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HYG tax-loss harvesting alternatives
iShares iBoxx $ High Yield Corporate Bond ETF (BlackRock) tracks iBoxx USD Liquid High Yield Index. If you hold HYG at a loss, these ETFs track a different index, which generally makes them less likely to be considered “substantially identical” — while still moving closely with HYG during the 31-day wait.
| Held fund | Index tracked | Issuer | Expense ratio | AUM | Holdings | Category |
|---|---|---|---|---|---|---|
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | iBoxx USD Liquid High Yield Index | BlackRock | 0.49% | $17.48B | 1337 | Corporate / high yield |
Sources: issuer fund page · public fund profile. Fund data as of 2026-10-16.
HYG wash sale alternatives (different index)
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| JNK State Street SPDR Bloomberg High Yield Bond ETF | Bloomberg High Yield Very Liquid | State Street | 0.40% | $5.71B | 0.990 | n/a | different index |
| USHY iShares Broad USD High Yield Corporate Bond ETF | ICE BofA US High Yield Constrained | BlackRock | 0.08% | $25.21B | 0.983 | n/a | different index |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | ICE BofA US Corporate (5-10 Y) | BlackRock | 0.04% | $18.82B | 0.809 | n/a | different index |
| VCIT Vanguard Intermediate-Term Corporate Bond ETF | Bloomberg US Aggregate Credit - Corporate (5-10 Y) | Vanguard | 0.03% | $66.72B | 0.806 | n/a | different index |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | iBoxx USD Liquid Investment Grade Index | BlackRock | 0.14% | $28.90B | 0.790 | n/a | different indexloose match |
| VCSH Vanguard Short-Term Corporate Bond ETF | Bloomberg US Corporate (1-5 Y) | Vanguard | 0.03% | $45.03B | 0.770 | n/a | different indexloose match |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | ICE BofA US Corporate (1-5 Y) | BlackRock | 0.04% | $23.40B | 0.764 | n/a | different indexloose match |
| VCLT Vanguard Long-Term Corporate Bond ETF | Bloomberg US Corporate (10+ Y) | Vanguard | 0.03% | $7.99B | 0.747 | n/a | different indexloose match |
Sorted by 1-year correlation of daily total returns with HYG (through 2026-10-16). Holdings overlap = sum of the smaller weight of each common stock, from issuer holdings files; “n/a” where the issuer does not offer a free download or for bond/international/commodity funds. Hover a value for its as-of dates.
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30-day wash-sale calendar for HYG
The window is 30 calendar days before and after the sale (61 days total, IRC §1091(a)). Buying the replacement fund right away is the point of a swap; the dates above are about buying back the fund you sold, or anything substantially identical to it.
Before you swap
- Turn off dividend reinvestment for HYG in every account (including IRAs) for the window — a reinvested dividend is a purchase.
- Check automatic investments, a spouse’s accounts, and any HYG bought in the 30 days before the sale.
- Your broker generally only flags wash sales for the identical security in the same account. You are responsible for the rest.
- Read how wash sales work and the FAQ, then confirm your plan with a tax professional.