Tax-loss harvesting alternatives for ROKU

Among the 11 Movies & Entertainment peers screened, DIS (Walt Disney Co.) has tracked ROKU most closely over the past year, with a return correlation of 0.33. The strongest fund stand-in is SPY (SPDR S&P 500 ETF) at 0.46 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
DIS	Walt Disney Co.	Movies & Entertainment	0.33	0.33	0.41	0.29
PSKY	Paramount Skydance	Movies & Entertainment	0.28	0.25	0.35	0.25
WMG	Warner Music Group	Movies & Entertainment	0.26	0.25	0.34	0.30
SPOT	Spotify Technology	Movies & Entertainment	0.26	0.24	0.46	0.43
SPHR	Sphere Entertainment	Movies & Entertainment	0.23	0.32	0.32	0.25
NFLX	Netflix Inc.	Movies & Entertainment	0.18	0.26	0.40	0.38
LYV	Live Nation Entertainment	Movies & Entertainment	0.17	0.30	0.35	0.26
MSGS	Madison Square Garden Sports Corp.	Movies & Entertainment	0.15	0.30	0.31	0.24
WBD	Warner Bros. Discovery	Movies & Entertainment	0.12	0.35	0.40	0.27
TKO	TKO Group Holdings	Movies & Entertainment	0.11	0.19	0.21	0.20
CNK	Cinemark Holdings, Inc.	Movies & Entertainment	0.09	0.14	0.29	0.18

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
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.46	0.53	0.52	0.41
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.46	0.53	0.53	0.40
IVV	iShares Core S&P 500	S&P 500	BROAD	0.46	0.52	0.53	0.40
SOCL	Global X Social Media ETF	Social Media	SUB-IND	0.43	0.46	0.58	0.49
VOX	Vanguard Communication Services	Comm Services Sector	SECTOR	0.43	0.51	0.61	0.48
FCOM	Fidelity MSCI Communication Services	Comm Services Sector	SECTOR	0.43	0.51	0.61	0.46
ESPO	VanEck Video Gaming & eSports	Gaming & Esports	SUB-IND	0.42	0.43	0.55	0.52
HERO	Global X Video Games & Esports	Gaming & Esports	SUB-IND	0.41	0.39	0.50	0.50
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.41	0.50	0.55	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.40	0.50	0.55	0.47
XLC	Communication Services SPDR	Comm Services Sector	SECTOR	0.40	0.47	0.57	0.50
IYZ	iShares US Telecommunications ETF	Telecom	INDUSTRY	0.28	0.43	0.50	0.36

NEXT STEPS

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Replacement research for ROKU's peers

DIS PSKY WMG SPOT SPHR NFLX LYV MSGS WBD TKO CNK

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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.