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 FTXL — FIRST TRUST NASDAQ SEMICONDUCTOR ETF
| Substitute | Correlation | Book overlap | Fee vs FTXL | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| XLK Technology Select Sector SPDR Fund | 0.888 | — | +9bp | $124.1B | different index | Compare |
| IEMG iShares Core MSCI Emerging Markets ETF | 0.811 | — | +9bp | $160.6B | different index | Compare |
| QQQ Invesco QQQ Trust | 0.862 | — | +20bp | $498.5B | different index | Compare |
| EMGF iShares MSCI Emerging Markets Multifactor ETF | 0.815 | — | +25bp | $1.9B | different index | Compare |
| ESGE iShares ESG Aware MSCI EM ETF | 0.813 | — | +25bp | $6.9B | different index | Compare |
| SOXX iShares Semiconductor ETF | 0.989 | — | +35bp | $44B | 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