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 PWB — Invesco Dynamic Large Cap Growth ETF
| Substitute | Correlation | Book overlap | Fee vs PWB | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| MTUM iShares MSCI USA Momentum Factor ETF | 0.957 | 42% | -41bp | $26.2B | different index | Compare |
| ILCG iShares Morningstar Growth ETF | 0.914 | 38% | -52bp | $3.3B | different index | Compare |
| IUSG iShares Core S&P U.S. Growth ETF | 0.885 | 36% | -52bp | $33.8B | different index | Compare |
| IVW iShares S&P 500 Growth ETF | 0.882 | 37% | -38bp | $77.4B | different index | Compare |
| SPY SPDR S&P 500 ETF Trust | 0.842 | 31% | -47bp | $818.3B | different index | Compare |
| VTI Vanguard Total Stock Market Index Fund | 0.843 | 30% | -53bp | $428.1B | 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