG (Borsa Italiana, EUR) | |
| Amundi Core Global Aggregate Bond UCITS ETF USD Hedged AccLU1778293313 · Amundi · Luxembourg | 0.10% | Accumulating USD-hedgedPhysical | EUR 48mas of 2026-10-27 | 2018-04 | GAHU (Euronext Paris, USD) | |
| Amundi Global Aggregate Bond ESG UCITS ETF Hedged USD AccLU2469335611 · Amundi · LuxembourgAdded to give Xetra a USD-hedged global aggregate bond line. | 0.16% | Accumulating USD-hedged ESGPhysical | EUR 1mas of 2026-10-27 | 2022-06 | AHYB (Xetra, USD) | |
| Vanguard Global Aggregate Bond UCITS ETF GBP Hedged AccumulatingIE00BG47K971 · Vanguard · Ireland | 0.08% | Accumulating GBP-hedgedPhysical | EUR 2.4bnas of 2026-10-27 | 2019-06 | VAGS (LSE, GBP) no USD listing, trades in GBP on LSE | |
| Vanguard Global Aggregate Bond UCITS ETF EUR Hedged AccumulatingIE00BG47KH54 · Vanguard · Ireland | 0.08% | Accumulating EUR-hedgedPhysical | EUR 2.4bnas of 2026-10-27 | 2019-06 | VAGF (Xetra, EUR) no USD listing, trades in EUR on XetraVAGF (Borsa Italiana, EUR) | |
| Amundi Core Global Aggregate Bond UCITS ETF GBP Hedged DistLU2355200523 · Amundi · LuxembourgFee 0.08% per factsheet (other classes of the fund 0.10%). | 0.08% | Distributing GBP-hedgedPhysical | EUR 477mas of 2026-10-27 | 2021-07 | AGHG (LSE, GBP, quoted in pence) no USD listing, trades in GBP on LSE | |
| Vanguard Global Aggregate Bond UCITS ETF GBP Hedged DistributingIE00BG47KG48 · Vanguard · Ireland | 0.08% | Distributing GBP-hedgedPhysical | EUR 237mas of 2026-10-27 | 2019-06 | VAGP (LSE, GBP) no USD listing, trades in GBP on LSE | |
| Vanguard Global Aggregate Bond UCITS ETF EUR Hedged DistributingIE00BG47KB92 · Vanguard · Ireland | 0.08% | Distributing EUR-hedgedPhysical | EUR 137mas of 2026-10-27 | 2019-06 | VAGE (Xetra, EUR) no USD listing, trades in EUR on Xetra | |
| Vanguard Global Aggregate Bond UCITS ETF CHF Hedged AccumulatingIE00BG47KF31 · Vanguard · Ireland | 0.08% | Accumulating CHF-hedgedPhysical | EUR 44mas of 2026-10-27 | 2021-09 | VAGX (SIX, CHF) no USD listing, trades in CHF on SIX | |
| iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)IE00BDBRDM35 · iShares · Ireland | 0.10% | Accumulating EUR-hedgedPhysical (sampled) | EUR 2.6bnas of 2026-10-27 | 2017-11 | AGGH (SIX, EUR) no USD listing, trades in EUR on SIXEUNA (Xetra, EUR) · AGGH (Borsa Italiana, EUR) · AGGH (Euronext AMS, EUR) | |
| SPDR Bloomberg Global Aggregate Bond CHF Hedged UCITS ETF (Acc)IE00BF1QPK61 · SPDR (State Street) · Ireland | 0.10% | Accumulating CHF-hedgedPhysical (stratified sampling) | EUR 1.2bnas of 2026-10-27 | 2018-04 | GLAC (SIX, CHF) no USD listing, trades in CHF on SIX | |
| iShares Core Global Aggregate Bond UCITS ETF CHF Hedged (Acc)IE00BD1JRY91 · iShares · Ireland | 0.10% | Accumulating CHF-hedgedPhysical | EUR 1.1bnas of 2026-10-27 | 2018-03 | AGGS (SIX, CHF) no USD listing, trades in CHF on SIX | |
| iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)IE00BF540Y54 · iShares · Ireland | 0.10% | Distributing GBP-hedgedPhysical (sampled) | EUR 879mas of 2026-10-27 | 2017-11 | AGBP (LSE, GBP) no USD listing, trades in GBP on LSE | |
| SPDR Bloomberg Global Aggregate Bond EUR Hedged UCITS ETF (Dist)IE00BF1QPL78 · SPDR (State Street) · Ireland | 0.10% | Distributing EUR-hedgedPhysical | EUR 636mas of 2026-10-27 | 2018-02 | SPFE (Xetra, EUR) no USD listing, trades in EUR on XetraGLAE (Borsa Italiana, EUR) | |
| Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR HedgedLU0942970798 · Xtrackers (DWS) · Luxembourg | 0.10% | Accumulating EUR-hedged ESGPhysical (sampled) | EUR 344mas of 2026-10-27 | 2014-03 | XBAE (Xetra, EUR) no USD listing, trades in EUR on XetraXBAE (Borsa Italiana, EUR) | |
| Amundi Core Global Aggregate Bond UCITS ETF EUR Hedged AccLU1708330318 · Amundi · Luxembourg | 0.10% | Accumulating EUR-hedgedPhysical | EUR 138mas of 2026-10-27 | 2017-12 | GAGH (Borsa Italiana, EUR) no USD listing, trades in EUR on Borsa ItalianaGAGH (Euronext Paris, EUR) | |
| Amundi Core Global Aggregate Bond UCITS ETF DistLU1737654019 · Amundi · LuxembourgDistributing class listed alongside LU1437024729 in the same Amundi factsheet with the same fee; its own launch date is not stated there. | 0.10% | DistributingPhysical | EUR 6mas of 2026-10-27 | 2017-12 | 10AM (Xetra, EUR) no USD listing, trades in EUR on Xetra | |
