Tax-loss harvesting alternatives for WU

Among the 18 Transaction & Payment Processing Services peers screened, EEFT (Euronet Worldwide) has tracked WU most closely over the past year, with a return correlation of 0.49. The strongest fund stand-in is IPAY (ETFMG Prime Mobile Payments) at 0.38 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
EEFT	Euronet Worldwide	Transaction & Payment Processing Services	0.49	0.49	0.47	0.47
GPN	Global Payments	Transaction & Payment Processing Services	0.35	0.38	0.42	0.46
CPAY	Corpay	Transaction & Payment Processing Services	0.33	0.38	0.44	0.47
EVTC	EVERTEC, Inc.	Transaction & Payment Processing Services	0.31	0.32	0.36	0.38
FIS	Fidelity National Info	Transaction & Payment Processing Services	0.30	0.34	0.38	0.42
FOUR	Shift4	Transaction & Payment Processing Services	0.29	0.27	0.28	0.25
V	Visa Inc.	Transaction & Payment Processing Services	0.26	0.32	0.37	0.45
MA	Mastercard Inc.	Transaction & Payment Processing Services	0.26	0.32	0.39	0.45
JKHY	Jack Henry & Associates	Transaction & Payment Processing Services	0.26	0.33	0.35	0.40
XYZ	Block Inc. (Square)	Transaction & Payment Processing Services	0.25	0.25	0.28	0.28
PYPL	PayPal Holdings	Transaction & Payment Processing Services	0.24	0.30	0.32	0.33
WEX	WEX Inc.	Transaction & Payment Processing Services	0.23	0.37	0.40	0.45
FISV	Fiserv	Transaction & Payment Processing Services	0.21	0.20	0.28	0.37
TOST	Toast, Inc.	Transaction & Payment Processing Services	0.18	0.20	0.21	—
RELY	Remitly	Transaction & Payment Processing Services	0.14	0.17	0.18	—
PAYO	Payoneer Global Inc.	Transaction & Payment Processing Services	0.14	0.18	0.17	—
SEZL	Sezzle	Transaction & Payment Processing Services	0.13	0.12	0.10	—
NATL	NCR Atleos	Transaction & Payment Processing Services	0.12	0.19	—	—

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
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.38	0.42	0.45	0.50
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.29	0.36	0.43	0.50
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.29	0.36	0.42	0.49
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.26	0.32	0.39	0.46
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.26	0.32	0.39	0.48
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.26	0.33	0.41	0.50
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.25	0.30	0.37	0.45
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.24	0.29	0.36	0.46
FINX	Global X FinTech ETF	FinTech	SUB-IND	0.24	0.32	0.35	0.40
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	0.22	0.30	0.38	0.47
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	0.18	0.24	0.27	0.30
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	0.15	0.24	0.33	0.43

NEXT STEPS

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Replacement research for WU's peers

EEFT GPN CPAY EVTC FIS FOUR V MA JKHY XYZ PYPL WEX FISV TOST RELY PAYO SEZL NATL

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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.