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Tax-loss replacement research
BROS
Dutch Bros Inc.
Consumer DiscretionaryHotels, Restaurants & LeisureRestaurants
17 stocks · 12 ETFs
data as of Aug 24, 2026
REPLACEMENT RESEARCH

Tax-loss harvesting alternatives for BROS

Among the 17 Restaurants peers screened, SHAK (Shake Shack, Inc.) has tracked BROS most closely over the past year, with a return correlation of 0.52. The strongest fund stand-in is PEJ (Invesco Leisure & Entertainment) at 0.53 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

TickerNameSub-industry1Y3Y5Y10Y
SHAKShake Shack, Inc.Restaurants0.520.370.40
CAVACava GroupRestaurants0.510.410.38
WINGWingstop Inc.Restaurants0.420.330.34
CMGChipotle Mexican GrillRestaurants0.410.330.36
BJRIBJ's Restaurants, Inc.Restaurants0.390.280.32
EATBrinker International, Inc.Restaurants0.380.290.30
CAKEThe Cheesecake Factory, Inc.Restaurants0.370.290.32
SBUXStarbucks Corp.Restaurants0.340.290.31
CBRLCracker BarrelRestaurants0.320.240.26
TXRHTexas RoadhouseRestaurants0.290.290.33
DRIDarden RestaurantsRestaurants0.270.230.27
PZZAPapa John's PizzaRestaurants0.260.270.29
WENThe Wendy's CompanyRestaurants0.220.170.19
QSRRestaurant Brands IntlRestaurants0.220.150.21
MCDMcDonald's Corp.Restaurants0.160.110.14
DPZDomino's PizzaRestaurants0.110.200.26
YUMYum! BrandsRestaurants0.110.160.20
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.

TickerNameFocusMatch1Y3Y5Y10Y
PEJInvesco Leisure & EntertainmentLeisure & EntertainmentINDUSTRY0.530.470.44
XRTSPDR S&P Retail ETFRetailINDUSTRY0.490.400.42
IYCiShares US Consumer DiscretionaryCons Discretionary SectorSECTOR0.450.440.46
VCRVanguard Consumer DiscretionaryCons Discretionary SectorSECTOR0.420.420.45
FDISFidelity MSCI Consumer DiscretionaryCons Discretionary SectorSECTOR0.410.420.45
BETZRoundhill Sports Betting iGamingSports BettingSUB-IND0.380.390.42
XHBSPDR S&P Homebuilders ETFHomebuildersSUB-IND0.370.300.34
XLYConsumer Discretionary SPDRCons Discretionary SectorSECTOR0.370.400.43
RTHVanEck Retail ETFRetailINDUSTRY0.350.360.40
ITBiShares US Home ConstructionHomebuildersSUB-IND0.350.260.31
CARZFirst Trust S-Network EV & FVAutos & EVsINDUSTRY0.250.320.34
DRIVGlobal X Autonomous & EV ETFAutonomous & EVINDUSTRY0.230.330.38
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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.