Tax-loss harvesting alternatives for ICLN

The closest fund alternative to ICLN (Clean Energy) is QCLN (First Trust NASDAQ Clean Edge), with a return correlation of 0.92 over the past year. Among single names in the fund's slice of the market, FSLR (First Solar Inc.) tracks it most closely at 0.63 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
QCLN	First Trust NASDAQ Clean Edge	Clean Energy	INDUSTRY	0.92	0.85	0.86	0.86
TAN	Invesco Solar ETF	Solar Energy	SUB-IND	0.87	0.89	0.92	0.90
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.72	0.51	0.58	0.62
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.69	0.52	0.60	0.66
IVV	iShares Core S&P 500	S&P 500	BROAD	0.68	0.51	0.58	0.64
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.68	0.50	0.57	0.64
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.68	0.51	0.58	0.64
IWM	iShares Russell 2000	Small-Cap	BROAD	0.67	0.58	0.64	0.68
VPU	Vanguard Utilities ETF	Utilities Sector	SECTOR	0.19	0.37	0.41	0.44
FUTY	Fidelity MSCI Utilities ETF	Utilities Sector	SECTOR	0.18	0.36	0.41	0.44
XLU	Utilities Select Sector SPDR	Utilities Sector	SECTOR	0.15	0.35	0.39	0.43
IDU	iShares US Utilities ETF	Utilities Sector	SECTOR	0.13	0.34	0.40	0.43

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
FSLR	First Solar Inc.	Renewable Electricity	0.63	0.69	0.69	0.64
ENPH	Enphase Energy	Renewable Electricity	0.58	0.67	0.72	0.61
SEDG	SolarEdge Technologies	Renewable Electricity	0.57	0.63	0.67	0.65
RUN	Sunrun Inc.	Renewable Electricity	0.55	0.67	0.72	0.67
ORA	Ormat Technologies	Renewable Electricity	0.49	0.58	0.58	0.55
CWEN	Clearway Energy, Inc. (Class C)	Renewable Electricity	0.47	0.56	0.56	0.53

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Replacement research for ICLN's peers

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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.