Tax-loss harvesting alternatives for VNOM

Among the 9 Oil & Gas Storage & Transportation peers screened, OKE (Oneok) has tracked VNOM most closely over the past year, with a return correlation of 0.53. The strongest fund stand-in is XOP (SPDR S&P Oil & Gas E&P ETF) at 0.76 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
OKE	Oneok	Oil & Gas Storage & Transportation	0.53	0.61	0.62	0.67
TRGP	Targa Resources	Oil & Gas Storage & Transportation	0.53	0.59	0.65	0.67
KNTK	Kinetik Holdings, Inc.	Oil & Gas Storage & Transportation	0.49	0.53	0.50	0.33
AM	Antero Midstream	Oil & Gas Storage & Transportation	0.40	0.42	0.54	0.48
WMB	Williams Companies	Oil & Gas Storage & Transportation	0.33	0.42	0.50	0.56
KMI	Kinder Morgan	Oil & Gas Storage & Transportation	0.32	0.40	0.50	0.58
DTM	DT Midstream	Oil & Gas Storage & Transportation	0.19	0.36	0.47	—
LPG	Dorian LPG Ltd.	Oil & Gas Storage & Transportation	0.19	0.28	0.34	0.35
INSW	International Seaways, Inc.	Oil & Gas Storage & Transportation	0.14	0.23	0.32	0.29

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
XOP	SPDR S&P Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.76	0.74	0.78	0.76
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.74	0.73	0.77	0.76
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.71	0.71	0.75	0.75
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.71	0.71	0.75	0.75
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.70	0.70	0.74	0.74
XLE	Energy Select Sector SPDR	Energy Sector	SECTOR	0.70	0.69	0.73	0.74
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.51	0.63	0.68	0.71
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.49	0.63	0.68	0.71
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.47	0.51	0.61	0.65
CRAK	VanEck Oil Refiners ETF	Oil Refiners	SUB-IND	0.47	0.44	0.53	0.56
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	-0.07	0.31	0.32	0.42
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	-0.07	0.30	0.32	0.42

NEXT STEPS

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Replacement research for VNOM's peers

OKE TRGP KNTK AM WMB KMI DTM LPG INSW

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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.