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
| Substitute | Correlation | Book overlap | Fee vs CZA | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| VBR Vanguard Small Cap Value Index Fund | 0.913 | 11% | -65bp | $30.1B | different index | Compare |
| VOE Vanguard Mid-Cap Value Index Fund | 0.895 | 10% | -65bp | $17.5B | different index | Compare |
| IVOV Vanguard S&P Mid-Cap 400 Value ETF | 0.893 | 10% | -57bp | $923M | different index | Compare |
| MDYV State Street SPDR S&P 400 Mid Cap Value ETF | 0.887 | 10% | -57bp | $2.7B | different index | Compare |
| DON WisdomTree U.S. MidCap Dividend Fund | 0.915 | — | -34bp | $3.7B | different index | Compare |
| RWJ Invesco S&P SmallCap 600 Revenue ETF | 0.840 | 0% | -33bp | $2B | 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
Cached coverage for 2,093 funds. Latest price/flow record dates: 2024-08-23 to 2026-10-26 (1,065 funds with dated records). Fund details retrieved: 2026-09-25 to 2026-10-28. Data dates vary by fund; these are not live quotes. Flow totals include available records only; missing coverage is not evidence of zero flow.