Tax-loss harvesting alternatives for LW

Among the 21 Packaged Foods & Meats peers screened, CAG (Conagra Brands) has tracked LW most closely over the past year, with a return correlation of 0.41. The strongest fund stand-in is FSTA (Fidelity MSCI Consumer Staples) at 0.39 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
CAG	Conagra Brands	Packaged Foods & Meats	0.41	0.27	0.30	0.25
GIS	General Mills	Packaged Foods & Meats	0.35	0.25	0.26	0.20
CPB	The Campbell's Company	Packaged Foods & Meats	0.32	0.25	0.26	0.19
MKC	McCormick & Co.	Packaged Foods & Meats	0.32	0.26	0.24	0.25
KHC	Kraft Heinz	Packaged Foods & Meats	0.31	0.30	0.28	0.29
FLO	Flowers Foods	Packaged Foods & Meats	0.31	0.28	0.31	0.26
MDLZ	Mondelez International	Packaged Foods & Meats	0.30	0.24	0.28	0.33
SJM	J.M. Smucker	Packaged Foods & Meats	0.29	0.22	0.23	0.18
HRL	Hormel Foods	Packaged Foods & Meats	0.29	0.25	0.24	0.21
POST	Post Holdings	Packaged Foods & Meats	0.28	0.28	0.33	0.39
DMC	Del Monte Corporation	Packaged Foods & Meats	0.25	0.17	0.19	0.20
HSY	Hershey Co.	Packaged Foods & Meats	0.23	0.21	0.24	0.32
FRPT	Freshpet	Packaged Foods & Meats	0.23	0.20	0.20	0.26
PPC	Pilgrim's Pride	Packaged Foods & Meats	0.23	0.11	0.17	0.25
MZTI	The Marzetti Company	Packaged Foods & Meats	0.22	0.19	0.20	0.27
JJSF	J&J Snack Foods Corp.	Packaged Foods & Meats	0.21	0.23	0.26	0.40
JBSS	John B. Sanfilippo & Son, Inc.	Packaged Foods & Meats	0.19	0.20	0.20	0.23
SMPL	Simply Good Foods Company	Packaged Foods & Meats	0.16	0.20	0.24	0.28
TR	Tootsie Roll Industries, Inc.	Packaged Foods & Meats	0.13	0.17	0.20	0.16
TSN	Tyson Foods	Packaged Foods & Meats	0.13	0.14	0.18	0.30
CALM	Cal-Maine Foods, Inc.	Packaged Foods & Meats	0.07	0.11	0.11	0.14

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
FSTA	Fidelity MSCI Consumer Staples	Cons Staples Sector	SECTOR	0.39	0.33	0.37	0.40
XLP	Consumer Staples Select SPDR	Cons Staples Sector	SECTOR	0.37	0.31	0.35	0.38
VDC	Vanguard Consumer Staples ETF	Cons Staples Sector	SECTOR	0.37	0.32	0.36	0.40
IYK	iShares US Consumer Staples ETF	Cons Staples Sector	SECTOR	0.34	0.28	0.33	0.43
PBJ	Invesco Food & Beverage ETF	Food & Beverage	INDUSTRY	0.34	0.32	0.36	0.42
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.30	0.27	0.30	0.35
IWM	iShares Russell 2000	Small-Cap	BROAD	0.16	0.24	0.29	0.42
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.09	0.22	0.29	0.40
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.09	0.22	0.28	0.39
IVV	iShares Core S&P 500	S&P 500	BROAD	0.08	0.22	0.28	0.39
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.07	0.22	0.28	0.39
IWF	iShares Russell 1000 Growth	Large Growth	BROAD	-0.00	0.17	0.24	0.32

NEXT STEPS

Harvesting a loss in LW?

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Replacement research for LW's peers

CAG GIS CPB MKC KHC FLO MDLZ SJM HRL POST DMC HSY FRPT PPC MZTI JJSF JBSS SMPL TR TSN CALM

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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.