Tax-loss harvesting alternatives for PCTY

Among the 9 Human Resource & Employment Services peers screened, ADP (Automatic Data Processing) has tracked PCTY most closely over the past year, with a return correlation of 0.78. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.09 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
ADP	Automatic Data Processing	Human Resource & Employment Services	0.78	0.61	0.58	0.53
PAYX	Paychex Inc.	Human Resource & Employment Services	0.74	0.58	0.58	0.51
PAYC	Paycom	Human Resource & Employment Services	0.72	0.64	0.72	0.75
KFY	Korn/Ferry International	Human Resource & Employment Services	0.55	0.44	0.44	0.40
FA	First Advantage Corporation	Human Resource & Employment Services	0.54	0.43	0.41	—
RHI	Robert Half	Human Resource & Employment Services	0.49	0.43	0.43	0.39
NSP	Insperity	Human Resource & Employment Services	0.49	0.37	0.37	0.40
MAN	ManpowerGroup	Human Resource & Employment Services	0.49	0.38	0.37	0.33
UPWK	Upwork, Inc.	Human Resource & Employment Services	0.38	0.31	0.44	0.36

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
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.09	0.30	0.44	0.45
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.08	0.31	0.43	0.45
JETS	US Global Jets ETF	Airlines	SUB-IND	0.06	0.24	0.35	0.39
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	-0.09	0.27	0.45	0.50
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	-0.13	0.17	0.43	0.48
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	-0.14	0.14	0.30	0.41
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	-0.15	0.11	0.27	0.39
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	-0.16	0.12	0.31	0.41
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	-0.24	0.19	0.38	0.44
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	-0.25	0.18	0.36	0.42
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	-0.26	0.18	0.37	0.44
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	-0.30	0.16	0.35	0.42

NEXT STEPS

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Replacement research for PCTY's peers

ADP PAYX PAYC KFY FA RHI NSP MAN UPWK

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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.