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Diversified with real assets
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40% global equity and 35% bonds (half inflation-linked), plus 25% in real assets: listed property, gold and broad commodities.
Specialty portfolio. Its tilts add concentration and deviate from the global market. It can trail a broad market-cap-weighted portfolio for long periods. Core vs specialty.
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
- 40% All-world equity
- 10% Global real estate
- 20% Global bonds
- 15% Inflation-linked bonds
- 10% Gold
- 5% Commodities
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–
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. These are historical facts about proxies, not forecasts, and they exclude trading costs and taxes.
| Base | Window (longest common) | CAGR | Volatility | Max drawdown | Worst calendar year | Best calendar year | Common window* |
|---|---|---|---|---|---|---|---|
| USD | 2017-12 – 2026-09 8.8 yrs · trough 2022-09 | 7.7% | 9.3% | -17.6% | -13.2% (2022) | 18.2% | 2019-03 → CAGR 8.6%, vol 9.7%, MDD -17.6% |
| EUR | 2017-12 – 2026-09 8.8 yrs · trough 2020-03 | 7.4% | 8.2% | -12.9% | -9.7% (2022) | 18.3% | 2017-12 → CAGR 7.4%, vol 8.2%, MDD -12.9% |
| GBP | 2017-12 – 2026-09 8.8 yrs · trough 2022-10 | 6.7% | 7.7% | -11.0% | -10.6% (2022) | 14.6% | 2017-12 → CAGR 6.7%, vol 7.7%, MDD -11.0% |
| SGD | 2017-12 – 2026-09 8.8 yrs · trough 2022-12 | 7.1% | 7.0% | -13.7% | -13.7% (2022) | 16.3% | 2019-03 → CAGR 7.9%, vol 7.1%, MDD -13.7% |
| CHF | 2018-05 – 2026-09 8.4 yrs · trough 2022-09 | 5.4% | 8.5% | -13.8% | -12.8% (2022) | 15.1% | 2018-05 → CAGR 5.4%, vol 8.5%, MDD -13.8% |
*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 SGD inflation-linked UCITS ETF in our list: SGD figures use US TIPS, so they include USD/SGD currency moves.
- 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 | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L |
| Global real estate | iShares Developed Markets Property Yield UCITS ETF (EUR, Xetra), dividends reinvested IQQ6.DE | iShares Developed Markets Property Yield UCITS ETF (EUR, Xetra), dividends reinvested IQQ6.DE | iShares Developed Markets Property Yield UCITS ETF (EUR, Xetra), dividends reinvested IQQ6.DE | iShares Developed Markets Property Yield UCITS ETF (EUR, Xetra), dividends reinvested IQQ6.DE | iShares Developed Markets Property Yield UCITS ETF (EUR, Xetra), dividends reinvested IQQ6.DE |
| Global bonds | iShares Core Global Aggregate Bond USD Hedged (LSE) AGGU.L | iShares Core Global Aggregate Bond EUR Hedged (Xetra) EUNA.DE | iShares Core Global Aggregate Bond GBP Hedged Dist (LSE), income reinvested AGBP.L | iShares Core Global Aggregate Bond USD Hedged, converted to SGD AGGU.L | SPDR Bloomberg Global Aggregate Bond CHF Hedged (SIX) GLAC.SW |
| Inflation-linked bonds | iShares $ TIPS UCITS ETF (Xetra line, converted to USD) IUST.DE | iShares EUR Inflation Linked Govt Bond UCITS ETF (EUR, Xetra) IBCI.DE | iShares GBP Index-Linked Gilts UCITS ETF (GBP, LSE), income reinvested INXG.L | iShares $ TIPS UCITS ETF, converted to SGD IUST.DE | UBS Bloomberg TIPS 1-10 UCITS ETF hedged to CHF (SIX) TIP1S.SW |
| Gold | iShares Physical Gold ETC (USD, LSE) IGLN.L | iShares Physical Gold ETC (USD, LSE) IGLN.L | iShares Physical Gold ETC (USD, LSE) IGLN.L | iShares Physical Gold ETC (USD, LSE) IGLN.L | iShares Physical Gold ETC (USD, LSE) IGLN.L |
| Commodities | UBS CMCI Composite SF UCITS ETF USD acc (SIX) CCUSAS.SW | UBS CMCI Composite SF UCITS ETF USD acc (SIX) CCUSAS.SW | UBS CMCI Composite SF UCITS ETF USD acc (SIX) CCUSAS.SW | UBS CMCI Composite SF UCITS ETF USD acc (SIX) CCUSAS.SW | UBS CMCI Composite SF UCITS ETF USD acc (SIX) CCUSAS.SW |
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 fund 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.
