Tax-loss harvesting alternatives for LVS

Among the 10 Casinos & Gaming peers screened, WYNN (Wynn Resorts) has tracked LVS most closely over the past year, with a return correlation of 0.61. The strongest fund stand-in is PEJ (Invesco Leisure & Entertainment) at 0.43 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
WYNN	Wynn Resorts	Casinos & Gaming	0.61	0.71	0.80	0.80
MGM	MGM Resorts	Casinos & Gaming	0.36	0.50	0.58	0.64
DKNG	DraftKings Inc.	Casinos & Gaming	0.31	0.32	0.37	0.33
BYD	Boyd Gaming	Casinos & Gaming	0.26	0.39	0.49	0.53
RRR	Red Rock Resorts, Inc.	Casinos & Gaming	0.25	0.38	0.44	0.50
CHDN	Churchill Downs Inc.	Casinos & Gaming	0.25	0.31	0.44	0.51
PENN	Penn Entertainment	Casinos & Gaming	0.23	0.32	0.42	0.45
CZR	Caesars Entertainment	Casinos & Gaming	0.17	0.35	0.47	0.49
MCRI	Monarch Casino & Resort, Inc.	Casinos & Gaming	0.13	0.26	0.39	0.47
RSI	Rush Street Interactive, Inc.	Casinos & Gaming	0.12	0.20	0.31	0.28

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
PEJ	Invesco Leisure & Entertainment	Leisure & Entertainment	INDUSTRY	0.43	0.47	0.55	0.59
XRT	SPDR S&P Retail ETF	Retail	INDUSTRY	0.35	0.41	0.43	0.44
IYC	iShares US Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.33	0.44	0.49	0.54
BETZ	Roundhill Sports Betting iGaming	Sports Betting	SUB-IND	0.30	0.39	0.52	0.50
FDIS	Fidelity MSCI Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.29	0.41	0.47	0.51
VCR	Vanguard Consumer Discretionary	Cons Discretionary Sector	SECTOR	0.29	0.41	0.47	0.52
XLY	Consumer Discretionary SPDR	Cons Discretionary Sector	SECTOR	0.27	0.40	0.46	0.51
RTH	VanEck Retail ETF	Retail	INDUSTRY	0.26	0.38	0.40	0.43
XHB	SPDR S&P Homebuilders ETF	Homebuilders	SUB-IND	0.21	0.33	0.37	0.43
ITB	iShares US Home Construction	Homebuilders	SUB-IND	0.20	0.29	0.34	0.38
DRIV	Global X Autonomous & EV ETF	Autonomous & EV	INDUSTRY	0.18	0.37	0.47	0.53
CARZ	First Trust S-Network EV & FV	Autos & EVs	INDUSTRY	0.15	0.33	0.43	0.48

NEXT STEPS

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Replacement research for LVS's peers

WYNN MGM DKNG BYD RRR CHDN PENN CZR MCRI RSI

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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.