Tax-loss harvesting alternatives for JETS

The closest fund alternative to JETS (Airlines) is XTN (SPDR S&P Transportation ETF), with a return correlation of 0.75 over the past year. Among single names in the fund's slice of the market, UAL (United Airlines) tracks it most closely at 0.91 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
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.75	0.82	0.83	0.83
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.71	0.76	0.77	0.77
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.70	0.73	0.72	0.72
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.65	0.71	0.72	0.75
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.63	0.70	0.70	0.73
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.63	0.70	0.69	0.73
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.62	0.69	0.68	0.71
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.60	0.67	0.67	0.65
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.52	0.53	0.58	0.69
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.52	0.56	0.61	0.68
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.52	0.59	0.63	0.60
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.51	0.56	0.59	0.68

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
UAL	United Airlines	Passenger Airlines	0.91	0.89	0.91	0.92
DAL	Delta Air Lines	Passenger Airlines	0.90	0.90	0.92	0.92
AAL	American Airlines	Passenger Airlines	0.89	0.88	0.90	0.89
ALK	Alaska Air Group	Passenger Airlines	0.85	0.80	0.83	0.86
ALGT	Allegiant Travel	Passenger Airlines	0.83	0.79	0.78	0.76
LUV	Southwest Airlines	Passenger Airlines	0.83	0.78	0.81	0.83
SKYW	SkyWest Inc.	Passenger Airlines	0.79	0.72	0.72	0.75
JBLU	JetBlue Airways	Passenger Airlines	0.79	0.69	0.73	0.78

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Replacement research for JETS's peers

UAL DAL AAL ALK ALGT LUV SKYW JBLU

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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.