Tax-loss harvesting alternatives for OFG

Among the 88 Regional Banks peers screened, FBP (First BanCorp (Puerto Rico)) has tracked OFG most closely over the past year, with a return correlation of 0.74. The strongest fund stand-in is KRE (SPDR S&P Regional Banking ETF) at 0.70 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
FBP	First BanCorp (Puerto Rico)	Regional Banks	0.74	0.83	0.82	0.79
CATY	Cathay General Bancorp	Regional Banks	0.70	0.77	0.77	0.74
FFBC	First Financial Bancorp	Regional Banks	0.67	0.79	0.78	0.72
AUB	Atlantic Union Bankshares, Corp.	Regional Banks	0.67	0.77	0.74	0.69
FNB	FNB Corporation	Regional Banks	0.66	0.77	0.77	0.72
UBSI	United Bankshares	Regional Banks	0.66	0.77	0.76	0.71
HOPE	Hope Bancorp, Inc.	Regional Banks	0.65	0.75	0.75	0.72
TRMK	Trustmark Corp.	Regional Banks	0.65	0.76	0.74	0.69
SFBS	ServisFirst Bancshares, Inc.	Regional Banks	0.65	0.74	0.70	0.65
FULT	Fulton Financial Corporation	Regional Banks	0.65	0.78	0.74	0.71
HOMB	Home BancShares	Regional Banks	0.64	0.77	0.75	0.71
FITB	Fifth Third Bancorp	Regional Banks	0.64	0.70	0.71	0.70
COLB	Columbia Banking System	Regional Banks	0.64	0.68	0.65	0.66
FCF	First Commonwealth Financial, Corp.	Regional Banks	0.64	0.77	0.76	0.73
INDB	Independent Bank Corp.	Regional Banks	0.63	0.75	0.74	0.67
HWC	Hancock Whitney	Regional Banks	0.63	0.79	0.77	0.73
CFR	Frost Bank	Regional Banks	0.63	0.73	0.71	0.68
ASB	Associated Bank	Regional Banks	0.63	0.76	0.75	0.72
SFNC	Simmons First National Corporation	Regional Banks	0.63	0.75	0.75	0.69
RF	Regions Financial	Regional Banks	0.63	0.70	0.71	0.70
GBCI	Glacier Bancorp	Regional Banks	0.63	0.72	0.72	0.68
HBAN	Huntington Bancshares	Regional Banks	0.63	0.72	0.70	0.68
NWBI	Northwest Bancshares, Inc.	Regional Banks	0.63	0.76	0.74	0.69
NBTB	NBT Bancorp, Inc.	Regional Banks	0.63	0.74	0.73	0.70
CFFN	Capitol Federal Savings Bank	Regional Banks	0.63	0.67	0.64	0.59
WSFS	WSFS Financial Corporation	Regional Banks	0.63	0.78	0.75	0.70
FBK	FB Financial Corp.	Regional Banks	0.63	0.75	0.74	0.65
CPF	Central Pacific Financial Corp.	Regional Banks	0.62	0.71	0.72	0.70
ABCB	Ameris Bancorp	Regional Banks	0.62	0.78	0.78	0.73
SSB	South State Bank	Regional Banks	0.62	0.76	0.74	0.67
UMBF	UMB Financial Corp.	Regional Banks	0.62	0.74	0.72	0.69
BANC	Banc Of California, Inc.	Regional Banks	0.62	0.70	0.69	0.62
CFG	Citizens Financial	Regional Banks	0.62	0.74	0.73	0.70
WTFC	Wintrust Financial	Regional Banks	0.62	0.74	0.74	0.70
PFBC	Preferred Bank	Regional Banks	0.62	0.73	0.73	0.68
UCB	United Community Banks, Inc.	Regional Banks	0.62	0.77	0.76	0.71
VLY	Valley Bank	Regional Banks	0.61	0.69	0.69	0.68
SBCF	Seacoast Banking Corporation of Florida	Regional Banks	0.61	0.75	0.72	0.69
FBNC	First Bancorp (Southern Pines NC)	Regional Banks	0.61	0.72	0.72	0.68
CVBF	CVB Financial Corp.	Regional Banks	0.61	0.75	0.70	0.66
FFIN	First Financial Bankshares	Regional Banks	0.61	0.74	0.72	0.69
SBSI	Southside Bancshares, Inc.	Regional Banks	0.61	0.71	0.69	0.67
CBU	Community Bank System, Inc.	Regional Banks	0.61	0.75	0.73	0.68
FIBK	First Interstate BancSystem, Inc.	Regional Banks	0.61	0.74	0.71	0.67
ONB	Old National Bank	Regional Banks	0.61	0.75	0.74	0.69
FHN	First Horizon	Regional Banks	0.60	0.68	0.54	0.63
PFS	Provident Financial Services, Inc.	Regional Banks	0.60	0.76	0.73	0.70
WAFD	WaFd, Inc.	Regional Banks	0.60	0.73	0.71	0.66
TCBI	Texas Capital Bancshares	Regional Banks	0.60	0.73	0.70	0.66
CBSH	Commerce Bancshares	Regional Banks	0.60	0.71	0.72	0.65
IBOC	Intl Bancshares Corp	Regional Banks	0.60	0.76	0.76	0.71
EBC	Eastern Bankshares, Inc.	Regional Banks	0.60	0.71	0.67	—
PNFP	Pinnacle Financial Partners	Regional Banks	0.60	0.71	0.72	0.69
STBA	S&T Bancorp, Inc.	Regional Banks	0.59	0.76	0.75	0.71
FHB	First Hawaiian, Inc.	Regional Banks	0.59	0.73	0.71	0.66
KEY	KeyCorp	Regional Banks	0.58	0.69	0.68	0.68
BANR	Banner Corporation	Regional Banks	0.58	0.74	0.75	0.72
BANF	Bancfirst Corp	Regional Banks	0.58	0.74	0.68	0.66
WSBC	WesBanco	Regional Banks	0.58	0.73	0.74	0.72
BKU	BankUnited, Inc.	Regional Banks	0.58	0.74	0.74	0.69
TRST	TrustCo Bank Corp NY	Regional Banks	0.58	0.74	0.69	0.67
NBHC	National Bank Holdings Corporation	Regional Banks	0.58	0.72	0.72	0.66
ZION	Zions Bancorporation	Regional Banks	0.58	0.72	0.69	0.65
AX	Axos Financial, Inc.	Regional Banks	0.58	0.71	0.69	0.63
LKFN	Lakeland Financial	Regional Banks	0.58	0.71	0.68	0.63
MTB	M&T Bank Corp.	Regional Banks	0.58	0.69	0.68	0.66
EWBC	East West Bancorp	Regional Banks	0.58	0.71	0.70	0.68
WABC	Westamerica Bank	Regional Banks	0.57	0.71	0.70	0.63
HTH	Hilltop Holdings Inc.	Regional Banks	0.57	0.71	0.67	0.63
NIC	Nicolet Bankshares	Regional Banks	0.57	0.68	0.65	0.60
WAL	Western Alliance Bancorporation	Regional Banks	0.57	0.70	0.58	0.59
BOH	Bank of Hawaii	Regional Banks	0.57	0.71	0.68	0.65
PB	Prosperity Bancshares	Regional Banks	0.56	0.72	0.72	0.68
RNST	Renasant Corp.	Regional Banks	0.56	0.73	0.74	0.68
CUBI	Customers Bancorp, Inc.	Regional Banks	0.55	0.65	0.64	0.61
OZK	Bank OZK	Regional Banks	0.55	0.69	0.70	0.58
DCOM	Dime Community Bancshares, Inc.	Regional Banks	0.53	0.69	0.67	0.64
FLG	Flagstar Bank	Regional Banks	0.52	0.41	0.43	0.43
WBS	Webster Bank	Regional Banks	0.51	0.70	0.72	0.71
HFWA	Heritage Financial Corporation	Regional Banks	0.50	0.70	0.69	0.66
CHCO	City Holding Company	Regional Banks	0.50	0.70	0.70	0.68
MBIN	Merchants Bancorp	Regional Banks	0.49	0.57	0.59	0.55
HAFC	Hanmi Financial Corporation	Regional Banks	0.49	0.67	0.70	0.68
BBT	Beacon Financial Corp.	Regional Banks	0.47	0.72	0.71	0.67
TBBK	The Bancorp, Inc.	Regional Banks	0.40	0.57	0.59	0.54
TFIN	Triumph Bancorp, Inc.	Regional Banks	0.39	0.55	0.56	0.56
CASH	Pathward Financial, Inc.	Regional Banks	0.36	0.61	0.61	0.57
EGBN	Eagle Bancorp Inc	Regional Banks	0.34	0.58	0.60	0.59

