Tax-loss harvesting alternatives for XLE

The closest fund alternative to XLE (Energy Sector) is IYE (iShares US Energy ETF), with a return correlation of 0.99 over the past year. Among single names in the fund's slice of the market, COP (ConocoPhillips) tracks it most closely at 0.88 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.99	0.99	0.99	0.99
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.99	0.99	0.99	0.99
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.99	0.99	0.99	0.99
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.94	0.96	0.96	0.96
XOP	SPDR S&P Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.90	0.93	0.93	0.91
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.68	0.82	0.87	0.89
CRAK	VanEck Oil Refiners ETF	Oil Refiners	SUB-IND	0.67	0.71	0.76	0.79
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.66	0.81	0.87	0.90
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.66	0.67	0.75	0.77
IVV	iShares Core S&P 500	S&P 500	BROAD	-0.17	0.32	0.39	0.57
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	-0.17	0.33	0.39	0.57
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	-0.18	0.32	0.39	0.57

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
COP	ConocoPhillips	Oil & Gas Exploration & Production	0.88	0.89	0.91	0.90
CHRD	Chord Energy	Oil & Gas Exploration & Production	0.82	0.84	0.80	0.00
APA	APA Corporation	Oil & Gas Exploration & Production	0.80	0.81	0.84	0.80
BP	BP plc	Integrated Oil & Gas	0.76	0.73	0.77	0.81
CRGY	Crescent Energy Company	Oil & Gas Exploration & Production	0.74	0.75	0.74	—
CRC	California Resources Corporation	Oil & Gas Exploration & Production	0.68	0.67	0.69	—
AR	Antero Resources	Oil & Gas Exploration & Production	0.59	0.58	0.62	0.55
AM	Antero Midstream	Oil & Gas Storage & Transportation	0.48	0.50	0.63	0.54
BKR	Baker Hughes	Oil & Gas Equipment & Services	0.47	0.65	0.72	0.73
CNX	CNX Resources	Oil & Gas Exploration & Production	0.44	0.47	0.55	0.43
AESI	Atlas Energy Solutions, Inc.	Oil & Gas Equipment & Services	0.38	0.54	0.54	—
AROC	Archrock, Inc.	Oil & Gas Equipment & Services	0.32	0.53	0.63	0.64
CNR	Core Natural Resources, Inc.	Coal & Consumable Fuels	0.31	0.36	0.44	0.44
BTU	Peabody Energy, Inc.	Coal & Consumable Fuels	0.23	0.35	0.42	0.40

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Replacement research for XLE's peers

COP CHRD APA BP CRGY CRC AR AM BKR CNX AESI AROC CNR BTU

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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.