Tax-loss harvesting alternatives for WSO

Among the 9 Trading Companies & Distributors peers screened, AIT (Applied Industrial Technologies) has tracked WSO most closely over the past year, with a return correlation of 0.54. The strongest fund stand-in is VIS (Vanguard Industrials ETF) at 0.58 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
AIT	Applied Industrial Technologies	Trading Companies & Distributors	0.54	0.56	0.53	0.48
CNM	Core & Main	Trading Companies & Distributors	0.50	0.47	0.48	—
FAST	Fastenal	Trading Companies & Distributors	0.43	0.46	0.55	0.51
MSM	MSC Industrial Direct	Trading Companies & Distributors	0.41	0.49	0.53	0.48
WCC	WESCO International	Trading Companies & Distributors	0.40	0.49	0.50	0.42
URI	United Rentals	Trading Companies & Distributors	0.35	0.45	0.49	0.45
REZI	Resideo Technologies, Inc.	Trading Companies & Distributors	0.31	0.35	0.40	0.34
DXPE	DXP Enterprises, Inc.	Trading Companies & Distributors	0.28	0.35	0.33	0.30
DNOW	NOW Inc	Trading Companies & Distributors	0.13	0.27	0.30	0.26

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
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.58	0.61	0.65	0.57
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.58	0.59	0.63	0.55
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.57	0.62	0.65	0.57
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.57	0.61	0.65	0.57
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.56	0.59	0.63	0.56
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.49	0.51	0.55	0.50
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.49	0.51	0.56	0.49
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.41	0.44	0.50	0.46
JETS	US Global Jets ETF	Airlines	SUB-IND	0.40	0.40	0.40	0.32
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.40	0.42	0.48	0.45
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.37	0.38	0.43	0.40
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.33	0.43	0.50	0.46

NEXT STEPS

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Replacement research for WSO's peers

AIT CNM FAST MSM WCC URI REZI DXPE DNOW

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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.