Tax-loss harvesting alternatives for BETZ

The closest fund alternative to BETZ (Sports Betting) is PEJ (Invesco Leisure & Entertainment), with a return correlation of 0.62 over the past year. Among single names in the fund's slice of the market, DKNG (DraftKings Inc.) tracks it most closely at 0.65 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
PEJ	Invesco Leisure & Entertainment	Leisure & Entertainment	INDUSTRY	0.62	0.73	0.79	0.76
IBUY	Amplify Online Retail ETF	Online Retail	INDUSTRY	0.61	0.72	0.80	0.77
IYC	iShares US Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.55	0.70	0.77	0.75
FDIS	Fidelity MSCI Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.52	0.67	0.74	0.73
VCR	Vanguard Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.52	0.67	0.74	0.73
XRT	SPDR S&P Retail ETF	Retail	INDUSTRY	0.49	0.59	0.68	0.61
XLY	Consumer Discretionary SPDR	Cons Discretionary Sector	SECTOR	0.48	0.64	0.72	0.71
DRIV	Global X Autonomous & EV ETF	Autonomous & EV	INDUSTRY	0.33	0.57	0.71	0.70
ITB	iShares US Home Construction	Homebuilders	SUB-IND	0.33	0.44	0.54	0.52
XHB	SPDR S&P Homebuilders ETF	Homebuilders	SUB-IND	0.33	0.48	0.58	0.57
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.32	0.53	0.62	0.61
CARZ	First Trust S-Network EV & FV	Autos & EVs	INDUSTRY	0.29	0.52	0.64	0.62

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
DKNG	DraftKings Inc.	Casinos & Gaming	0.65	0.69	0.73	0.69
PENN	Penn Entertainment	Casinos & Gaming	0.56	0.58	0.67	0.67
RSI	Rush Street Interactive, Inc.	Casinos & Gaming	0.55	0.56	0.64	0.60
MGM	MGM Resorts	Casinos & Gaming	0.54	0.61	0.68	0.66
BYD	Boyd Gaming	Casinos & Gaming	0.45	0.56	0.66	0.66
CZR	Caesars Entertainment	Casinos & Gaming	0.45	0.61	0.73	0.72
RRR	Red Rock Resorts, Inc.	Casinos & Gaming	0.41	0.56	0.62	0.62
CHDN	Churchill Downs Inc.	Casinos & Gaming	0.37	0.48	0.61	0.62
WYNN	Wynn Resorts	Casinos & Gaming	0.36	0.48	0.59	0.55
LVS	Las Vegas Sands	Casinos & Gaming	0.26	0.40	0.51	0.51
MCRI	Monarch Casino & Resort, Inc.	Casinos & Gaming	0.23	0.42	0.53	0.54

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Replacement research for BETZ's peers

DKNG PENN RSI MGM BYD CZR RRR CHDN WYNN LVS MCRI

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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.