Tax-loss harvesting alternatives for ATI

Among the 25 Aerospace & Defense peers screened, HWM (Howmet Aerospace) has tracked ATI most closely over the past year, with a return correlation of 0.64. The strongest fund stand-in is FIDU (Fidelity MSCI Industrials ETF) at 0.67 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
HWM	Howmet Aerospace	Aerospace & Defense	0.64	0.60	0.60	0.58
CW	Curtiss-Wright	Aerospace & Defense	0.62	0.53	0.50	0.55
VSEC	VSE Corporation	Aerospace & Defense	0.60	0.42	0.42	0.40
AIR	AAR Corp.	Aerospace & Defense	0.57	0.49	0.52	0.54
HXL	Hexcel	Aerospace & Defense	0.57	0.52	0.51	0.55
BWXT	BWX Technologies	Aerospace & Defense	0.55	0.41	0.39	0.36
MOG-A	Moog Inc.	Aerospace & Defense	0.53	0.55	0.50	0.56
SARO	StandardAero	Aerospace & Defense	0.50	0.48	—	—
TXT	Textron	Aerospace & Defense	0.38	0.40	0.45	0.55
KTOS	Kratos Defense & Security Solutions	Aerospace & Defense	0.36	0.34	0.33	0.34
RTX	RTX Corp.	Aerospace & Defense	0.36	0.34	0.38	0.50
KRMN	Karman Holdings	Aerospace & Defense	0.32	—	—	—
BA	Boeing Co.	Aerospace & Defense	0.32	0.38	0.40	0.49
LHX	L3Harris Technologies	Aerospace & Defense	0.28	0.25	0.26	0.33
TDG	TransDigm Group	Aerospace & Defense	0.27	0.33	0.40	0.45
HII	Huntington Ingalls Industries	Aerospace & Defense	0.27	0.23	0.29	0.36
NPK	National Presto Industries, Inc.	Aerospace & Defense	0.24	0.25	0.30	0.30
VVX	V2X, Inc.	Aerospace & Defense	0.24	0.24	0.27	0.30
GD	General Dynamics	Aerospace & Defense	0.20	0.24	0.32	0.44
PSN	Parsons Corporation	Aerospace & Defense	0.19	0.19	0.24	0.33
AVAV	AeroVironment	Aerospace & Defense	0.18	0.23	0.23	0.26
NOC	Northrop Grumman	Aerospace & Defense	0.18	0.12	0.16	0.25
LMT	Lockheed Martin	Aerospace & Defense	0.15	0.11	0.18	0.29
AXON	Axon Enterprise	Aerospace & Defense	0.06	0.19	0.19	0.23
HONA	Honeywell Aerospace	Aerospace & Defense	—	—	—	—

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.67	0.61	0.59	0.63
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.67	0.61	0.60	0.63
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.67	0.62	0.61	0.67
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.65	0.60	0.59	0.61
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.65	0.62	0.60	0.62
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.62	0.59	0.58	0.62
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.61	0.60	0.59	0.61
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.59	0.57	0.55	0.59
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.49	0.51	0.46	0.47
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.41	0.45	0.47	0.54
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.40	0.47	0.48	0.54
JETS	US Global Jets ETF	Airlines	SUB-IND	0.40	0.45	0.47	0.51

NEXT STEPS

Harvesting a loss in ATI?

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Replacement research for ATI's peers

HWM CW VSEC AIR HXL BWXT MOG-A SARO TXT KTOS RTX KRMN BA LHX TDG HII NPK VVX GD PSN AVAV NOC LMT AXON HONA

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.