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 HEEM | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| SPEM SPDR Portfolio Emerging Markets ETF | 0.916 | — | -63bp | $17.9B | different index | Compare |
| VSGX Vanguard ESG International Stock ETF | 0.891 | — | -58bp | $4B | different index | Compare |
| CWI State Street SPDR MSCI ACWI ex-US ETF | 0.877 | — | -40bp | $2.8B | different index | Compare |
| VXUS Vanguard Total International Stock ETF | 0.875 | — | -63bp | $76.3B | different index | Compare |
| EWX State Street SPDR S&P Emerging Markets Small Cap ETF | 0.849 | — | -5bp | $677M | different index | Compare |
| DGS WisdomTree Emerging Market SmallCap Fund | 0.844 | — | -12bp | $2.3B | 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.