Tax-loss harvesting alternatives for SLVM

The strongest fund stand-in is XLB (Materials Select Sector SPDR) at 0.49 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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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
XLB	Materials Select Sector SPDR	Materials Sector	SECTOR	0.49	0.48	0.43	—
FMAT	Fidelity MSCI Materials ETF	Materials Sector	SECTOR	0.45	0.49	0.44	—
VAW	Vanguard Materials ETF	Materials Sector	SECTOR	0.45	0.49	0.44	—
IYM	iShares US Basic Materials ETF	Materials Sector	SECTOR	0.34	0.43	0.41	—
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.32	0.45	0.41	—
SLX	VanEck Steel ETF	Steel	SUB-IND	0.31	0.43	0.38	—
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.23	0.38	0.36	—
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.22	0.37	0.35	—
XME	SPDR S&P Metals & Mining ETF	Metals & Mining	INDUSTRY	0.18	0.33	0.34	—
COPX	Global X Copper Miners ETF	Copper Miners	SUB-IND	0.17	0.24	0.27	—
GDX	VanEck Gold Miners ETF	Gold Miners	SUB-IND	0.11	0.14	0.15	—
RING	iShares MSCI Global Gold Miners	Gold Miners	SUB-IND	0.11	0.14	0.15	—

NEXT STEPS

Harvesting a loss in SLVM?

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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.