Tax-loss harvesting alternatives for COF

Among the 14 Consumer Finance peers screened, SYF (Synchrony Financial) has tracked COF most closely over the past year, with a return correlation of 0.83. The strongest fund stand-in is VFH (Vanguard Financials ETF) 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
SYF	Synchrony Financial	Consumer Finance	0.83	0.84	0.86	0.86
AXP	American Express	Consumer Finance	0.77	0.77	0.76	0.80
ALLY	Ally Financial	Consumer Finance	0.72	0.69	0.76	0.79
BFH	Bread Financial Holdings, Inc.	Consumer Finance	0.68	0.70	0.74	0.73
ENVA	Enova International, Inc.	Consumer Finance	0.60	0.66	0.67	0.63
SLM	SLM Corp	Consumer Finance	0.52	0.62	0.63	0.61
SOFI	SoFi Technologies	Consumer Finance	0.45	0.50	0.46	—
DAVE	Dave, Inc.	Consumer Finance	0.44	0.35	0.30	—
NAVI	Navient	Consumer Finance	0.41	0.53	0.57	0.64
ECPG	Encore Capital Group, Inc.	Consumer Finance	0.36	0.43	0.39	0.45
WRLD	World Acceptance Corporation	Consumer Finance	0.34	0.47	0.48	0.46
PRG	PROG Holdings, Inc.	Consumer Finance	0.34	0.36	0.44	0.44
EZPW	EZCORP, Inc.	Consumer Finance	0.30	0.24	0.29	0.34
FCFS	FirstCash	Consumer Finance	0.20	0.25	0.35	0.46

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
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.78	0.78	0.80	0.84
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.77	0.76	0.78	0.83
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.77	0.80	0.81	0.84
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.74	0.76	0.78	0.82
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.73	0.75	0.76	0.81
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.69	0.72	0.73	0.79
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.62	0.66	0.68	0.69
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.61	0.68	0.70	0.76
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.54	0.60	0.61	0.59
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.46	0.56	0.55	0.51
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.36	0.47	0.58	0.72
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.26	0.39	0.53	0.69

NEXT STEPS

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Replacement research for COF's peers

SYF AXP ALLY BFH ENVA SLM SOFI DAVE NAVI ECPG WRLD PRG EZPW FCFS

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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.