Tax-Loss Harvest Finder
Sell the loss, keep the exposure. For any fund, ranked stand-ins that track the same market — scored on a year of price correlation, holdings overlap, and fee — with a flag when two funds follow the same index and a swap could look substantially identical.
Correlation computed on ~250 shared sessions per pair · not tax advice — the flag is a heuristic, your compliance desk has the final word
Stand-ins for DWAS — Invesco DWA SmallCap Momentum ETF
| Substitute | Correlation | Book overlap | Fee vs DWAS | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IWM iShares Russell 2000 ETF | 0.894 | 9% | -41bp | $83.2B | different index | Compare |
| VBK Vanguard Small Cap Growth Index Fund | 0.893 | 6% | -53bp | $17.7B | different index | Compare |
| ISCG iShares Morningstar Small-Cap Growth ETF | 0.881 | 8% | -54bp | $1B | different index | Compare |
| IJT iShares S&P Small-Cap 600 Growth ETF | 0.838 | 19% | -42bp | $8.4B | different index | Compare |
| IJK iShares S&P Mid-Cap 400 Growth ETF | 0.843 | 5% | -43bp | $11.3B | different index | Compare |
| VB Vanguard Small Cap Index Fund | 0.831 | 1% | -55bp | $58.9B | different index | Compare |
RANKED BY CORRELATION, FEE, AND OVERLAP · “SAME INDEX” PAIRS ARE FLAGGED BECAUSE THE IRS HAS NEVER DEFINED “SUBSTANTIALLY IDENTICAL” — MOST DESKS TREAT SAME-INDEX SWAPS AS OFF-LIMITS AND DIFFERENT-INDEX SWAPS AS DEFENSIBLE