Tax-loss harvesting alternatives for ROKU

Among the 10 Movies & Entertainment peers screened, DIS (Walt Disney Co.) has tracked ROKU most closely over the past year, with a return correlation of 0.34. The strongest fund stand-in is SOCL (Global X Social Media ETF) at 0.44 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
DIS	Walt Disney Co.	Movies & Entertainment	0.34	0.33	0.41	0.29
SPOT	Spotify Technology	Movies & Entertainment	0.28	0.24	0.46	0.43
WMG	Warner Music Group	Movies & Entertainment	0.26	0.25	0.35	0.30
NFLX	Netflix Inc.	Movies & Entertainment	0.22	0.25	0.40	0.38
SPHR	Sphere Entertainment	Movies & Entertainment	0.21	0.32	0.32	0.25
LYV	Live Nation Entertainment	Movies & Entertainment	0.20	0.30	0.35	0.26
MSGS	Madison Square Garden Sports Corp.	Movies & Entertainment	0.13	0.30	0.32	0.24
TKO	TKO Group Holdings	Movies & Entertainment	0.11	0.21	0.21	0.20
CNK	Cinemark Holdings, Inc.	Movies & Entertainment	0.08	0.14	0.29	0.18
PSKY	Paramount Skydance	Movies & Entertainment	—	—	—	—

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
SOCL	Global X Social Media ETF	Social Media	SUB-IND	0.44	0.45	0.58	0.49
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.44	0.52	0.52	0.40
IVV	iShares Core S&P 500	S&P 500	BROAD	0.44	0.52	0.52	0.40
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.44	0.52	0.53	0.40
VOX	Vanguard Communication Services	Comm Services Sector	SECTOR	0.42	0.50	0.60	0.47
FCOM	Fidelity MSCI Communication Services	Comm Services Sector	SECTOR	0.42	0.51	0.61	0.46
XLC	Communication Services SPDR	Comm Services Sector	SECTOR	0.40	0.47	0.57	0.50
HERO	Global X Video Games & Esports	Gaming & Esports	SUB-IND	0.39	0.38	0.50	0.50
ESPO	VanEck Video Gaming & eSports	Gaming & Esports	SUB-IND	0.39	0.43	0.55	0.51
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.38	0.49	0.54	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.38	0.49	0.54	0.46
IYZ	iShares US Telecommunications ETF	Telecom	INDUSTRY	0.27	0.42	0.49	0.36

NEXT STEPS

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Replacement research for ROKU's peers

DIS SPOT WMG NFLX SPHR LYV MSGS TKO CNK PSKY

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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.