Tax-loss harvesting alternatives for SPHR

Among the 11 Movies & Entertainment peers screened, MSGS (Madison Square Garden Sports Corp.) has tracked SPHR most closely over the past year, with a return correlation of 0.32. The strongest fund stand-in is IVV (iShares Core S&P 500) at 0.30 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
MSGS	Madison Square Garden Sports Corp.	Movies & Entertainment	0.32	0.37	0.43	0.44
LYV	Live Nation Entertainment	Movies & Entertainment	0.28	0.34	0.37	0.38
ROKU	Roku Inc.	Movies & Entertainment	0.22	0.32	0.32	0.25
TKO	TKO Group Holdings	Movies & Entertainment	0.20	0.20	0.20	0.20
CNK	Cinemark Holdings, Inc.	Movies & Entertainment	0.15	0.16	0.27	0.29
DIS	Walt Disney Co.	Movies & Entertainment	0.15	0.31	0.34	0.35
WBD	Warner Bros. Discovery	Movies & Entertainment	0.14	0.34	0.32	0.32
WMG	Warner Music Group	Movies & Entertainment	0.09	0.19	0.24	0.22
NFLX	Netflix Inc.	Movies & Entertainment	0.08	0.14	0.19	0.13
PSKY	Paramount Skydance	Movies & Entertainment	0.05	0.17	0.21	0.21
SPOT	Spotify Technology	Movies & Entertainment	0.02	0.15	0.24	0.20

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
IVV	iShares Core S&P 500	S&P 500	BROAD	0.30	0.43	0.42	0.39
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.30	0.44	0.43	0.39
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.30	0.43	0.42	0.39
VOX	Vanguard Communication Services	Comm Services Sector	SECTOR	0.26	0.38	0.40	0.36
FCOM	Fidelity MSCI Communication Services	Comm Services Sector	SECTOR	0.26	0.39	0.40	0.37
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.26	0.40	0.40	0.33
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.26	0.40	0.40	—
SOCL	Global X Social Media ETF	Social Media	SUB-IND	0.23	0.34	0.34	0.30
XLC	Communication Services SPDR	Comm Services Sector	SECTOR	0.23	0.37	0.37	0.34
ESPO	VanEck Video Gaming & eSports	Gaming & Esports	SUB-IND	0.21	0.33	0.35	0.29
IYZ	iShares US Telecommunications ETF	Telecom	INDUSTRY	0.20	0.31	0.35	0.33
HERO	Global X Video Games & Esports	Gaming & Esports	SUB-IND	0.20	0.29	0.32	0.25

NEXT STEPS

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Replacement research for SPHR's peers

MSGS LYV ROKU TKO CNK DIS WBD WMG NFLX PSKY SPOT

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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.