| HSBC Global Aggregate Bond UCITS ETF GBP Hedged (Dist)IE0009RYSBF2 · HSBC · IrelandFund-level index is hedged to USD; this share class is hedged to GBP (per factsheet). Replication method not stated on the factsheet. | 0.10% | Distributing GBP-hedgedNot stated | EUR 1mas of 2026-10-27 | 2024-05 | HGAS (LSE, GBP) no USD listing, trades in GBP on LSE | |
| HSBC Global Aggregate Bond UCITS ETF CHF Hedged (Acc)IE000AE3TNP7 · HSBC · IrelandFund-level index is hedged to USD; this share class is hedged to CHF (per factsheet). Replication method not stated on the factsheet. | 0.10% | Accumulating CHF-hedgedNot stated | EUR 0mas of 2026-10-27 | 2024-04 | HGAC (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Amundi Core Global Aggregate Bond UCITS ETF CHF Hedged AccLU3238224508 · Amundi · LuxembourgShare-class launch date from the KID (13 Jan 2026); fee and AUM from the Amundi product page. | 0.10% | Accumulating CHF-hedgedPhysical | EUR 0mas of 2026-10-27 | 2026-01 | GACHF (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Amundi Global Aggregate Bond ESG UCITS ETF Hedged EUR AccLU2439733507 · Amundi · LuxembourgAdded for Wiener Börse coverage (EUR-hedged global aggregate bonds). | 0.16% | Accumulating EUR-hedged ESGPhysical | EUR 161mas of 2026-10-27 | 2022-06 | AHYD (Xetra, EUR) no USD listing, trades in EUR on Xetra |
10% · Physical gold (ETC or Swiss gold ETF)
| # | ETF | TER | Type | Share-class size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| iShares Physical Gold ETCIE00B4ND3602 · iShares · IrelandExchange-traded commodity (ETC), not a UCITS fund; backed by physical gold. | 0.12% | ETC, no incomePhysical | EUR 33.7bnas of 2026-10-27 | 2011-04 | IGLN (LSE, USD)PPFB (Xetra, EUR) · EGLN (LSE, EUR) · SGLN (LSE, GBP, quoted in pence) · SGLN (Borsa Italiana, EUR) · SLGN (Euronext Paris, EUR) | |
| Invesco Physical Gold ETCIE00B579F325 · Invesco · IrelandExchange-traded commodity (ETC), not a UCITS fund. Data read from Invesco factsheet via search index (automated download blocked). | 0.12% | ETC, no incomePhysical (allocated gold) | EUR 25.4bnas of 2026-10-27 | 2009-06 | SGLD (LSE, USD)SGLD (SIX, USD) · SGLD (SIX, CHF) · 8PSG (Xetra, EUR) · SGLP (LSE, GBP, quoted in pence) · SGLD (Borsa Italiana, EUR) · SGLD (Euronext AMS, EUR) | |
| Amundi Physical Gold ETC (C)FR0013416716 · Amundi · IrelandExchange-traded commodity (ETC), not a UCITS fund; backed by physical gold. Issued by Amundi Physical Metals plc (Ireland) under an FR ISIN. | 0.12% | ETC, no incomePhysical | EUR 11.4bnas of 2026-10-27 | 2019-05 | GLDD (LSE, USD)GLDA (Xetra, EUR) · GLDA (LSE, GBP, quoted in pence) · GOLD (Borsa Italiana, EUR) · GOLD (Euronext Paris, EUR) | |
| UBS Gold ETF (USD) accCH0106027193 · UBS · SwitzerlandSwiss fund, not UCITSSwiss-domiciled fund (UBS ETF (CH), Swiss fund law), not a UCITS fund. Holds physical gold bars in a Swiss vault. | 0.23% | AccumulatingPhysical | EUR 5.1bnas of 2026-10-27 | 2010-01 | AUUSI (SIX, USD)AUUSI (SIX, CHF) | |
| UBS Gold hCHF ETF (CHF) accCH0106027128 · UBS · SwitzerlandSwiss fund, not UCITSSwiss-domiciled fund (UBS ETF (CH), Swiss fund law), not a UCITS fund. Holds physical gold bars in a Swiss vault. | 0.23% | Accumulating CHF-hedgedPhysical | EUR 2.6bnas of 2026-10-27 | 2009-12 | AUCHAH (SIX, CHF) no USD listing, trades in CHF on SIX | |
| UBS Gold hEUR ETF (EUR) accCH0106027144 · UBS · SwitzerlandSwiss fund, not UCITSSwiss-domiciled fund (UBS ETF (CH), Swiss fund law), not a UCITS fund. Holds physical gold bars in a Swiss vault. | 0.23% | Accumulating EUR-hedgedPhysical | EUR 848mas of 2026-10-27 | 2010-01 | AUEUAH (SIX, EUR) no USD listing, trades in EUR on SIX |
Rebalancing
Over time, the actual weights drift away from the targets as markets move. The statistics above assume a return to target weights every month. Many investors rebalance less often (for example once a year, or when a weight drifts by more than about 5 percentage points), or direct new contributions to the underweight fund. Each trade can trigger costs and, in some countries, taxes. Rules vary by country and tax residence; this is general information, not tax advice.