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Harvest
Tax-loss replacement research
FBRT
Franklin BSP Realty Trust, Inc.
Real EstateMortgage REITsMortgage REITs
8 stocks · 12 ETFs
data as of Aug 24, 2026
REPLACEMENT RESEARCH

Tax-loss harvesting alternatives for FBRT

Among the 8 Mortgage REITs peers screened, BXMT (Blackstone Mortgage Trust, Inc.) has tracked FBRT most closely over the past year, with a return correlation of 0.49. The strongest fund stand-in is INDS (Pacer Industrial Real Estate ETF) at 0.38 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

TickerNameSub-industry1Y3Y5Y10Y
BXMTBlackstone Mortgage Trust, Inc.Mortgage REITs0.490.650.66
STWDStarwood Property TrustMortgage REITs0.480.660.65
ADAMAdamas Trust, Inc.Mortgage REITs0.410.550.57
NLYAnnaly Capital ManagementMortgage REITs0.360.570.61
ABRArbor Realty TrustMortgage REITs0.360.480.50
RITMRithm CapitalMortgage REITs0.300.540.57
PMTPennyMac Mortgage Investment TrustMortgage REITs0.260.480.52
ARRArmour Residential REITMortgage REITs0.200.460.53
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.

TickerNameFocusMatch1Y3Y5Y10Y
INDSPacer Industrial Real Estate ETFIndustrial REITsSUB-IND0.380.490.49
VNQVanguard Real Estate ETFREITsSECTOR0.340.480.52
IYRiShares US Real Estate ETFREITsSECTOR0.340.480.51
RWRSPDR Dow Jones REIT ETFREITsSECTOR0.330.480.50
XLREReal Estate Select Sector SPDRReal Estate SectorSECTOR0.310.450.48
USRTiShares Core US REIT ETFREITsSECTOR0.310.470.51
SCHHSchwab US REIT ETFREITsSECTOR0.300.460.50
VOOVanguard S&P 500 ETFS&P 500BROAD0.280.390.45
SPYSPDR S&P 500 ETFS&P 500BROAD0.280.390.45
IVViShares Core S&P 500S&P 500BROAD0.280.390.45
REZiShares Residential & Multisector REResidential REITsSUB-IND0.260.420.46
SRVRPacer Data & Infrastructure REData Center & Tower REITsSUB-IND0.140.330.43
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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.