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 UPV — ProShares Ultra FTSE Europe
| Substitute | Correlation | Book overlap | Fee vs UPV | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| VGK Vanguard European Stock Index Fund | 0.991 | — | -84bp | $20.6B | different index | Compare |
| IEV iShares Europe ETF | 0.981 | — | -28bp | $1.7B | different index | Compare |
| EFA iShares MSCI EAFE ETF | 0.960 | — | -60bp | $80B | different index | Compare |
| EFG iShares MSCI EAFE Growth ETF | 0.934 | — | -59bp | $17B | different index | Compare |
| VYMI Vanguard International High Dividend Yield Fund | 0.933 | — | -73bp | $7.9B | different index | Compare |
| EFV iShares MSCI EAFE Value ETF | 0.915 | — | -61bp | $31.4B | 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