Tax-loss harvesting alternatives for NVDA

Among the 31 Semiconductors peers screened, AVGO (Broadcom Inc.) has tracked NVDA most closely over the past year, with a return correlation of 0.51. The strongest fund stand-in is VGT (Vanguard Info Tech ETF) at 0.75 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
AVGO	Broadcom Inc.	Semiconductors	0.51	0.62	0.63	0.60
AMD	Advanced Micro Devices	Semiconductors	0.48	0.54	0.66	0.64
LSCC	Lattice Semiconductor	Semiconductors	0.46	0.46	0.58	0.53
MPWR	Monolithic Power Systems	Semiconductors	0.46	0.58	0.67	0.66
AMKR	Amkor Technology	Semiconductors	0.46	0.50	0.55	0.52
RMBS	Rambus	Semiconductors	0.45	0.51	0.53	0.51
MU	Micron Technology	Semiconductors	0.44	0.51	0.54	0.56
SMTC	Semtech	Semiconductors	0.41	0.42	0.46	0.50
MTSI	MACOM Technology Solutions	Semiconductors	0.39	0.50	0.56	0.49
PENG	Penguin Solutions, Inc.	Semiconductors	0.39	0.40	0.46	0.43
MRVL	Marvell Technology	Semiconductors	0.38	0.53	0.61	0.59
INTC	Intel Corp.	Semiconductors	0.37	0.32	0.36	0.41
ON	ON Semiconductor	Semiconductors	0.35	0.38	0.53	0.54
AOSL	Alpha and Omega Semiconductor, Ltd.	Semiconductors	0.35	0.38	0.48	0.44
DIOD	Diodes Incorporated	Semiconductors	0.32	0.32	0.48	0.52
SITM	SiTime	Semiconductors	0.31	0.42	0.53	0.49
ALGM	Allegro MicroSystems	Semiconductors	0.31	0.37	0.47	—
SYNA	Synaptics	Semiconductors	0.31	0.36	0.54	0.47
ADI	Analog Devices	Semiconductors	0.31	0.43	0.54	0.57
MCHP	Microchip Technology	Semiconductors	0.30	0.41	0.53	0.56
GFS	GlobalFoundries	Semiconductors	0.29	0.34	0.46	—
OLED	Universal Display	Semiconductors	0.28	0.41	0.51	0.49
MXL	MaxLinear, Inc.	Semiconductors	0.28	0.34	0.42	0.43
POWI	Power Integrations	Semiconductors	0.26	0.31	0.45	0.49
NXPI	NXP Semiconductors	Semiconductors	0.24	0.41	0.54	0.51
TXN	Texas Instruments	Semiconductors	0.20	0.33	0.45	0.54
QCOM	Qualcomm Inc.	Semiconductors	0.19	0.43	0.54	0.52
CRUS	Cirrus Logic	Semiconductors	0.18	0.36	0.46	0.48
QRVO	Qorvo	Semiconductors	0.15	0.35	0.47	0.51
SWKS	Skyworks Solutions	Semiconductors	0.14	0.31	0.47	0.52
SLAB	Silicon Labs	Semiconductors	0.01	0.31	0.45	0.51

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
VGT	Vanguard Info Tech ETF	Tech Sector	SECTOR	0.75	0.79	0.81	0.77
FTEC	Fidelity MSCI Info Tech ETF	Tech Sector	SECTOR	0.75	0.79	0.81	0.77
XLK	Technology Select Sector SPDR	Tech Sector	SECTOR	0.72	0.78	0.80	0.76
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.68	0.74	0.78	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.68	0.74	0.78	0.75
SMH	VanEck Semiconductor ETF	Semiconductors	INDUSTRY	0.68	0.80	0.84	0.80
SOXX	iShares Semiconductor ETF	Semiconductors	INDUSTRY	0.59	0.69	0.77	0.77
PSI	Invesco Semiconductors ETF	Semiconductors	INDUSTRY	0.55	0.66	0.72	0.73
XSD	SPDR S&P Semiconductor ETF	Semiconductors (Equal Wt)	INDUSTRY	0.50	0.60	0.70	0.71
IGV	iShares Expanded Tech-Software	Software	INDUSTRY	0.31	0.51	0.64	0.66
HACK	ETFMG Prime Cyber Security	Cybersecurity	SUB-IND	0.30	0.47	0.57	0.60
BUG	Global X Cybersecurity ETF	Cybersecurity	SUB-IND	0.23	0.37	0.51	0.55

NEXT STEPS

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Replacement research for NVDA's peers

AVGO AMD LSCC MPWR AMKR RMBS MU SMTC MTSI PENG MRVL INTC ON AOSL DIOD SITM ALGM SYNA ADI MCHP GFS OLED MXL POWI NXPI TXN QCOM CRUS QRVO SWKS SLAB

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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.