40% · Global all-world equity
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Amundi Prime All Country World UCITS ETF DistIE0009HF1MK9 · Amundi · Ireland | 0.07% | DistributingPhysical | USD 9.0bnas of 2026-09-30 | 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 | USD 9.0bnas of 2026-09-30 | 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) | GBP 134mas of 2026-10-20 | 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) DistributingIE00B3RBWM25 · Vanguard · Ireland | 0.14% | DistributingPhysical | USD 87.3bnas of 2026-10-21 | 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) | |
| Vanguard FTSE All-World UCITS ETF (USD) AccumulatingIE00BK5BQT80 · Vanguard · Ireland | 0.14% | AccumulatingPhysical | USD 87.3bnas of 2026-10-21 | 2019-07 | VWRA (LSE, USD)VWRA (SIX, CHF) · VWCE (Xetra, EUR) · VWRP (LSE, GBP) · VWCE (Borsa Italiana, EUR) · VWCE (Euronext AMS, 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 | USD 5.2bnas of 2026-09-30 | n/a | 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) | USD 9.2bnas of 2026-09-30 | 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) | USD 36.7bnas of 2026-10-19 | 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) | USD 12.3bnas of 2026-09-30 | 2018-11 | ACWIA (SIX, USD)ACWIA (Borsa Italiana, EUR) | |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingIE00BNG8L278 · Vanguard · Ireland | 0.24% | Accumulating ESGPhysical | USD 1.9bnas of 2026-10-21 | 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 | USD 1.9bnas of 2026-10-21 | 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) | GBP 5.5bnas of 2026-10-20 | 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 | CHF 4.3bnas of 2026-09-30 | 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 10.8bnas of 2026-06-30 | 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 2.6bnas of 2026-09-30 | 2018-11 | LYY0 (Xetra, EUR) no USD listing, trades in EUR on XetraACWI (Borsa Italiana, EUR) · ACWI (Euronext Paris, EUR) |
10% · Global developed real estate (listed property / REITs)
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| HSBC FTSE EPRA NAREIT Developed UCITS ETF USDIE00B5L01S80 · HSBC · Ireland | 0.24% | DistributingPhysical | USD 3.5bnas of 2026-09-30 | 2011-06 | HPRD (LSE, USD)HPRD (SIX, USD) · H4ZL (Xetra, EUR) · HPRO (LSE, GBP) · HPRD (Borsa Italiana, EUR) | |
| VanEck Global Real Estate UCITS ETFNL0009690239 · VanEck · Netherlands | 0.25% | DistributingPhysical | EUR 442mas of 2026-08-31 | 2011-04 | TRET (LSE, USD)TRET (SIX, CHF) · TRET (Xetra, EUR) · TRET (Borsa Italiana, EUR) · TRET (Euronext AMS, EUR) | |
| SPDR Dow Jones Global Real Estate UCITS ETFIE00B8GF1M35 · SPDR (State Street) · Ireland | 0.40% | DistributingPhysical | USD 408mas of 2026-09-30 | 2012-10 | GLRE (LSE, USD)GBRE (SIX, CHF) · SPYJ (Xetra, EUR) · GBRE (LSE, GBP) | |
| iShares Developed Markets Property Yield UCITS ETFIE00B1FZS350 · iShares · Ireland | 0.59% | DistributingPhysical | USD 913mshare class, as of 2026-10-23 | 2006-10 | IDWP (LSE, USD)IWDP (SIX, USD) · IQQ6 (Xetra, EUR) · IWDP (LSE, GBP) · IWDP (Borsa Italiana, EUR) · IWDP (Euronext AMS, EUR) |
20% · Global aggregate bonds
| # | ETF | TER | Type | Fund 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 | USD 6.4bnas of 2026-10-21 | 2019-06 | VAGU (LSE, USD) | |
| iShares Core Global Aggregate Bond UCITS ETF USD Hedged (Acc)IE00BZ043R46 · iShares · Ireland | 0.10% | Accumulating USD-hedgedPhysical (sampled) | USD 14.3bnas of 2026-10-19 | 2017-11 | AGGU (LSE, USD)AGGU (SIX, USD) | |
