Tax-loss harvesting alternatives for NSP

Among the 9 Human Resource & Employment Services peers screened, PAYX (Paychex Inc.) has tracked NSP most closely over the past year, with a return correlation of 0.53. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.18 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
PAYX	Paychex Inc.	Human Resource & Employment Services	0.53	0.46	0.46	0.42
ADP	Automatic Data Processing	Human Resource & Employment Services	0.53	0.46	0.47	0.47
MAN	ManpowerGroup	Human Resource & Employment Services	0.50	0.46	0.46	0.40
PCTY	Paylocity	Human Resource & Employment Services	0.49	0.37	0.37	0.40
KFY	Korn/Ferry International	Human Resource & Employment Services	0.48	0.40	0.43	0.42
RHI	Robert Half	Human Resource & Employment Services	0.47	0.46	0.45	0.44
PAYC	Paycom	Human Resource & Employment Services	0.42	0.33	0.36	0.39
FA	First Advantage Corporation	Human Resource & Employment Services	0.39	0.36	0.36	—
UPWK	Upwork, Inc.	Human Resource & Employment Services	0.26	0.22	0.23	0.23

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
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.18	0.28	0.34	0.42
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.17	0.27	0.34	0.42
JETS	US Global Jets ETF	Airlines	SUB-IND	0.14	0.21	0.29	0.38
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.08	0.24	0.34	0.46
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.03	0.15	0.26	0.41
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.02	0.14	0.25	0.40
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.01	0.13	0.24	0.40
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	-0.03	0.19	0.31	0.44
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	-0.04	0.18	0.30	0.42
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	-0.04	0.18	0.31	0.43
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	-0.08	0.10	0.22	0.33
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	-0.09	0.16	0.28	0.44

NEXT STEPS

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Replacement research for NSP's peers

PAYX ADP MAN PCTY KFY RHI PAYC FA UPWK

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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.