Tax-loss harvesting alternatives for IPAY

The closest fund alternative to IPAY (Payments) is FINX (Global X FinTech ETF), with a return correlation of 0.88 over the past year. Among single names in the fund's slice of the market, GPN (Global Payments) tracks it most closely at 0.74 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
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.88	0.92	0.93	0.93
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.73	0.82	0.84	0.82
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.73	0.81	0.80	0.78
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.72	0.79	0.78	0.76
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.65	0.77	0.77	0.80
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.65	0.78	0.78	0.78
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.57	0.74	0.80	0.85
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.53	0.69	0.69	0.69
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.50	0.67	0.67	0.66
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.47	0.63	0.63	0.63
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.41	0.55	0.61	0.69
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.26	0.45	0.51	0.63

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
GPN	Global Payments	Transaction & Payment Processing Services	0.74	0.71	0.71	0.76
FIS	Fidelity National Info	Transaction & Payment Processing Services	0.66	0.58	0.60	0.68
PYPL	PayPal Holdings	Transaction & Payment Processing Services	0.64	0.67	0.72	0.72
EEFT	Euronet Worldwide	Transaction & Payment Processing Services	0.63	0.66	0.65	0.67
FISV	Fiserv	Transaction & Payment Processing Services	0.59	0.54	0.57	0.66
CPAY	Corpay	Transaction & Payment Processing Services	0.59	0.67	0.70	0.71
MA	Mastercard Inc.	Transaction & Payment Processing Services	0.58	0.62	0.71	0.78
FOUR	Shift4	Transaction & Payment Processing Services	0.53	0.58	0.65	0.63
EVTC	EVERTEC, Inc.	Transaction & Payment Processing Services	0.53	0.53	0.56	0.60
JKHY	Jack Henry & Associates	Transaction & Payment Processing Services	0.48	0.44	0.46	0.51
SEZL	Sezzle	Transaction & Payment Processing Services	0.47	0.36	—	—
RELY	Remitly	Transaction & Payment Processing Services	0.45	0.39	0.49	—
NATL	NCR Atleos	Transaction & Payment Processing Services	0.44	0.44	—	—
PAYO	Payoneer Global Inc.	Transaction & Payment Processing Services	0.42	0.46	0.51	—

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Replacement research for IPAY's peers

GPN FIS PYPL EEFT FISV CPAY MA FOUR EVTC JKHY SEZL RELY NATL 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.