HOOD
Robinhood Markets
Financials›Capital Markets›Investment Banking & Brokerage
13 stocks · 12 ETFs
data as of Oct 8, 2026
REPLACEMENT RESEARCH
Tax-loss harvesting alternatives for HOOD
Among the 13 Investment Banking & Brokerage peers screened, IBKR (Interactive Brokers) has tracked HOOD most closely over the past year, with a return correlation of 0.68. The strongest fund stand-in is ARKF (ARK Fintech Innovation ETF) at 0.82 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.
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Single-name peers
| Ticker | Name | Sub-industry | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|
| IBKR | Interactive Brokers | Investment Banking & Brokerage | 0.68 | 0.63 | 0.53 | — |
| MS | Morgan Stanley | Investment Banking & Brokerage | 0.50 | 0.51 | 0.47 | — |
| GS | Goldman Sachs | Investment Banking & Brokerage | 0.49 | 0.52 | 0.47 | — |
| EVR | Evercore | Investment Banking & Brokerage | 0.41 | 0.50 | 0.51 | — |
| PIPR | Piper Sandler Companies | Investment Banking & Brokerage | 0.38 | 0.48 | 0.46 | — |
| MC | Moelis & Company | Investment Banking & Brokerage | 0.35 | 0.44 | 0.43 | — |
| SF | Stifel | Investment Banking & Brokerage | 0.33 | 0.45 | 0.44 | — |
| RJF | Raymond James | Investment Banking & Brokerage | 0.32 | 0.41 | 0.39 | — |
| SNEX | StoneX Group Inc. | Investment Banking & Brokerage | 0.28 | 0.31 | 0.25 | — |
| SCHW | Charles Schwab | Investment Banking & Brokerage | 0.27 | 0.36 | 0.33 | — |
| PJT | PJT Partners, Inc. | Investment Banking & Brokerage | 0.26 | 0.37 | 0.34 | — |
| HLI | Houlihan Lokey | Investment Banking & Brokerage | 0.23 | 0.35 | 0.37 | — |
| BGC | BGC Group, Inc. | Investment Banking & Brokerage | 0.21 | 0.31 | 0.33 | — |
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 |
|---|---|---|---|---|---|---|---|
| ARKF | ARK Fintech Innovation ETF | FinTech (Active) | SUB-IND | 0.82 | 0.78 | 0.76 | — |
| FINX | Global X FinTech ETF | FinTech | SUB-IND | 0.76 | 0.72 | 0.70 | — |
| IAI | iShares Broker-Dealers & Exchanges | Capital Markets | INDUSTRY | 0.69 | 0.69 | 0.60 | — |
| IPAY | ETFMG Prime Mobile Payments | Payments | SUB-IND | 0.50 | 0.59 | 0.62 | — |
| IYF | iShares US Financials ETF | Financials Sector | SECTOR | 0.45 | 0.52 | 0.48 | — |
| VFH | Vanguard Financials ETF | Financials Sector | SECTOR | 0.40 | 0.51 | 0.48 | — |
| KBWB | Invesco KBW Bank ETF | Large Banks | INDUSTRY | 0.39 | 0.47 | 0.44 | — |
| XLF | Financial Select Sector SPDR | Financials Sector | SECTOR | 0.38 | 0.47 | 0.45 | — |
| KBE | SPDR S&P Bank ETF | Banks | INDUSTRY | 0.26 | 0.40 | 0.40 | — |
| KRE | SPDR S&P Regional Banking ETF | Regional Banks | SUB-IND | 0.23 | 0.38 | 0.38 | — |
| KIE | SPDR S&P Insurance ETF | Insurance | INDUSTRY | 0.06 | 0.26 | 0.31 | — |
| IAK | iShares US Insurance ETF | Insurance | INDUSTRY | -0.06 | 0.16 | 0.21 | — |
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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.