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 LDEM — iShares ESG MSCI EM Leaders ETF
| Substitute | Correlation | Book overlap | Fee vs LDEM | Assets | Wash-sale read | |
|---|---|---|---|---|---|---|
| IEMG iShares Core MSCI Emerging Markets ETF | 0.956 | 8% | -8bp | $160.6B | different index | Compare |
| SPEM SPDR Portfolio Emerging Markets ETF | 0.952 | 4% | -10bp | $17.6B | different index | Compare |
| VWO Vanguard Emerging Markets Stock Index Fund | 0.946 | — | -9bp | $79.1B | different index | Compare |
| QAI IQ HEDGE MULTI-STRATEGY TRACKER ETF | 0.845 | — | -17bp | $575M | different index | Compare |
| EEM iShares MSCI Emerging Markets ETF | 0.955 | 12% | +53bp | $30.5B | 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