| iShares Core Global Aggregate Bond UCITS ETF (Dist)IE00B3F81409 · iShares · Ireland | 0.10% | DistributingPhysical (sampled) | USD 14.3bnas of 2026-10-19 | 2017-11 | AGGG (LSE, USD)AGGG (SIX, USD) · EUNU (Xetra, EUR) · SAGG (LSE, GBP) | |
| iShares Core Global Aggregate Bond UCITS ETF USD Hedged (Dist)IE00BMGNVD65 · iShares · Ireland | 0.10% | Distributing USD-hedgedPhysical (sampled) | USD 14.3bnas of 2026-10-19 | 2017-11 | AGUG (Euronext AMS, USD) | |
| Amundi Core Global Aggregate Bond UCITS ETF USD Hedged AccLU1778293313 · Amundi · Luxembourg | 0.10% | Accumulating USD-hedgedPhysical | USD 4.3bnas of 2026-09-30 | 2018-02 | GAHU (Euronext Paris, USD) | |
| Amundi Core Global Aggregate Bond UCITS ETF AccLU1437024729 · Amundi · Luxembourg | 0.10% | AccumulatingPhysical | EUR 3.8bnas of 2026-09-30 | 2016-09 | GAGU (LSE, USD)GAGG (LSE, GBP, quoted in pence) · GAGG (Borsa Italiana, EUR) · GAGG (Euronext Paris, EUR) | |
| Xtrackers II ESG Global Aggregate Bond UCITS ETF 1DLU0942970103 · Xtrackers (DWS) · Luxembourg | 0.10% | Distributing ESGPhysical (sampled) | GBP 610mas of 2026-10-20 | 2014-03 | XBAG (SIX, USD)XBAG (Xetra, EUR) · XBAG (LSE, GBP, quoted in pence) · XBAG (Borsa Italiana, EUR) | |
| 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 | USD 375mshare class, as of 2026-09-30 | 2022-06 | AHYB (Xetra, USD) | |
| Vanguard Global Aggregate Bond UCITS ETF CHF Hedged AccumulatingIE00BG47KF31 · Vanguard · Ireland | 0.08% | Accumulating CHF-hedgedPhysical | CHF 5.3bnas of 2026-09-30 | 2021-09 | VAGX (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Vanguard Global Aggregate Bond UCITS ETF EUR Hedged AccumulatingIE00BG47KH54 · Vanguard · Ireland | 0.08% | Accumulating EUR-hedgedPhysical | EUR 5.6bnas of 2026-10-21 | 2019-06 | VAGF (Xetra, EUR) no USD listing, trades in EUR on XetraVAGF (Borsa Italiana, EUR) | |
| Vanguard Global Aggregate Bond UCITS ETF EUR Hedged DistributingIE00BG47KB92 · Vanguard · Ireland | 0.08% | Distributing EUR-hedgedPhysical | EUR 5.6bnas of 2026-10-21 | 2019-06 | VAGE (Xetra, EUR) no USD listing, trades in EUR on Xetra | |
| Vanguard Global Aggregate Bond UCITS ETF GBP Hedged AccumulatingIE00BG47K971 · Vanguard · Ireland | 0.08% | Accumulating GBP-hedgedPhysical | GBP 4.8bnas of 2026-10-21 | 2019-06 | VAGS (LSE, GBP) no USD listing, trades in GBP on LSE | |
| Vanguard Global Aggregate Bond UCITS ETF GBP Hedged DistributingIE00BG47KG48 · Vanguard · Ireland | 0.08% | Distributing GBP-hedgedPhysical | GBP 4.8bnas of 2026-10-21 | 2019-06 | VAGP (LSE, GBP) no USD listing, trades in GBP on LSE | |
| 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 | GBP 3.2bnas of 2026-09-30 | 2021-07 | AGHG (LSE, GBP, quoted in pence) no USD listing, trades in GBP on LSE | |
| iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)IE00BDBRDM35 · iShares · Ireland | 0.10% | Accumulating EUR-hedgedPhysical (sampled) | USD 14.3bnas of 2026-10-19 | 2017-11 | AGGH (SIX, EUR) no USD listing, trades in EUR on SIXEUNA (Xetra, EUR) · AGGH (Borsa Italiana, EUR) · AGGH (Euronext AMS, EUR) | |
| iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)IE00BF540Y54 · iShares · Ireland | 0.10% | Distributing GBP-hedgedPhysical (sampled) | USD 14.3bnas of 2026-10-19 | 2017-11 | AGBP (LSE, GBP) no USD listing, trades in GBP on LSE | |
