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 SPMO — Invesco S&P 500 Momentum ETF
| Substitute | Correlation | Book overlap | Fee vs SPMO | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| MTUM iShares MSCI USA Momentum Factor ETF | 0.969 | 59% | +2bp | $26.2B | different index | Compare |
| ILCG iShares Morningstar Growth ETF | 0.872 | 41% | -9bp | $3.3B | different index | Compare |
| IUSG iShares Core S&P U.S. Growth ETF | 0.843 | 43% | -9bp | $33.8B | different index | Compare |
| VLUE iShares MSCI USA Value Factor ETF | 0.824 | 17% | +2bp | $9.9B | different index | Compare |
| IVW iShares S&P 500 Growth ETF | 0.842 | 44% | +5bp | $77.4B | same index — avoid | 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