Tax-loss harvesting alternatives for FIS

Among the 18 Transaction & Payment Processing Services peers screened, JKHY (Jack Henry & Associates) has tracked FIS most closely over the past year, with a return correlation of 0.63. The strongest fund stand-in is IPAY (ETFMG Prime Mobile Payments) at 0.66 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
JKHY	Jack Henry & Associates	Transaction & Payment Processing Services	0.63	0.57	0.53	0.54
TOST	Toast, Inc.	Transaction & Payment Processing Services	0.60	0.42	0.34	—
GPN	Global Payments	Transaction & Payment Processing Services	0.57	0.44	0.57	0.65
FISV	Fiserv	Transaction & Payment Processing Services	0.53	0.43	0.48	0.60
MA	Mastercard Inc.	Transaction & Payment Processing Services	0.53	0.49	0.54	0.62
EEFT	Euronet Worldwide	Transaction & Payment Processing Services	0.53	0.47	0.48	0.51
PYPL	PayPal Holdings	Transaction & Payment Processing Services	0.50	0.43	0.42	0.46
WEX	WEX Inc.	Transaction & Payment Processing Services	0.50	0.40	0.46	0.53
V	Visa Inc.	Transaction & Payment Processing Services	0.48	0.44	0.50	0.61
EVTC	EVERTEC, Inc.	Transaction & Payment Processing Services	0.42	0.35	0.40	0.45
FOUR	Shift4	Transaction & Payment Processing Services	0.39	0.38	0.38	0.35
CPAY	Corpay	Transaction & Payment Processing Services	0.39	0.41	0.47	0.53
XYZ	Block Inc. (Square)	Transaction & Payment Processing Services	0.34	0.31	0.37	0.40
NATL	NCR Atleos	Transaction & Payment Processing Services	0.29	0.26	—	—
WU	Western Union	Transaction & Payment Processing Services	0.28	0.32	0.38	0.42
SEZL	Sezzle	Transaction & Payment Processing Services	0.26	0.14	—	—
RELY	Remitly	Transaction & Payment Processing Services	0.25	0.18	0.21	—
PAYO	Payoneer Global Inc.	Transaction & Payment Processing Services	0.19	0.18	0.24	—

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
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.66	0.58	0.60	0.68
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.49	0.50	0.52	0.57
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.49	0.50	0.53	0.59
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.48	0.50	0.52	0.57
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.42	0.42	0.44	0.54
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.42	0.46	0.50	0.59
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.35	0.42	0.46	0.54
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.34	0.36	0.39	0.51
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.30	0.35	0.38	0.42
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.25	0.36	0.43	0.47
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.23	0.34	0.41	0.45
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.21	0.36	0.45	0.50

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Replacement research for FIS's peers

JKHY TOST GPN FISV MA EEFT PYPL WEX V EVTC FOUR CPAY XYZ NATL WU SEZL RELY PAYO

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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.