| 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 | USD 11.7bnas of 2026-09-30 | 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 | USD 11.7bnas of 2026-09-30 | 2024-06 | HGAC (SIX, CHF) no USD listing, trades in CHF on SIX | |
| SPDR Bloomberg Global Aggregate Bond CHF Hedged UCITS ETF (Acc)IE00BF1QPK61 · SPDR (State Street) · Ireland | 0.10% | Accumulating CHF-hedgedPhysical (stratified sampling) | USD 4.9bnas of 2026-09-30 | 2018-04 | GLAC (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 | CHF 3.6bnas of 2026-10-19 | 2026-01 | GACHF (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Amundi Core Global Aggregate Bond UCITS ETF EUR Hedged AccLU1708330318 · Amundi · Luxembourg | 0.10% | Accumulating EUR-hedgedPhysical | EUR 3.8bnas of 2026-09-30 | 2017-10 | 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 3.8bnas of 2026-09-30 | n/a | 10AM (Xetra, EUR) no USD listing, trades in EUR on Xetra | |
| iShares Core Global Aggregate Bond UCITS ETF CHF Hedged (Acc)IE00BD1JRY91 · iShares · Ireland | 0.10% | Accumulating CHF-hedgedPhysical | CHF 981mshare class, as of 2026-10-23 | 2018-03 | AGGS (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR HedgedLU0942970798 · Xtrackers (DWS) · Luxembourg | 0.10% | Accumulating EUR-hedged ESGPhysical (sampled) | GBP 610mas of 2026-10-20 | 2014-03 | XBAE (Xetra, EUR) no USD listing, trades in EUR on XetraXBAE (Borsa Italiana, EUR) | |
| SPDR Bloomberg Global Aggregate Bond EUR Hedged UCITS ETF (Dist)IE00BF1QPL78 · SPDR (State Street) · Ireland | 0.10% | Distributing EUR-hedgedPhysical | EUR 658mshare class, as of 2026-09-30 | 2018-02 | SPFE (Xetra, EUR) no USD listing, trades in EUR on XetraGLAE (Borsa Italiana, EUR) | |
| 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 330mshare class, as of 2026-09-30 | 2022-03 | AHYD (Xetra, EUR) no USD listing, trades in EUR on Xetra |
15% · Inflation-linked government bonds
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| iShares $ TIPS UCITS ETFIE00B1FZSC47 · iShares · Ireland | 0.10% | AccumulatingPhysical (sampled) | USD 3.7bnshare class, as of 2026-10-23 | 2006-12 | IDTP (LSE, USD)ITPS (SIX, USD) · IUST (Xetra, EUR) · ITPS (LSE, GBP) · ITPS (Borsa Italiana, EUR) · TPSA (Euronext AMS, EUR) | |
| iShares Global Inflation Linked Govt Bond UCITS ETFIE00B3B8PX14 · iShares · Ireland | 0.20% | AccumulatingPhysical (sampled) | USD 519mshare class, as of 2026-10-23 | 2008-08 | IGIL (LSE, USD)IGIL (SIX, USD) · IUS5 (Xetra, EUR) · SGIL (LSE, GBP) | |
| iShares EUR Inflation Linked Govt Bond UCITS ETFIE00B0M62X26 · iShares · Ireland | 0.09% | AccumulatingPhysical (sampled) | EUR 1.8bnshare class, as of 2026-10-23 | 2005-11 | IBCI (LSE, GBP) no USD listing, trades in GBP on LSEIBCI (SIX, CHF) · IBCI (Xetra, EUR) · IBCI (Borsa Italiana, EUR) · IBCI (Euronext AMS, EUR) | |
| iShares £ Index-Linked Gilts UCITS ETFIE00B1FZSD53 · iShares · Ireland | 0.10% | DistributingPhysical (sampled) | GBP 461mshare class, as of 2026-10-23 | 2006-12 | INXG (LSE, GBP) no USD listing, trades in GBP on LSEINXG (Borsa Italiana, EUR) | |
| UBS Bloomberg TIPS 1-10 UCITS ETF (hedged to CHF) A-accLU1459802168 · UBS · Luxembourg | 0.11% | Accumulating CHF-hedgedPhysical | CHF 1.5bnas of 2026-09-30 | 2016-09 | TIP1S (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF 1C EUR HedgedLU0290357929 · Xtrackers (DWS) · Luxembourg | 0.25% | Accumulating EUR-hedgedPhysical | GBP 835mas of 2026-10-23 | 2007-06 | XGIN (Xetra, EUR) no USD listing, trades in EUR on XetraXGIN (Borsa Italiana, EUR) | |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF 4D CHF HedgedLU0641007421 · Xtrackers (DWS) · Luxembourg | 0.25% | Distributing CHF-hedgedPhysical | GBP 835mas of 2026-10-23 | 2012-08 | XG7G (SIX, CHF) no USD listing, trades in CHF on SIX |
