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 JNK — SPDR Bloomberg High Yield Bond ETF
| Substitute | Correlation | Book overlap | Fee vs JNK | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.820 | — | -1bp | $14.8B | different index | Compare |
| VWOB Vanguard Emerging Markets Government Bond Index Fund | 0.818 | — | -20bp | $5.3B | different index | Compare |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.978 | — | +9bp | $17.9B | different index | Compare |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 0.811 | — | +10bp | $640M | 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