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 UBT | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| TMF Direxion Daily 20-Yr Treasury Bull 3x Shrs | 0.976 | — | -95bp | $2B | different index | Compare |
| TLT iShares 20+ Year Treasury Bond ETF | 0.966 | — | -80bp | $48.2B | different index | Compare |
| SCHQ Schwab Long-Term U.S. Treasury ETF | 0.963 | — | -92bp | $854M | different index | Compare |
| SPTL State Street SPDR Portfolio Long Term Treasury ETF | 0.963 | — | -92bp | $10.9B | different index | Compare |
| VGLT Vanguard Long-Term Treasury ETF | 0.963 | — | -91bp | $14B | different index | Compare |
| EDV Vanguard Extended Duration Treasury Index Fund | 0.954 | — | -89bp | $3.8B | 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 2026-10-22 (1,065 funds with dated records). Fund details retrieved: 2026-09-25 to 2026-10-24. Data dates vary by fund; these are not live quotes. Flow totals include available records only; missing coverage is not evidence of zero flow.