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
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.70	0.81	0.80	0.76
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.68	0.81	0.80	0.76
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.57	0.71	0.71	0.71
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.47	0.65	0.66	0.65
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.46	0.64	0.67	0.68
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.42	0.60	0.63	0.66
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.31	0.47	0.56	0.63
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.29	0.54	0.58	0.60
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.26	0.41	0.51	0.61
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.22	0.48	0.49	0.48
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.16	0.43	0.44	0.39
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.14	0.40	0.38	0.35

NEXT STEPS

Harvesting a loss in OFG?

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

Replacement research for OFG's peers

FBP CATY FFBC AUB FNB UBSI HOPE TRMK SFBS FULT HOMB FITB COLB FCF INDB HWC CFR ASB SFNC RF GBCI HBAN NWBI NBTB CFFN WSFS FBK CPF ABCB SSB UMBF BANC CFG WTFC PFBC UCB VLY SBCF FBNC CVBF FFIN SBSI CBU FIBK ONB FHN PFS WAFD TCBI CBSH IBOC EBC PNFP STBA FHB KEY BANR BANF WSBC BKU TRST NBHC ZION AX LKFN MTB EWBC WABC HTH NIC WAL BOH PB RNST CUBI OZK DCOM FLG WBS HFWA CHCO MBIN HAFC BBT TBBK TFIN CASH EGBN

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.