Tax-loss harvesting alternatives for ARR

Among the 8 Mortgage REITs peers screened, NLY (Annaly Capital Management) has tracked ARR most closely over the past year, with a return correlation of 0.66. The strongest fund stand-in is INDS (Pacer Industrial Real Estate ETF) at 0.42 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
NLY	Annaly Capital Management	Mortgage REITs	0.66	0.75	0.78	0.75
RITM	Rithm Capital	Mortgage REITs	0.50	0.58	0.63	0.69
ADAM	Adamas Trust, Inc.	Mortgage REITs	0.49	0.58	0.66	0.66
PMT	PennyMac Mortgage Investment Trust	Mortgage REITs	0.49	0.53	0.61	0.62
STWD	Starwood Property Trust	Mortgage REITs	0.42	0.58	0.63	0.72
BXMT	Blackstone Mortgage Trust, Inc.	Mortgage REITs	0.31	0.52	0.57	0.65
FBRT	Franklin BSP Realty Trust, Inc.	Mortgage REITs	0.20	0.46	0.53	—
ABR	Arbor Realty Trust	Mortgage REITs	0.17	0.36	0.47	0.64

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
INDS	Pacer Industrial Real Estate ETF	Industrial REITs	SUB-IND	0.42	0.52	0.51	0.51
IYR	iShares US Real Estate ETF	REITs	SECTOR	0.39	0.55	0.56	0.59
SRVR	Pacer Data & Infrastructure RE	Data Center & Tower REITs	SUB-IND	0.37	0.49	0.52	0.47
USRT	iShares Core US REIT ETF	REITs	SECTOR	0.37	0.54	0.54	0.59
XLRE	Real Estate Select Sector SPDR	Real Estate Sector	SECTOR	0.37	0.53	0.53	0.54
SCHH	Schwab US REIT ETF	REITs	SECTOR	0.36	0.53	0.54	0.58
VNQ	Vanguard Real Estate ETF	REITs	SECTOR	0.36	0.54	0.54	0.57
RWR	SPDR Dow Jones REIT ETF	REITs	SECTOR	0.36	0.53	0.54	0.58
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.35	0.46	0.47	0.49
IVV	iShares Core S&P 500	S&P 500	BROAD	0.35	0.46	0.47	0.49
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.35	0.46	0.47	0.49
REZ	iShares Residential & Multisector RE	Residential REITs	SUB-IND	0.30	0.48	0.49	0.56

NEXT STEPS

Harvesting a loss in ARR?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for ARR's peers

NLY RITM ADAM PMT STWD BXMT FBRT ABR

Browse all tickers →

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.