Tax-loss harvesting alternatives for RHI

Among the 9 Human Resource & Employment Services peers screened, MAN (ManpowerGroup) has tracked RHI most closely over the past year, with a return correlation of 0.73. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.19 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
MAN	ManpowerGroup	Human Resource & Employment Services	0.73	0.71	0.70	0.70
KFY	Korn/Ferry International	Human Resource & Employment Services	0.65	0.59	0.59	0.61
PAYX	Paychex Inc.	Human Resource & Employment Services	0.52	0.48	0.49	0.51
PCTY	Paylocity	Human Resource & Employment Services	0.50	0.42	0.43	0.39
ADP	Automatic Data Processing	Human Resource & Employment Services	0.50	0.44	0.44	0.46
NSP	Insperity	Human Resource & Employment Services	0.47	0.46	0.45	0.44
FA	First Advantage Corporation	Human Resource & Employment Services	0.46	0.46	0.42	—
PAYC	Paycom	Human Resource & Employment Services	0.37	0.33	0.37	0.38
UPWK	Upwork, Inc.	Human Resource & Employment Services	0.26	0.28	0.32	0.25

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	0.19	0.39	0.47	0.57
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.18	0.38	0.46	0.55
JETS	US Global Jets ETF	Airlines	SUB-IND	0.11	0.30	0.38	0.49
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.06	0.33	0.46	0.56
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	-0.03	0.14	0.27	0.46
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	-0.03	0.16	0.29	0.47
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	-0.05	0.15	0.29	0.46
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	-0.05	0.26	0.41	0.55
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	-0.06	0.25	0.40	0.54
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	-0.06	0.19	0.34	0.42
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	-0.06	0.26	0.40	0.55
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	-0.08	0.26	0.40	0.53

NEXT STEPS

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Replacement research for RHI's peers

MAN KFY PAYX PCTY ADP NSP FA PAYC 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.