Tax-loss harvesting alternatives for HP

Among the 3 Oil & Gas Drilling peers screened, PTEN (Patterson-UTI Energy, Inc.) has tracked HP most closely over the past year, with a return correlation of 0.77. The strongest fund stand-in is OIH (VanEck Oil Services ETF) at 0.77 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
PTEN	Patterson-UTI Energy, Inc.	Oil & Gas Drilling	0.77	0.78	0.82	0.81
NE	Noble Corporation	Oil & Gas Drilling	0.61	0.66	0.62	—
VAL	Valaris	Oil & Gas Drilling	0.50	0.58	0.60	—

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
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.77	0.78	0.81	0.83
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.74	0.76	0.79	0.83
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.68	0.72	0.75	0.78
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.67	0.72	0.75	0.78
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.66	0.71	0.73	0.78
XLE	Energy Select Sector SPDR	Energy Sector	SECTOR	0.64	0.70	0.73	0.77
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.64	0.71	0.73	0.77
XOP	SPDR S&P Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.63	0.71	0.73	0.76
CRAK	VanEck Oil Refiners ETF	Oil Refiners	SUB-IND	0.51	0.54	0.59	0.63
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.46	0.46	0.57	0.60
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.10	0.34	0.37	0.47
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.10	0.35	0.37	0.47

NEXT STEPS

Harvesting a loss in HP?

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

Replacement research for HP's peers

PTEN NE VAL

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.