Tax-loss harvesting alternatives for PEJ

The closest fund alternative to PEJ (Leisure & Entertainment) is IBUY (Amplify Online Retail ETF), with a return correlation of 0.76 over the past year. Among single names in the fund's slice of the market, CCL (Carnival Corp.) tracks it most closely at 0.73 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
IBUY	Amplify Online Retail ETF	Online Retail	INDUSTRY	0.76	0.84	0.81	0.72
XRT	SPDR S&P Retail ETF	Retail	INDUSTRY	0.71	0.75	0.77	0.73
FDIS	Fidelity MSCI Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.69	0.80	0.81	0.78
VCR	Vanguard Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.69	0.80	0.81	0.79
XLY	Consumer Discretionary SPDR	Cons Discretionary Sector	SECTOR	0.64	0.77	0.79	0.77
ONLN	ProShares Online Retail ETF	Online Retail	INDUSTRY	0.64	0.72	0.73	0.63
XHB	SPDR S&P Homebuilders ETF	Homebuilders	SUB-IND	0.62	0.63	0.68	0.72
BETZ	Roundhill Sports Betting iGaming	Sports Betting	SUB-IND	0.62	0.73	0.79	0.76
ITB	iShares US Home Construction	Homebuilders	SUB-IND	0.61	0.57	0.62	0.66
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.55	0.66	0.69	0.66
DRIV	Global X Autonomous & EV ETF	Autonomous & EV	INDUSTRY	0.38	0.62	0.71	0.72
CARZ	First Trust S-Network EV & FV	Autos & EVs	INDUSTRY	0.34	0.58	0.66	0.68

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
CCL	Carnival Corp.	Hotels, Resorts & Cruise Lines	0.73	0.75	0.74	0.73
BYD	Boyd Gaming	Casinos & Gaming	0.55	0.61	0.71	0.72
BKNG	Booking Holdings	Hotels, Resorts & Cruise Lines	0.54	0.61	0.69	0.67
ABNB	Airbnb Inc.	Hotels, Resorts & Cruise Lines	0.53	0.62	0.68	—
BROS	Dutch Bros Inc.	Restaurants	0.53	0.47	0.44	—
BJRI	BJ's Restaurants, Inc.	Restaurants	0.45	0.50	0.59	0.65
DKNG	DraftKings Inc.	Casinos & Gaming	0.41	0.52	0.57	0.48
CAKE	The Cheesecake Factory, Inc.	Restaurants	0.40	0.56	0.63	0.60
CAVA	Cava Group	Restaurants	0.40	0.49	0.48	—
CHH	Choice Hotels	Hotels, Resorts & Cruise Lines	0.40	0.48	0.59	0.66
CZR	Caesars Entertainment	Casinos & Gaming	0.39	0.61	0.72	0.72
CMG	Chipotle Mexican Grill	Restaurants	0.37	0.42	0.51	0.47
CBRL	Cracker Barrel	Restaurants	0.36	0.39	0.46	0.55
CHDN	Churchill Downs Inc.	Casinos & Gaming	0.31	0.45	0.60	0.69

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Replacement research for PEJ's peers

CCL BYD BKNG ABNB BROS BJRI DKNG CAKE CAVA CHH CZR CMG CBRL CHDN

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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.