Tax-loss harvesting alternatives for AME

Among the 15 Electrical Components & Equipment peers screened, EMR (Emerson Electric) has tracked AME most closely over the past year, with a return correlation of 0.72. The strongest fund stand-in is XLI (Industrial Select Sector SPDR) at 0.78 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
EMR	Emerson Electric	Electrical Components & Equipment	0.72	0.65	0.67	0.74
ST	Sensata Technologies	Electrical Components & Equipment	0.62	0.56	0.58	0.62
ETN	Eaton Corp.	Electrical Components & Equipment	0.62	0.57	0.64	0.73
RRX	Regal Rexnord	Electrical Components & Equipment	0.61	0.54	0.57	0.60
ROK	Rockwell Automation	Electrical Components & Equipment	0.59	0.57	0.64	0.69
NVT	nVent Electric plc	Electrical Components & Equipment	0.56	0.58	0.62	0.64
AYI	Acuity Brands	Electrical Components & Equipment	0.51	0.53	0.58	0.55
VRT	Vertiv	Electrical Components & Equipment	0.51	0.46	0.48	0.41
WWD	Woodward, Inc.	Electrical Components & Equipment	0.50	0.45	0.51	0.60
ENS	EnerSys	Electrical Components & Equipment	0.48	0.48	0.53	0.61
HAYW	Hayward Holdings, Inc.	Electrical Components & Equipment	0.45	0.45	0.47	—
VICR	Vicor Corporation	Electrical Components & Equipment	0.43	0.39	0.38	0.40
NXT	Nextpower	Electrical Components & Equipment	0.41	0.36	0.35	—
POWL	Powell Industries, Inc.	Electrical Components & Equipment	0.40	0.34	0.32	0.38
MRCY	Mercury Systems	Electrical Components & Equipment	0.37	0.28	0.29	0.38

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
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.78	0.73	0.78	0.83
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.78	0.73	0.77	0.83
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.78	0.73	0.78	0.83
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.77	0.72	0.76	0.81
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.76	0.72	0.76	0.82
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.55	0.58	0.63	0.72
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.53	0.57	0.61	0.67
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.51	0.53	0.59	0.72
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.51	0.50	0.56	0.67
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.49	0.49	0.55	0.68
JETS	US Global Jets ETF	Airlines	SUB-IND	0.49	0.51	0.51	0.54
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.47	0.52	0.58	0.64

NEXT STEPS

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Replacement research for AME's peers

EMR ST ETN RRX ROK NVT AYI VRT WWD ENS HAYW VICR NXT POWL MRCY

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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.