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 FFSM — Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF
| Substitute | Correlation | Book overlap | Fee vs FFSM | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IJK iShares S&P Mid-Cap 400 Growth ETF | 0.951 | — | -26bp | $11.3B | different index | Compare |
| IJH iShares Core S&P Mid-Cap ETF | 0.950 | — | -38bp | $128.4B | different index | Compare |
| ESML iShares ESG Aware MSCI USA Small-Cap ETF | 0.936 | — | -26bp | $3B | different index | Compare |
| VB Vanguard Small Cap Index Fund | 0.929 | — | -38bp | $58.9B | different index | Compare |
| SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.925 | — | -28bp | $4.3B | different index | Compare |
| ISCG iShares Morningstar Small-Cap Growth ETF | 0.922 | — | -37bp | $1B | 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