10% · Physical gold (ETC or Swiss gold ETF)
| # | ETF | TER | Type | Fund 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 | USD 38.5bnas of 2026-10-19 | 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) | USD 29.6bnas of 2026-09-30 | 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 | USD 13.0bnas of 2026-09-30 | 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 | USD 5.9bnas of 2026-09-30 | 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 | CHF 2.5bnas of 2026-09-30 | 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 870mas of 2026-09-30 | 2010-01 | AUEUAH (SIX, EUR) no USD listing, trades in EUR on SIX |
5% · Broad commodities
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETFIE00BD6FTQ80 · Invesco · IrelandPlus a swap fee of 0.15% p.a. charged directly to the fund (per factsheet). Dividend treatment shown as N/A on factsheet (no income; accumulating). | 0.19% | AccumulatingSynthetic (swap) | USD 4.7bnas of 2026-09-30 | 2017-01 | CMOD (LSE, USD)CMOP (LSE, GBP, quoted in pence) · CMOD (Borsa Italiana, EUR) | |
| WisdomTree Broad Commodities UCITS ETF - USD AccIE00BKY4W127 · WisdomTree · IrelandTracks the Bloomberg Commodity Total Return Index; precious metals held through physical ETCs, the rest via total return swaps. Product page: https://www.wisdomtree.com/de/products/commodities/wisdomtree-broad-commodities-ucits-etf---usd-acc | 0.19% | AccumulatingSynthetic (swap) + physical precious-metal ETCs | USD 458mas of 2026-10-23 | 2021-11 | PCOM (LSE, USD)PCOM (SIX, USD) · PCOM (Xetra, EUR) · COMX (LSE, GBP, quoted in pence) · PCOM (Borsa Italiana, EUR) · PCOM (Euronext Paris, EUR) | |
| L&G Longer Dated All Commodities UCITS ETF USD AccIE00B4WPHX27 · L&G · IrelandTracks the Bloomberg Commodity Index 3 Month Forward Total Return Index (unfunded swap). Inception is the listing date on the factsheet. Added for Euronext Amsterdam commodities coverage. | 0.30% | AccumulatingSynthetic (swap) | USD 976mas of 2026-09-30 | 2010-03 | COMF (LSE, USD)COMF (SIX, CHF) · ETL2 (Xetra, EUR) · CMFP (LSE, GBP) · COMF (Borsa Italiana, EUR) · COMF (Euronext AMS, EUR) | |
| UBS CMCI Composite SF UCITS ETF USD accIE00B53H0131 · UBS · Ireland | 0.34% | AccumulatingSynthetic (swap) | USD 2.5bnas of 2026-09-30 | 2010-12 | UC14 (LSE, USD)CCUSAS (SIX, USD) · UIQK (Xetra, EUR) · UC15 (LSE, GBP, quoted in pence) · CCUSAS (Borsa Italiana, EUR) | |
| UBS CMCI Composite SF UCITS ETF hCHF accIE00B58FQX63 · UBS · Ireland | 0.34% | Accumulating CHF-hedgedSynthetic (swap) | CHF 2.1bnas of 2026-09-30 | 2011-02 | CCCHA (SIX, CHF) no USD listing, trades in CHF on SIX | |
| iShares Diversified Commodity Swap UCITS ETF (DE)DE000A0H0728 · iShares · GermanyTracks the Bloomberg Commodity Euro Total Return Index via a total return swap. The iShares listing table shows Xetra EXXY, Borsa Italiana EXXY, Euronext Paris CMSE, Euronext Amsterdam EXXY (USD) and Berne. Added for Paris and Wiener Börse commodities coverage. | 0.46% | AccumulatingSynthetic (swap) | EUR 369mas of 2026-10-23 | 2007-08 | EXXY (Xetra, EUR) no USD listing, trades in EUR on XetraEXXY (Borsa Italiana, EUR) · CMSE (Euronext Paris, EUR) |
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.