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 CEMB | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 0.838 | — | -42bp | $27.2B | different index | Compare |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.827 | — | -1bp | $17.9B | different index | Compare |
| SPHY State Street SPDR Portfolio High Yield Bond ETF | 0.823 | — | -45bp | $11.9B | different index | Compare |
| JNK State Street SPDR Bloomberg High Yield Bond ETF | 0.823 | — | -10bp | $6.8B | different index | Compare |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.810 | — | -40bp | $4B | different index | Compare |
| VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.808 | — | -38bp | $634M | 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 2,133 funds. Latest price/flow record dates: 2024-08-23 to 2026-10-02 (1,104 funds with dated records). Fund details retrieved: 2026-09-02 to 2026-10-05. Data dates vary by fund; these are not live quotes. Flow totals include available records only; missing coverage is not evidence of zero flow.