WS
Worthington Steel
Materials›Metals & Mining›Steel
8 stocks · 12 ETFs
data as of Oct 9, 2026
REPLACEMENT RESEARCH
Tax-loss harvesting alternatives for WS
Among the 8 Steel peers screened, CMC (Commercial Metals) has tracked WS most closely over the past year, with a return correlation of 0.63. The strongest fund stand-in is SLX (VanEck Steel ETF) at 0.60 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.
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Single-name peers
| Ticker | Name | Sub-industry | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|
| CMC | Commercial Metals | Steel | 0.63 | 0.55 | — | — |
| MTUS | Metallus Inc | Steel | 0.57 | 0.52 | — | — |
| RS | Reliance, Inc. | Steel | 0.55 | 0.49 | — | — |
| STLD | Steel Dynamics | Steel | 0.55 | 0.52 | — | — |
| NUE | Nucor Corp. | Steel | 0.54 | 0.50 | — | — |
| CLF | Cleveland-Cliffs | Steel | 0.43 | 0.40 | — | — |
| AMR | Alpha Metallurgical Resources, Inc. | Steel | 0.16 | 0.23 | — | — |
| HCC | Warrior Met Coal, Inc. | Steel | 0.15 | 0.22 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| SLX | VanEck Steel ETF | Steel | SUB-IND | 0.60 | 0.57 | — | — |
| PAVE | Global X US Infrastructure | Infrastructure | SECTOR | 0.59 | 0.53 | — | — |
| FMAT | Fidelity MSCI Materials ETF | Materials Sector | SECTOR | 0.55 | 0.47 | — | — |
| VAW | Vanguard Materials ETF | Materials Sector | SECTOR | 0.55 | 0.47 | — | — |
| XLB | Materials Select Sector SPDR | Materials Sector | SECTOR | 0.52 | 0.45 | — | — |
| XME | SPDR S&P Metals & Mining ETF | Metals & Mining | INDUSTRY | 0.51 | 0.47 | — | — |
| IYM | iShares US Basic Materials ETF | Materials Sector | SECTOR | 0.51 | 0.44 | — | — |
| VOO | Vanguard S&P 500 ETF | S&P 500 | BROAD | 0.47 | 0.42 | — | — |
| SPY | SPDR S&P 500 ETF | S&P 500 | BROAD | 0.47 | 0.41 | — | — |
| COPX | Global X Copper Miners ETF | Copper Miners | SUB-IND | 0.43 | 0.33 | — | — |
| GDX | VanEck Gold Miners ETF | Gold Miners | SUB-IND | 0.33 | 0.19 | — | — |
| RING | iShares MSCI Global Gold Miners | Gold Miners | SUB-IND | 0.32 | 0.19 | — | — |
NEXT STEPS
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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.