Tax-loss harvesting alternatives for CBT

Among the 4 Diversified Chemicals peers screened, ASH (Ashland Global) has tracked CBT most closely over the past year, with a return correlation of 0.42. The strongest fund stand-in is XLB (Materials Select Sector SPDR) at 0.48 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
ASH	Ashland Global	Diversified Chemicals	0.42	0.48	0.49	0.56
DD	DuPont de Nemours	Diversified Chemicals	0.34	0.46	0.54	0.59
OLN	Olin Corporation	Diversified Chemicals	0.34	0.49	0.53	0.57
CC	Chemours	Diversified Chemicals	0.26	0.41	0.50	0.56

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
XLB	Materials Select Sector SPDR	Materials Sector	SECTOR	0.48	0.59	0.67	0.72
VAW	Vanguard Materials ETF	Materials Sector	SECTOR	0.45	0.59	0.68	0.74
FMAT	Fidelity MSCI Materials ETF	Materials Sector	SECTOR	0.45	0.60	0.68	0.74
IYM	iShares US Basic Materials ETF	Materials Sector	SECTOR	0.37	0.54	0.64	0.72
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.35	0.54	0.64	0.74
SLX	VanEck Steel ETF	Steel	SUB-IND	0.31	0.48	0.56	0.64
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.23	0.42	0.54	0.61
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.23	0.42	0.54	0.61
XME	SPDR S&P Metals & Mining ETF	Metals & Mining	INDUSTRY	0.18	0.38	0.51	0.61
COPX	Global X Copper Miners ETF	Copper Miners	SUB-IND	0.17	0.28	0.40	0.51
RING	iShares MSCI Global Gold Miners	Gold Miners	SUB-IND	0.17	0.17	0.20	0.17
GDX	VanEck Gold Miners ETF	Gold Miners	SUB-IND	0.17	0.18	0.22	0.17

NEXT STEPS

Harvesting a loss in CBT?

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

Replacement research for CBT's peers

ASH DD OLN CC

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.