Tax-loss harvesting alternatives for KBWB

The closest fund alternative to KBWB (Large Banks) is IYF (iShares US Financials ETF), with a return correlation of 0.90 over the past year. Among single names in the fund's slice of the market, BAC (Bank of America) tracks it most closely at 0.86 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
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.90	0.92	0.93	0.93
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.87	0.91	0.93	0.95
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.86	0.92	0.94	0.96
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.86	0.89	0.91	0.94
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.82	0.90	0.91	0.94
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.74	0.83	0.84	0.87
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.59	0.68	0.70	0.73
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.53	0.69	0.69	0.69
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.47	0.64	0.63	0.59
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.43	0.60	0.56	0.50
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.36	0.56	0.69	0.81
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.28	0.49	0.65	0.79

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
BAC	Bank of America	Diversified Banks	0.86	0.89	0.89	0.93
C	Citigroup Inc.	Diversified Banks	0.82	0.83	0.83	0.88
ASB	Associated Bank	Regional Banks	0.80	0.86	0.83	0.86
AUB	Atlantic Union Bankshares, Corp.	Regional Banks	0.75	0.81	0.78	0.80
ABCB	Ameris Bancorp	Regional Banks	0.73	0.83	0.82	0.83
BANC	Banc Of California, Inc.	Regional Banks	0.72	0.74	0.74	0.71
CATY	Cathay General Bancorp	Regional Banks	0.71	0.79	0.80	0.85
AX	Axos Financial, Inc.	Regional Banks	0.71	0.75	0.76	0.75
BKU	BankUnited, Inc.	Regional Banks	0.69	0.80	0.81	0.82
BOH	Bank of Hawaii	Regional Banks	0.67	0.73	0.74	0.80
BANF	Bancfirst Corp	Regional Banks	0.66	0.73	0.65	0.72
BANR	Banner Corporation	Regional Banks	0.61	0.74	0.75	0.81
BBT	Beacon Financial Corp.	Regional Banks	0.56	0.72	0.73	0.76
CASH	Pathward Financial, Inc.	Regional Banks	0.50	0.65	0.67	0.64

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BAC C ASB AUB ABCB BANC CATY AX BKU BOH BANF BANR BBT CASH

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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.