Tax-loss harvesting alternatives for IWD

The closest fund alternative to IWD (Large Value) is RSP (Invesco S&P 500 Equal Weight), with a return correlation of 0.93 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
RSP	Invesco S&P 500 Equal Weight	S&P 500 Equal Weight	BROAD	0.93	0.97	0.97	0.98
MDY	SPDR S&P MidCap 400	Mid-Cap	BROAD	0.87	0.91	0.92	0.94
DIA	SPDR Dow Jones Industrial Average	Dow 30	BROAD	0.86	0.92	0.94	0.95
IWM	iShares Russell 2000	Small-Cap	BROAD	0.84	0.87	0.88	0.89
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.82	0.86	0.90	0.93
IVV	iShares Core S&P 500	S&P 500	BROAD	0.80	0.85	0.90	0.93
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.80	0.84	0.90	0.92
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.79	0.84	0.89	0.92
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.62	0.68	0.75	0.75
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.62	0.68	0.75	—
IWF	iShares Russell 1000 Growth	Large Growth	BROAD	0.55	0.66	0.75	0.79

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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.