Tax-loss harvesting alternatives for ESS

Among the 6 Multi-Family Residential REITs peers screened, UDR (UDR, Inc.) has tracked ESS most closely over the past year, with a return correlation of 0.85. The strongest fund stand-in is REZ (iShares Residential & Multisector RE) at 0.71 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
UDR	UDR, Inc.	Multi-Family Residential REITs	0.85	0.87	0.88	0.90
VMRK	Vivmark Residential	Multi-Family Residential REITs	0.84	0.88	0.89	0.90
CPT	Camden Property Trust	Multi-Family Residential REITs	0.83	0.83	0.84	0.83
IRT	Independence Realty Trust	Multi-Family Residential REITs	0.73	0.78	0.77	0.73
NXRT	NexPoint Residential Trust, Inc.	Multi-Family Residential REITs	0.62	0.70	0.70	0.63
CSR	Centerspace Trust	Multi-Family Residential REITs	0.36	0.58	0.65	0.59

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
REZ	iShares Residential & Multisector RE	Residential REITs	SUB-IND	0.71	0.80	0.84	0.86
RWR	SPDR Dow Jones REIT ETF	REITs	SECTOR	0.64	0.76	0.81	0.83
IYR	iShares US Real Estate ETF	REITs	SECTOR	0.63	0.75	0.79	0.81
XLRE	Real Estate Select Sector SPDR	Real Estate Sector	SECTOR	0.63	0.74	0.79	0.80
USRT	iShares Core US REIT ETF	REITs	SECTOR	0.63	0.76	0.80	0.82
VNQ	Vanguard Real Estate ETF	REITs	SECTOR	0.62	0.74	0.79	0.81
SCHH	Schwab US REIT ETF	REITs	SECTOR	0.61	0.74	0.79	0.81
INDS	Pacer Industrial Real Estate ETF	Industrial REITs	SUB-IND	0.47	0.66	0.71	0.72
SRVR	Pacer Data & Infrastructure RE	Data Center & Tower REITs	SUB-IND	0.12	0.45	0.57	0.59
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.10	0.40	0.49	0.54
IVV	iShares Core S&P 500	S&P 500	BROAD	0.10	0.40	0.49	0.54
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.09	0.40	0.49	0.54

NEXT STEPS

Harvesting a loss in ESS?

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

Replacement research for ESS's peers

UDR VMRK CPT IRT NXRT CSR

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.