Tax-loss harvesting alternatives for XLF

The closest fund alternative to XLF (Financials Sector) is VFH (Vanguard Financials ETF), with a return correlation of 0.99 over the past year. Among single names in the fund's slice of the market, ALLY (Ally Financial) tracks it most closely at 0.68 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
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.99	0.99	0.99	0.99
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.97	0.98	0.99	0.98
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.86	0.89	0.91	0.94
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.78	0.86	0.89	0.92
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.74	0.80	0.83	0.89
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.72	0.79	0.78	0.76
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.69	0.76	0.79	0.86
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.62	0.76	0.83	0.89
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.59	0.70	0.70	0.65
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.53	0.73	0.79	0.83
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.52	0.70	0.79	0.88
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.50	0.61	0.61	0.54

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
ALLY	Ally Financial	Consumer Finance	0.68	0.65	0.70	0.74
ABCB	Ameris Bancorp	Regional Banks	0.61	0.70	0.70	0.76
AIZ	Assurant	Multi-line Insurance	0.44	0.54	0.52	0.62
AGO	Assured Guaranty Ltd.	Property & Casualty Insurance	0.43	0.54	0.61	0.67
AAMI	Acadian Asset Management Inc.	Asset Management & Custody Banks	0.41	0.51	0.55	0.59
AFL	Aflac Inc.	Life & Health Insurance	0.40	0.55	0.66	0.73
AJG	Arthur J. Gallagher & Co.	Insurance Brokers	0.39	0.42	0.52	0.61
AIG	American Intl Group	Multi-line Insurance	0.38	0.58	0.70	0.76
ALRM	Alarm.Com, Inc.	Application Software	0.38	0.47	0.45	0.38
ACT	Enact Holdings, Inc.	Commercial & Residential Mortgage Finance	0.37	0.51	0.53	—
AFG	American Financial Group	Multi-line Insurance	0.32	0.53	0.60	0.71
ALL	Allstate Corp.	Property & Casualty Insurance	0.28	0.45	0.52	0.64
ACGL	Arch Capital Group	Property & Casualty Insurance	0.27	0.44	0.52	0.67
ABR	Arbor Realty Trust	Mortgage REITs	0.18	0.32	0.42	0.48

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ALLY ABCB AIZ AGO AAMI AFL AJG AIG ALRM ACT AFG ALL ACGL ABR

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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.