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 VFMO | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| MTUM iShares MSCI USA Momentum Factor ETF | 0.902 | 35% | +2bp | $20.5B | different index | Compare |
| VBK Vanguard Small Cap Growth Index Fund | 0.918 | 12% | -6bp | $17.7B | different index | Compare |
| VTWG Vanguard Russell 2000 Growth ETF | 0.923 | 7% | +2bp | $1B | different index | Compare |
| NULG Nuveen ESG Large-Cap Growth ETF | 0.821 | 11% | -13bp | $1.5B | different index | Compare |
| QGRO American Century U.S. Quality Growth ETF | 0.814 | — | -13bp | $859M | different index | Compare |
| JVAL JPMorgan U.S. Value Factor ETF | 0.810 | — | -1bp | $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
Cached coverage for 2,091 funds. Latest price/flow record dates: 2024-08-23 to 2026-10-05 (1,063 funds with dated records). Fund details retrieved: 2026-09-25 to 2026-10-07. Data dates vary by fund; these are not live quotes. Flow totals include available records only; missing coverage is not evidence of zero flow.