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 HSCZ — iShares Currency Hedged MSCI EAFE Small-Cap ETF
| Substitute | Correlation | Book overlap | Fee vs HSCZ | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| VSS Vanguard FTSE All-World ex-US Small Capital Index Fund | 0.804 | — | -35bp | $8.8B | different index | Compare |
| HEZU iShares Currency Hedged MSCI Eurozone ETF | 0.804 | — | +11bp | $590M | 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