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 IWO — iShares Russell 2000 Growth ETF
| Substitute | Correlation | Book overlap | Fee vs IWO | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IWM iShares Russell 2000 ETF | 0.972 | 25% | -5bp | $83.2B | different index | Compare |
| ISCG iShares Morningstar Small-Cap Growth ETF | 0.964 | 12% | -18bp | $1B | different index | Compare |
| VBK Vanguard Small Cap Growth Index Fund | 0.968 | 10% | -17bp | $17.7B | different index | Compare |
| IJT iShares S&P Small-Cap 600 Growth ETF | 0.901 | 28% | -6bp | $8.4B | different index | Compare |
| ESML iShares ESG Aware MSCI USA Small-Cap ETF | 0.933 | 4% | -7bp | $3B | different index | Compare |
| IJR iShares Core S&P Small-Cap ETF | 0.859 | 24% | -18bp | $113B | 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