Tax-loss harvesting alternatives for VYM

The closest fund alternative to VYM (Dividend) is IWD (iShares Russell 1000 Value), with a return correlation of 0.89 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IWD	iShares Russell 1000 Value	Large Value	BROAD	0.89	0.95	0.96	0.98
RSP	Invesco S&P 500 Equal Weight	S&P 500 Equal Weight	BROAD	0.88	0.94	0.94	0.96
DIA	SPDR Dow Jones Industrial Average	Dow 30	BROAD	0.84	0.90	0.92	0.94
IWM	iShares Russell 2000	Small-Cap	BROAD	0.77	0.83	0.83	0.84
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.75	0.84	0.86	0.90
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.73	0.82	0.86	0.90
IVV	iShares Core S&P 500	S&P 500	BROAD	0.73	0.82	0.85	0.90
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.72	0.82	0.85	0.90
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.53	0.66	0.69	—
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.53	0.66	0.69	0.72
IWF	iShares Russell 1000 Growth	Large Growth	BROAD	0.52	0.65	0.70	0.76

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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.