Tax-loss harvesting alternatives for CAKE

Among the 17 Restaurants peers screened, DRI (Darden Restaurants) has tracked CAKE most closely over the past year, with a return correlation of 0.56. The strongest fund stand-in is XRT (SPDR S&P Retail ETF) at 0.41 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
DRI	Darden Restaurants	Restaurants	0.56	0.56	0.64	0.61
BJRI	BJ's Restaurants, Inc.	Restaurants	0.56	0.61	0.71	0.66
TXRH	Texas Roadhouse	Restaurants	0.53	0.58	0.67	0.61
EAT	Brinker International, Inc.	Restaurants	0.51	0.60	0.67	0.65
CBRL	Cracker Barrel	Restaurants	0.47	0.56	0.60	0.59
WING	Wingstop Inc.	Restaurants	0.41	0.33	0.38	0.28
CAVA	Cava Group	Restaurants	0.41	0.39	0.38	—
CMG	Chipotle Mexican Grill	Restaurants	0.41	0.31	0.37	0.27
SBUX	Starbucks Corp.	Restaurants	0.37	0.32	0.38	0.42
BROS	Dutch Bros Inc.	Restaurants	0.37	0.29	0.32	—
SHAK	Shake Shack, Inc.	Restaurants	0.34	0.45	0.52	0.51
QSR	Restaurant Brands Intl	Restaurants	0.25	0.28	0.34	0.36
DPZ	Domino's Pizza	Restaurants	0.23	0.29	0.30	0.21
MCD	McDonald's Corp.	Restaurants	0.20	0.21	0.26	0.34
WEN	The Wendy's Company	Restaurants	0.18	0.24	0.32	0.32
YUM	Yum! Brands	Restaurants	0.18	0.19	0.28	0.38
PZZA	Papa John's Pizza	Restaurants	0.16	0.26	0.30	0.22

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
XRT	SPDR S&P Retail ETF	Retail	INDUSTRY	0.41	0.55	0.59	0.58
PEJ	Invesco Leisure & Entertainment	Leisure & Entertainment	INDUSTRY	0.40	0.56	0.63	0.60
IYC	iShares US Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.31	0.47	0.55	0.53
ITB	iShares US Home Construction	Homebuilders	SUB-IND	0.29	0.38	0.46	0.46
VCR	Vanguard Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.28	0.46	0.53	0.51
XHB	SPDR S&P Homebuilders ETF	Homebuilders	SUB-IND	0.28	0.41	0.49	0.50
FDIS	Fidelity MSCI Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.28	0.45	0.53	0.50
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.28	0.40	0.46	0.44
XLY	Consumer Discretionary SPDR	Cons Discretionary Sector	SECTOR	0.24	0.42	0.50	0.49
BETZ	Roundhill Sports Betting iGaming	Sports Betting	SUB-IND	0.22	0.39	0.49	0.45
DRIV	Global X Autonomous & EV ETF	Autonomous & EV	INDUSTRY	0.11	0.32	0.42	0.45
CARZ	First Trust S-Network EV & FV	Autos & EVs	INDUSTRY	0.10	0.28	0.38	0.40

NEXT STEPS

Harvesting a loss in CAKE?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for CAKE's peers

DRI BJRI TXRH EAT CBRL WING CAVA CMG SBUX BROS SHAK QSR DPZ MCD WEN YUM PZZA

Browse all tickers →

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.