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 FTA — FIRST TRUST LARGE CAP VALUE ALPHADEX FUND
| Substitute | Correlation | Book overlap | Fee vs FTA | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IUSV iShares Core S&P U.S. Value ETF | 0.837 | — | +4bp | $28.1B | different index | Compare |
| VOE Vanguard Mid-Cap Value Index Fund | 0.896 | — | +7bp | $17.5B | different index | Compare |
| ISCV iShares Morningstar Small-Cap Value ETF | 0.850 | — | +6bp | $712M | different index | Compare |
| VBR Vanguard Small Cap Value Index Fund | 0.834 | — | +7bp | $30.1B | different index | Compare |
| IVE iShares S&P 500 Value ETF | 0.831 | — | +18bp | $50.4B | different index | Compare |
| IJJ iShares S&P Mid-Cap 400 Value ETF | 0.825 | — | +18bp | $9.1B | 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