IJR Correlation & Overlap
Fund Strategy Analysis
iShares Core S&P Small-Cap ETF (IJR) is a key instrument in the Small Cap category. For portfolios allocated to the Small Cap sector, IJR is a primary vehicle. Market research often focuses on finding partner assets that preserve this specific market exposure without triggering wash sale rules.
Note: This page summarizes historical similarity metrics and does not assess tax treatment or regulatory outcomes.
Top Correlated ETFs
Small CapNote on Overlap: Estimates are based on the most recent publicly disclosed holdings. Leveraged/Inverse products often use swaps resulting in low physical overlap despite high correlation.
Benchmark Similarity: ETFs tracking similar broad-market or sector-specific benchmarks often exhibit extremely high correlation. Investors typically review additional factors such as index methodology when evaluating similarity.
* Correlation calculated using 2-year daily price returns.
Wash Sale Re-Entry Date (Reference Tool)
If you sold IJR at a loss, U.S. wash sale rules generally restrict repurchasing the same or a substantially identical security within 30 days.
*For informational purposes only. Consult a tax professional regarding IRC §1091. This tool calculates the 31st day following a sale.
Thinking of selling IJR?Beta
Avoid the "Cash Trap". Calculate if the tax deduction is worth the risk of missing a market rebound.
Related ETF Research
What is Correlation?
Correlation measures the historical relationship between two assets. A value of 1.00 (100%) means they move perfectly in sync. For tax loss harvesting, high correlation is generally desired to stay in the market while realizing a loss.
Index Methodology
Under the wash sale rule, "substantially identical" assets are disallowed for loss claims. Many investors argue that ETFs tracking different indices (e.g., S&P 500 vs. Russell 1000) are not substantially identical.
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