Tax-loss harvesting alternatives for EEFT

Among the 18 Transaction & Payment Processing Services peers screened, GPN (Global Payments) has tracked EEFT most closely over the past year, with a return correlation of 0.57. The strongest fund stand-in is IPAY (ETFMG Prime Mobile Payments) at 0.63 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
GPN	Global Payments	Transaction & Payment Processing Services	0.57	0.54	0.55	0.58
FIS	Fidelity National Info	Transaction & Payment Processing Services	0.53	0.47	0.48	0.51
FOUR	Shift4	Transaction & Payment Processing Services	0.52	0.48	0.48	0.45
TOST	Toast, Inc.	Transaction & Payment Processing Services	0.49	0.43	0.40	—
WU	Western Union	Transaction & Payment Processing Services	0.46	0.48	0.47	0.47
CPAY	Corpay	Transaction & Payment Processing Services	0.46	0.51	0.56	0.57
WEX	WEX Inc.	Transaction & Payment Processing Services	0.45	0.49	0.54	0.60
JKHY	Jack Henry & Associates	Transaction & Payment Processing Services	0.45	0.43	0.42	0.37
EVTC	EVERTEC, Inc.	Transaction & Payment Processing Services	0.41	0.45	0.46	0.47
MA	Mastercard Inc.	Transaction & Payment Processing Services	0.41	0.46	0.53	0.57
PYPL	PayPal Holdings	Transaction & Payment Processing Services	0.40	0.47	0.45	0.42
FISV	Fiserv	Transaction & Payment Processing Services	0.38	0.34	0.39	0.47
V	Visa Inc.	Transaction & Payment Processing Services	0.38	0.46	0.50	0.57
XYZ	Block Inc. (Square)	Transaction & Payment Processing Services	0.37	0.42	0.42	0.40
RELY	Remitly	Transaction & Payment Processing Services	0.35	0.27	0.28	—
SEZL	Sezzle	Transaction & Payment Processing Services	0.32	0.22	—	—
NATL	NCR Atleos	Transaction & Payment Processing Services	0.29	0.37	—	—
PAYO	Payoneer Global Inc.	Transaction & Payment Processing Services	0.28	0.33	0.31	—

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
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.63	0.66	0.65	0.67
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.46	0.56	0.56	0.57
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.43	0.54	0.57	0.58
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.43	0.55	0.58	0.59
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.38	0.47	0.50	0.56
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.37	0.52	0.56	0.60
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.35	0.48	0.50	0.54
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.34	0.46	0.47	0.46
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.32	0.46	0.47	0.52
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.28	0.39	0.43	0.52
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.28	0.46	0.52	0.55
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.27	0.45	0.50	0.54

NEXT STEPS

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Replacement research for EEFT's peers

GPN FIS FOUR TOST WU CPAY WEX JKHY EVTC MA PYPL FISV V XYZ RELY SEZL NATL PAYO

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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.