Market Research Data

QUAL Correlation & Overlap

Fund Strategy Analysis

iShares MSCI USA Quality Factor ETF (QUAL) is a key instrument in the Factor category. QUAL offers targeted access to the Factor market. To capture tax benefits without exiting this position entirely, market participants often evaluate pairs with high correlation but distinct underlying indices.

Note: This page summarizes historical similarity metrics and does not assess tax treatment or regulatory outcomes.

Top Correlated ETFs

Factor

SPHQ

CORR ≥ 0.95*

96.0%

Correlation

A holdings overlap of roughly 50% suggests that SPHQ and QUAL maintain aligned market exposure. This metric is frequently used to assess the potential for maintaining economic position while realizing a tax loss.

Overlap: ~50%

Yahoo Finance ↗SPHQ Data Coming Soon

JQUA

CORR ≥ 0.95*

95.0%

Correlation

JQUA shows a high degree of historical similarity with QUAL. With an estimated overlap of 45%, this pair is often analyzed in discussions regarding "substantially identical" securities.

Overlap: ~45%

Yahoo Finance ↗JQUA 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 QUAL 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.

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Related ETF Research

VOO Metrics IVV Metrics SPY Metrics QQQ Metrics VTI Metrics

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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