Market Research Data

IYK Correlation & Overlap

Fund Strategy Analysis

iShares U.S. Consumer Staples ETF (IYK) is a key instrument in the Staples category. For portfolios allocated to the Staples sector, IYK 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

Staples

XLP

CORR ≥ 0.95*

98.0%

Correlation

With approximately 80% overlap in holdings, XLP and IYK exhibit highly synchronized price behavior. This structural similarity is a key data point for tax-loss harvesting research.

Overlap: ~80%

Yahoo Finance ↗View XLP Analysis →

VDC

CORR ≥ 0.95*

98.0%

Correlation

VDC and IYK share a specific relationship in their market behavior. The key distinction for tax purposes often lies in their divergent index methodologies despite high correlation.

Overlap: ~80%

Yahoo Finance ↗VDC Data Coming Soon

Note 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 IYK at a loss, U.S. wash sale rules generally restrict repurchasing the same or a substantially identical security within 30 days.

Sale Date

*For informational purposes only. Consult a tax professional regarding IRC §1091. This tool calculates the 31st day following a sale.

Thinking of selling IYK?Beta

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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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