Tax-loss harvesting alternatives for HCI

Among the 24 Property & Casualty Insurance peers screened, MCY (Mercury General) has tracked HCI most closely over the past year, with a return correlation of 0.48. The strongest fund stand-in is IAK (iShares US Insurance ETF) at 0.51 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
MCY	Mercury General	Property & Casualty Insurance	0.48	0.28	0.23	0.26
ORI	Old Republic International	Property & Casualty Insurance	0.48	0.33	0.30	0.34
THG	Hanover Insurance	Property & Casualty Insurance	0.45	0.30	0.30	0.35
HIG	Hartford (The)	Property & Casualty Insurance	0.44	0.30	0.28	0.29
WRB	W. R. Berkley Corporation	Property & Casualty Insurance	0.41	0.29	0.23	0.27
CB	Chubb Limited	Property & Casualty Insurance	0.41	0.31	0.27	0.30
RLI	RLI Corp.	Property & Casualty Insurance	0.40	0.32	0.29	0.32
TRV	Travelers Companies	Property & Casualty Insurance	0.40	0.30	0.26	0.31
EIG	Employers Holdings, Inc.	Property & Casualty Insurance	0.40	0.28	0.28	0.33
KNSL	Kinsale Capital Group	Property & Casualty Insurance	0.40	0.25	0.23	0.25
UFCS	United Fire Group, Inc.	Property & Casualty Insurance	0.38	0.24	0.20	0.28
SIGI	Selective Insurance Group	Property & Casualty Insurance	0.38	0.24	0.23	0.32
CINF	Cincinnati Financial	Property & Casualty Insurance	0.38	0.28	0.27	0.27
PLMR	Palomar Holdings, Inc.	Property & Casualty Insurance	0.37	0.29	0.27	0.26
STC	Stewart Information Services Corporation	Property & Casualty Insurance	0.37	0.23	0.25	0.26
ALL	Allstate Corp.	Property & Casualty Insurance	0.36	0.30	0.25	0.29
ACGL	Arch Capital Group	Property & Casualty Insurance	0.35	0.29	0.28	0.31
PGR	Progressive Corp.	Property & Casualty Insurance	0.32	0.26	0.20	0.23
AMSF	Amerisafe, Inc.	Property & Casualty Insurance	0.30	0.23	0.24	0.31
FAF	First American Financial Corporation	Property & Casualty Insurance	0.29	0.21	0.25	0.27
FNF	Fidelity National Financial	Property & Casualty Insurance	0.26	0.21	0.25	0.27
SAFT	Safety Insurance Group, Inc.	Property & Casualty Insurance	0.25	0.20	0.21	0.29
RDN	Radian Group, Inc.	Property & Casualty Insurance	0.25	0.18	0.22	0.25
AGO	Assured Guaranty Ltd.	Property & Casualty Insurance	0.18	0.22	0.23	0.28

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
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.51	0.37	0.33	0.36
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.50	0.36	0.36	0.38
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.34	0.26	0.31	0.34
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.33	0.27	0.30	0.33
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.32	0.26	0.31	0.33
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.25	0.18	0.26	0.31
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.25	0.16	0.25	0.30
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.22	0.22	0.27	0.27
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.17	0.16	0.25	0.29
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.15	0.18	0.26	0.26
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.13	0.18	0.25	0.31
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.11	0.16	0.24	0.25

NEXT STEPS

Harvesting a loss in HCI?

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

Replacement research for HCI's peers

MCY ORI THG HIG WRB CB RLI TRV EIG KNSL UFCS SIGI CINF PLMR STC ALL ACGL PGR AMSF FAF FNF SAFT RDN AGO

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.