Tax-loss harvesting alternatives for STWD

Among the 8 Mortgage REITs peers screened, NLY (Annaly Capital Management) has tracked STWD most closely over the past year, with a return correlation of 0.73. The strongest fund stand-in is KBE (SPDR S&P Bank ETF) at 0.51 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
NLY	Annaly Capital Management	Mortgage REITs	0.73	0.75	0.75	0.73
BXMT	Blackstone Mortgage Trust, Inc.	Mortgage REITs	0.72	0.80	0.82	0.85
RITM	Rithm Capital	Mortgage REITs	0.58	0.70	0.72	0.73
ADAM	Adamas Trust, Inc.	Mortgage REITs	0.50	0.59	0.63	0.66
ARR	Armour Residential REIT	Mortgage REITs	0.47	0.58	0.63	0.72
FBRT	Franklin BSP Realty Trust, Inc.	Mortgage REITs	0.47	0.65	0.65	—
ABR	Arbor Realty Trust	Mortgage REITs	0.41	0.54	0.61	0.71
PMT	PennyMac Mortgage Investment Trust	Mortgage REITs	0.41	0.54	0.60	0.62

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
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.51	0.61	0.65	0.62
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.48	0.59	0.62	0.60
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.47	0.57	0.64	0.64
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.46	0.58	0.65	0.63
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.44	0.57	0.62	0.61
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.43	0.55	0.62	0.61
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.36	0.45	0.54	0.61
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.32	0.40	0.49	0.58
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.31	0.49	0.57	0.56
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.30	0.51	0.59	0.56
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.25	0.47	0.55	0.48
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.21	0.42	0.49	0.39

NEXT STEPS

Harvesting a loss in STWD?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for STWD's peers

NLY BXMT RITM ADAM ARR FBRT ABR PMT

Browse all tickers →

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.