Tax-loss harvesting alternatives for CAR

Among the 19 Passenger Ground Transportation peers screened, ODFL (Old Dominion Freight) has tracked CAR most closely over the past year, with a return correlation of 0.15. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.46 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
ODFL	Old Dominion Freight	Trucking	0.15	0.27	0.28	0.31
SAIA	Saia Inc.	Trucking	0.14	0.20	0.25	0.28
RXO	RXO, Inc.	Cargo Ground Transportation	0.14	0.25	0.25	—
SNDR	Schneider National	Cargo Ground Transportation	0.12	0.22	0.21	0.24
LSTR	Landstar System	Cargo Ground Transportation	0.11	0.23	0.23	0.27
ARCB	ArcBest Corp.	Cargo Ground Transportation	0.11	0.29	0.33	0.31
HTLD	Heartland Express, Inc.	Cargo Ground Transportation	0.10	0.22	0.21	0.25
MRTN	Marten Transport, Ltd.	Cargo Ground Transportation	0.10	0.24	0.23	0.26
LYFT	Lyft Inc.	Ground Transportation	0.09	0.21	0.21	0.33
WERN	Werner Enterprises	Cargo Ground Transportation	0.08	0.21	0.21	0.23
UBER	Uber Technologies	Ground Transportation	0.08	0.21	0.21	0.32
JBHT	J.B. Hunt Transport	Trucking	0.08	0.21	0.22	0.27
KNX	Knight-Swift	Cargo Ground Transportation	0.07	0.22	0.22	0.24
R	Ryder	Cargo Ground Transportation	0.05	0.23	0.24	0.34
CP	Canadian Pacific Kansas City	Railroads	-0.00	0.18	0.20	0.28
CSX	CSX Corp.	Railroads	-0.06	0.17	0.20	0.30
NSC	Norfolk Southern	Railroads	-0.09	0.17	0.18	0.31
UNP	Union Pacific	Railroads	-0.12	0.11	0.17	0.31
FDXF	FedEx Freight	Cargo Ground Transportation	—	—	—	—

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
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.46	0.51	0.50	0.58
JETS	US Global Jets ETF	Airlines	SUB-IND	0.19	0.33	0.33	0.47
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.17	0.36	0.37	0.48
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.14	0.26	0.28	0.40
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.13	0.25	0.26	0.39
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.12	0.33	0.34	0.44
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.10	0.22	0.24	0.39
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.10	0.32	0.34	0.45
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.09	0.31	0.34	0.44
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.09	0.32	0.34	0.46
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.08	0.29	0.32	0.43
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.04	0.25	0.28	0.35

NEXT STEPS

Harvesting a loss in CAR?

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Replacement research for CAR's peers

ODFL SAIA RXO SNDR LSTR ARCB HTLD MRTN LYFT WERN UBER JBHT KNX R CP CSX NSC UNP FDXF

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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.