Tax-loss harvesting alternatives for LII

Among the 25 Building Products peers screened, CARR (Carrier Global) has tracked LII most closely over the past year, with a return correlation of 0.70. The strongest fund stand-in is IYJ (iShares US Industrials ETF) at 0.67 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
CARR	Carrier Global	Building Products	0.70	0.68	0.71	0.58
MAS	Masco	Building Products	0.67	0.67	0.69	0.63
AOS	A. O. Smith	Building Products	0.65	0.59	0.62	0.58
SSD	Simpson Manufacturing	Building Products	0.65	0.58	0.61	0.56
TT	Trane Technologies	Building Products	0.63	0.61	0.67	0.63
BLDR	Builders FirstSource	Building Products	0.62	0.60	0.59	0.53
WMS	Advanced Drainage Systems	Building Products	0.60	0.56	0.51	0.48
UFPI	UFP Industries	Building Products	0.59	0.56	0.57	0.54
GFF	Griffon Corporation	Building Products	0.56	0.53	0.49	0.43
OC	Owens Corning	Building Products	0.55	0.59	0.60	0.57
BCC	Boise Cascade	Building Products	0.55	0.56	0.54	0.51
FBIN	Fortune Brands Innovations	Building Products	0.55	0.59	0.63	0.62
LPX	Louisiana-Pacific	Building Products	0.52	0.49	0.52	0.49
NX	Quanex Building Products Corporation	Building Products	0.51	0.50	0.50	0.48
FERG	Ferguson Enterprises	Building Products	0.50	0.51	0.52	0.33
ALLE	Allegion	Building Products	0.47	0.53	0.60	0.56
APOG	Apogee Enterprises, Inc.	Building Products	0.45	0.43	0.47	0.43
ROCK	Gibraltar Industries, Inc.	Building Products	0.45	0.50	0.51	0.47
AWI	Armstrong World Industries, Inc.	Building Products	0.45	0.50	0.56	0.51
WTS	Watts Water Technologies	Building Products	0.44	0.50	0.55	0.51
TREX	Trex	Building Products	0.43	0.49	0.53	0.50
MBC	MasterBrand, Inc.	Building Products	0.40	0.46	0.43	—
JCI	Johnson Controls	Building Products	0.39	0.45	0.52	0.53
AAON	AAON	Building Products	0.38	0.44	0.48	0.47
WOR	Worthington Enterprises	Building Products	0.36	0.33	0.40	0.43

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
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.67	0.64	0.66	0.62
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.67	0.65	0.67	0.61
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.66	0.65	0.67	0.62
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.66	0.66	0.68	0.63
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.66	0.66	0.68	0.63
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.52	0.54	0.57	0.55
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.49	0.53	0.56	0.54
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.46	0.48	0.51	0.52
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.45	0.43	0.46	0.48
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.44	0.45	0.49	0.50
JETS	US Global Jets ETF	Airlines	SUB-IND	0.43	0.45	0.45	0.43
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.37	0.48	0.52	0.49

NEXT STEPS

Harvesting a loss in LII?

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Replacement research for LII's peers

CARR MAS AOS SSD TT BLDR WMS UFPI GFF OC BCC FBIN LPX NX FERG ALLE APOG ROCK AWI WTS TREX MBC JCI AAON WOR

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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.