Tax-loss harvesting alternatives for LYV

Among the 11 Movies & Entertainment peers screened, SPHR (Sphere Entertainment) has tracked LYV most closely over the past year, with a return correlation of 0.29. The strongest fund stand-in is HERO (Global X Video Games & Esports) at 0.30 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
SPHR	Sphere Entertainment	Movies & Entertainment	0.29	0.35	0.38	0.39
DIS	Walt Disney Co.	Movies & Entertainment	0.27	0.34	0.44	0.49
MSGS	Madison Square Garden Sports Corp.	Movies & Entertainment	0.26	0.37	0.39	0.50
TKO	TKO Group Holdings	Movies & Entertainment	0.25	0.29	0.26	0.31
WMG	Warner Music Group	Movies & Entertainment	0.22	0.25	0.33	0.31
ROKU	Roku Inc.	Movies & Entertainment	0.17	0.30	0.35	0.26
NFLX	Netflix Inc.	Movies & Entertainment	0.15	0.25	0.33	0.27
SPOT	Spotify Technology	Movies & Entertainment	0.14	0.25	0.35	0.29
CNK	Cinemark Holdings, Inc.	Movies & Entertainment	0.11	0.15	0.35	0.45
PSKY	Paramount Skydance	Movies & Entertainment	0.06	0.11	0.22	0.32
WBD	Warner Bros. Discovery	Movies & Entertainment	0.06	0.25	0.32	0.35

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
HERO	Global X Video Games & Esports	Gaming & Esports	SUB-IND	0.30	0.38	0.43	0.38
XLC	Communication Services SPDR	Comm Services Sector	SECTOR	0.30	0.48	0.53	0.52
SOCL	Global X Social Media ETF	Social Media	SUB-IND	0.29	0.37	0.43	0.43
IVV	iShares Core S&P 500	S&P 500	BROAD	0.27	0.49	0.54	0.55
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.27	0.49	0.54	0.55
FCOM	Fidelity MSCI Communication Services	Comm Services Sector	SECTOR	0.27	0.46	0.53	0.51
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.27	0.49	0.54	0.55
VOX	Vanguard Communication Services	Comm Services Sector	SECTOR	0.27	0.46	0.53	0.52
ESPO	VanEck Video Gaming & eSports	Gaming & Esports	SUB-IND	0.26	0.40	0.46	0.42
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.17	0.43	0.51	0.48
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.17	0.42	0.51	—
IYZ	iShares US Telecommunications ETF	Telecom	INDUSTRY	0.09	0.35	0.42	0.45

NEXT STEPS

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Replacement research for LYV's peers

SPHR DIS MSGS TKO WMG ROKU NFLX SPOT CNK PSKY WBD

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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.