Tax-loss harvesting alternatives for TM

Among the 8 Automobile Manufacturers peers screened, HMC (Honda Motor Co.) has tracked TM most closely over the past year, with a return correlation of 0.74. The strongest fund stand-in is IYC (iShares US Consumer Discretionary) at 0.48 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
HMC	Honda Motor Co.	Automobile Manufacturers	0.74	0.74	0.74	0.73
GM	General Motors	Automobile Manufacturers	0.42	0.39	0.45	0.46
F	Ford Motor Co.	Automobile Manufacturers	0.42	0.36	0.42	0.44
STLA	Stellantis N.V.	Automobile Manufacturers	0.31	0.41	0.46	0.46
TSLA	Tesla Inc.	Automobile Manufacturers	0.27	0.27	0.30	0.27
LCID	Lucid Group	Automobile Manufacturers	0.25	0.19	0.23	—
RIVN	Rivian Automotive	Automobile Manufacturers	0.25	0.17	0.25	—
WGO	Winnebago Industries, Inc.	Automobile Manufacturers	0.24	0.27	0.29	0.31

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
IYC	iShares US Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.48	0.46	0.49	0.52
PEJ	Invesco Leisure & Entertainment	Leisure & Entertainment	INDUSTRY	0.44	0.45	0.47	0.47
FDIS	Fidelity MSCI Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.44	0.44	0.48	0.51
VCR	Vanguard Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.44	0.44	0.48	0.51
XRT	SPDR S&P Retail ETF	Retail	INDUSTRY	0.44	0.40	0.43	0.43
XLY	Consumer Discretionary SPDR	Cons Discretionary Sector	SECTOR	0.43	0.44	0.47	0.51
XHB	SPDR S&P Homebuilders ETF	Homebuilders	SUB-IND	0.41	0.38	0.43	0.47
ITB	iShares US Home Construction	Homebuilders	SUB-IND	0.39	0.33	0.40	0.43
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.37	0.39	0.43	0.47
DRIV	Global X Autonomous & EV ETF	Autonomous & EV	INDUSTRY	0.37	0.48	0.53	0.55
BETZ	Roundhill Sports Betting iGaming	Sports Betting	SUB-IND	0.35	0.39	0.43	0.41
CARZ	First Trust S-Network EV & FV	Autos & EVs	INDUSTRY	0.33	0.44	0.51	0.57

NEXT STEPS

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Replacement research for TM's peers

HMC GM F STLA TSLA LCID RIVN WGO

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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.