Tax-loss harvesting alternatives for SMTC

Among the 31 Semiconductors peers screened, MTSI (MACOM Technology Solutions) has tracked SMTC most closely over the past year, with a return correlation of 0.76. The strongest fund stand-in is PSI (Invesco Semiconductors ETF) at 0.78 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
MTSI	MACOM Technology Solutions	Semiconductors	0.76	0.66	0.65	0.57
SITM	SiTime	Semiconductors	0.64	0.55	0.55	0.51
MPWR	Monolithic Power Systems	Semiconductors	0.64	0.56	0.57	0.62
LSCC	Lattice Semiconductor	Semiconductors	0.63	0.51	0.54	0.53
ALGM	Allegro MicroSystems	Semiconductors	0.59	0.51	0.53	—
RMBS	Rambus	Semiconductors	0.59	0.52	0.52	0.54
DIOD	Diodes Incorporated	Semiconductors	0.59	0.52	0.55	0.58
AMD	Advanced Micro Devices	Semiconductors	0.58	0.46	0.48	0.46
MRVL	Marvell Technology	Semiconductors	0.58	0.53	0.53	0.56
AMKR	Amkor Technology	Semiconductors	0.57	0.50	0.51	0.52
ADI	Analog Devices	Semiconductors	0.57	0.51	0.53	0.60
GFS	GlobalFoundries	Semiconductors	0.57	0.46	0.45	—
PENG	Penguin Solutions, Inc.	Semiconductors	0.55	0.45	0.46	0.44
ON	ON Semiconductor	Semiconductors	0.55	0.49	0.52	0.56
INTC	Intel Corp.	Semiconductors	0.55	0.35	0.37	0.42
AOSL	Alpha and Omega Semiconductor, Ltd.	Semiconductors	0.54	0.51	0.53	0.52
MCHP	Microchip Technology	Semiconductors	0.53	0.48	0.51	0.58
MU	Micron Technology	Semiconductors	0.52	0.47	0.48	0.52
POWI	Power Integrations	Semiconductors	0.52	0.47	0.52	0.57
MXL	MaxLinear, Inc.	Semiconductors	0.52	0.47	0.50	0.52
SYNA	Synaptics	Semiconductors	0.52	0.48	0.52	0.50
TXN	Texas Instruments	Semiconductors	0.51	0.47	0.50	0.57
NXPI	NXP Semiconductors	Semiconductors	0.47	0.48	0.52	0.55
AVGO	Broadcom Inc.	Semiconductors	0.45	0.44	0.47	0.52
SWKS	Skyworks Solutions	Semiconductors	0.39	0.42	0.46	0.53
NVDA	NVIDIA Corp.	Semiconductors	0.39	0.42	0.46	0.49
QCOM	Qualcomm Inc.	Semiconductors	0.39	0.42	0.45	0.47
OLED	Universal Display	Semiconductors	0.35	0.40	0.43	0.43
CRUS	Cirrus Logic	Semiconductors	0.28	0.37	0.41	0.46
SLAB	Silicon Labs	Semiconductors	0.01	0.31	0.39	0.49
QRVO	Qorvo	Semiconductors	—	—	—	—

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
PSI	Invesco Semiconductors ETF	Semiconductors	INDUSTRY	0.78	0.68	0.68	0.71
XSD	SPDR S&P Semiconductor ETF	Semiconductors (Equal Wt)	INDUSTRY	0.77	0.69	0.69	0.73
SOXX	iShares Semiconductor ETF	Semiconductors	INDUSTRY	0.73	0.63	0.63	0.68
SMH	VanEck Semiconductor ETF	Semiconductors	INDUSTRY	0.70	0.61	0.62	0.66
XLK	Technology Select Sector SPDR	Tech Sector	SECTOR	0.65	0.58	0.57	0.60
FTEC	Fidelity MSCI Info Tech ETF	Tech Sector	SECTOR	0.63	0.59	0.58	0.61
VGT	Vanguard Info Tech ETF	Tech Sector	SECTOR	0.63	0.59	0.58	0.61
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.60	0.57	0.55	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.60	0.57	0.55	0.59
HACK	ETFMG Prime Cyber Security	Cybersecurity	SUB-IND	0.13	0.32	0.38	0.47
IGV	iShares Expanded Tech-Software	Software	INDUSTRY	0.05	0.30	0.37	0.46
BUG	Global X Cybersecurity ETF	Cybersecurity	SUB-IND	0.05	0.24	0.32	0.38

NEXT STEPS

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Replacement research for SMTC's peers

MTSI SITM MPWR LSCC ALGM RMBS DIOD AMD MRVL AMKR ADI GFS PENG ON INTC AOSL MCHP MU POWI MXL SYNA TXN NXPI AVGO SWKS NVDA QCOM OLED CRUS SLAB QRVO

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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.