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
Stand-ins for CWI — SPDR MSCI ACWI ex-US ETF
| Substitute | Correlation | Book overlap | Fee vs CWI | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| VEU Vanguard FTSE All-World ex-US Index Fund | 0.977 | 13% | -22bp | $40.1B | different index | Compare |
| VT Vanguard Total World Stock Index Fund | 0.934 | 3% | -23bp | $39.4B | different index | Compare |
| SPEM SPDR Portfolio Emerging Markets ETF | 0.922 | 3% | -23bp | $17.6B | different index | Compare |
| IEMG iShares Core MSCI Emerging Markets ETF | 0.922 | 1% | -21bp | $160.6B | different index | Compare |
| VSS Vanguard FTSE All-World ex-US Small Capital Index Fund | 0.920 | 0% | -23bp | $8.8B | different index | Compare |
| EMGF iShares MSCI Emerging Markets Multifactor ETF | 0.915 | 2% | -5bp | $1.9B | 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