Tax-loss harvesting alternatives for HERO

The closest fund alternative to HERO (Gaming & Esports) is ESPO (VanEck Video Gaming & eSports), with a return correlation of 0.93 over the past year. Among single names in the fund's slice of the market, TTWO (Take-Two Interactive) tracks it most closely at 0.46 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
ESPO	VanEck Video Gaming & eSports	Gaming & Esports	SUB-IND	0.93	0.86	0.89	0.91
SOCL	Global X Social Media ETF	Social Media	SUB-IND	0.72	0.72	0.78	0.80
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.54	0.59	0.67	0.67
IVV	iShares Core S&P 500	S&P 500	BROAD	0.53	0.59	0.65	0.65
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.53	0.58	0.65	0.65
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.53	0.59	0.65	0.65
VOX	Vanguard Communication Services	Comm Services Sector	SECTOR	0.49	0.55	0.66	0.67
FCOM	Fidelity MSCI Communication Services	Comm Services Sector	SECTOR	0.48	0.55	0.66	0.67
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.48	0.56	0.66	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.48	0.56	0.66	0.70
XLC	Communication Services SPDR	Comm Services Sector	SECTOR	0.44	0.53	0.63	0.65
IYZ	iShares US Telecommunications ETF	Telecom	INDUSTRY	0.28	0.45	0.54	0.54

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
TTWO	Take-Two Interactive	Interactive Home Entertainment	0.46	0.42	0.48	0.52
RBLX	Roblox Corp.	Interactive Home Entertainment	0.43	0.43	0.52	—

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Replacement research for HERO's peers

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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.