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Educational only — not tax, legal, or investment advice. Whether two funds are “substantially identical” depends on facts and circumstances; the IRS has not published a bright-line test for ETFs. Consult a qualified tax professional before you trade.

Swap finder › US sector: health care

IBB tax-loss harvesting alternatives

iShares Biotechnology ETF (BlackRock) tracks NYSE Biotechnology. If you hold IBB 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 IBB during the 31-day wait.

Held fundIndex trackedIssuerExpense ratioAUMHoldingsCategory
IBB
iShares Biotechnology ETF
NYSE BiotechnologyBlackRock0.44%$10.33B248US sector: health care

Sources: issuer fund page · public fund profile. Fund data as of 2026-10-16.

IBB wash sale alternatives (different index)

ETFIndex trackedIssuerExpense ratioAUM1-yr correlationHoldings overlapNotes
XBI
State Street SPDR S&P Biotech ETF
S&P Biotechnology Select IndustryState Street0.35%$10.07B0.92043.6%different index
VHT
Vanguard Health Care ETF
MSCI US IMI 25/50 Health CareVanguard0.09%$19.02B0.77819.5%different indexloose match
XLV
State Street Health Care Select Sector SPDR ETF
S&P Health Care Select SectorState Street0.08%$43.77B0.69413.2%different indexloose match
QQQJ
Invesco NASDAQ Next Gen 100 ETF
Nasdaq Next Generation 100 IndexInvesco0.15%$1.18B0.569n/adifferent indexloose match
IWO
iShares Russell 2000 Growth ETF
Russell 2000 Growth BenchmarkBlackRock0.24%$13.70B0.55214.4%different indexloose match
IWM
iShares Russell 2000 ETF
Russell 2000BlackRock0.19%$77.08B0.5409.7%different indexloose match
VTWO
Vanguard Russell 2000 ETF
Russell 2000Vanguard0.06%$16.54B0.53910.5%different indexloose match
VXF
Vanguard Extended Market ETF
S&P CompletionVanguard0.05%$30.34B0.5218.3%different indexloose match

Sorted by 1-year correlation of daily total returns with IBB (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 IBB

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