Tax-loss harvesting alternatives for COPX

The closest fund alternative to COPX (Copper Miners) is XME (SPDR S&P Metals & Mining ETF), with a return correlation of 0.80 over the past year. Among single names in the fund's slice of the market, FCX (Freeport-McMoRan) tracks it most closely at 0.78 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
XME	SPDR S&P Metals & Mining ETF	Metals & Mining	INDUSTRY	0.80	0.76	0.78	0.77
GDX	VanEck Gold Miners ETF	Gold Miners	SUB-IND	0.78	0.69	0.66	0.49
IYM	iShares US Basic Materials ETF	Materials Sector	SECTOR	0.78	0.74	0.76	0.76
RING	iShares MSCI Global Gold Miners	Gold Miners	SUB-IND	0.78	0.69	0.65	0.50
SLX	VanEck Steel ETF	Steel	SUB-IND	0.77	0.72	0.75	0.78
FMAT	Fidelity MSCI Materials ETF	Materials Sector	SECTOR	0.71	0.68	0.70	0.72
VAW	Vanguard Materials ETF	Materials Sector	SECTOR	0.70	0.68	0.70	0.72
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.64	0.56	0.55	0.62
IVV	iShares Core S&P 500	S&P 500	BROAD	0.63	0.56	0.56	0.62
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.63	0.56	0.55	0.62
XLB	Materials Select Sector SPDR	Materials Sector	SECTOR	0.61	0.64	0.67	0.70
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.55	0.53	0.57	0.65

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
FCX	Freeport-McMoRan	Copper	0.78	0.84	0.85	0.82

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FCX

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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.