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 SCZ | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 0.983 | 4% | -17bp | $682M | different index | Compare |
| SCHC Schwab International Small-Cap Equity ETF | 0.927 | — | -29bp | $4.3B | different index | Compare |
| GWX SPDR S&P International Small Cap ETF | 0.917 | 2% | same | $927M | different index | Compare |
| FENI Fidelity Enhanced International ETF | 0.922 | — | -12bp | $1.7B | different index | Compare |
| IEUR iShares Core MSCI Europe ETF | 0.906 | 2% | -29bp | $9.1B | different index | Compare |
| VGK Vanguard European Stock Index Fund | 0.898 | 2% | -29bp | $20.6B | 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.