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 EWJ — iShares MSCI Japan ETF
| Substitute | Correlation | Book overlap | Fee vs EWJ | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| EFG iShares MSCI EAFE Growth ETF | 0.877 | 17% | -14bp | $17B | different index | Compare |
| EFA iShares MSCI EAFE ETF | 0.874 | 9% | -15bp | $80B | different index | Compare |
| VEU Vanguard FTSE All-World ex-US Index Fund | 0.867 | — | -42bp | $40.1B | different index | Compare |
| EXI iShares Global Industrials ETF | 0.813 | 13% | -8bp | $1.5B | different index | Compare |
| GWX SPDR S&P International Small Cap ETF | 0.819 | — | -10bp | $918M | different index | Compare |
| VT Vanguard Total World Stock Index Fund | 0.817 | — | -43bp | $39.4B | 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