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 OMFS — Invesco Russell 2000 Dynamic Multifactor ETF
| Substitute | Correlation | Book overlap | Fee vs OMFS | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IWN iShares Russell 2000 Value ETF | 0.949 | — | -15bp | $14.7B | different index | Compare |
| IJR iShares Core S&P Small-Cap ETF | 0.946 | — | -33bp | $111.3B | different index | Compare |
| ESML iShares ESG Aware MSCI USA Small-Cap ETF | 0.938 | — | -22bp | $3B | different index | Compare |
| IJT iShares S&P Small-Cap 600 Growth ETF | 0.937 | — | -21bp | $8.4B | different index | Compare |
| SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.936 | — | -24bp | $4.3B | different index | Compare |
| VB Vanguard Small Cap Index Fund | 0.933 | — | -34bp | $58.9B | 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