Tax-loss harvesting alternatives for CW

Among the 25 Aerospace & Defense peers screened, BWXT (BWX Technologies) has tracked CW most closely over the past year, with a return correlation of 0.79. The strongest fund stand-in is XAR (SPDR S&P Aerospace & Defense) at 0.77 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
BWXT	BWX Technologies	Aerospace & Defense	0.79	0.70	0.64	0.57
HWM	Howmet Aerospace	Aerospace & Defense	0.70	0.64	0.61	0.64
ATI	ATI Inc.	Aerospace & Defense	0.62	0.53	0.50	0.55
AIR	AAR Corp.	Aerospace & Defense	0.60	0.54	0.56	0.61
MOG-A	Moog Inc.	Aerospace & Defense	0.57	0.60	0.60	0.69
VSEC	VSE Corporation	Aerospace & Defense	0.56	0.49	0.46	0.47
SARO	StandardAero	Aerospace & Defense	0.55	0.55	—	—
KRMN	Karman Holdings	Aerospace & Defense	0.52	—	—	—
HII	Huntington Ingalls Industries	Aerospace & Defense	0.52	0.42	0.45	0.54
HXL	Hexcel	Aerospace & Defense	0.50	0.48	0.49	0.60
KTOS	Kratos Defense & Security Solutions	Aerospace & Defense	0.50	0.49	0.47	0.47
RTX	RTX Corp.	Aerospace & Defense	0.45	0.41	0.48	0.63
BA	Boeing Co.	Aerospace & Defense	0.43	0.41	0.42	0.58
LHX	L3Harris Technologies	Aerospace & Defense	0.41	0.39	0.42	0.53
TXT	Textron	Aerospace & Defense	0.41	0.43	0.48	0.64
GD	General Dynamics	Aerospace & Defense	0.38	0.42	0.50	0.63
LMT	Lockheed Martin	Aerospace & Defense	0.36	0.31	0.37	0.51
NOC	Northrop Grumman	Aerospace & Defense	0.35	0.26	0.35	0.46
AVAV	AeroVironment	Aerospace & Defense	0.32	0.34	0.33	0.37
NPK	National Presto Industries, Inc.	Aerospace & Defense	0.32	0.30	0.35	0.41
TDG	TransDigm Group	Aerospace & Defense	0.30	0.41	0.46	0.57
VVX	V2X, Inc.	Aerospace & Defense	0.29	0.34	0.33	0.36
PSN	Parsons Corporation	Aerospace & Defense	0.28	0.32	0.35	0.42
AXON	Axon Enterprise	Aerospace & Defense	0.17	0.28	0.28	0.31
HONA	Honeywell Aerospace	Aerospace & Defense	—	—	—	—

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
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.77	0.76	0.74	0.80
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.76	0.76	0.75	0.81
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.75	0.74	0.73	0.80
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.72	0.68	0.66	0.76
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.71	0.68	0.66	0.77
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.69	0.66	0.66	0.76
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.67	0.64	0.64	0.73
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.61	0.62	0.61	0.73
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.55	0.56	0.50	0.56
JETS	US Global Jets ETF	Airlines	SUB-IND	0.41	0.43	0.43	0.58
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.32	0.39	0.42	0.61
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.31	0.39	0.43	0.60

NEXT STEPS

Harvesting a loss in CW?

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Replacement research for CW's peers

BWXT HWM ATI AIR MOG-A VSEC SARO KRMN HII HXL KTOS RTX BA LHX TXT GD LMT NOC AVAV NPK TDG VVX PSN AXON HONA

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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.