Swap finder › US sector: materials
VAW tax-loss harvesting alternatives
Vanguard Materials ETF (Vanguard) tracks MSCI US IMI 25/50 Materials. If you hold VAW 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 VAW during the 31-day wait.
| Held fund | Index tracked | Issuer | Expense ratio | AUM | Holdings | Category |
|---|---|---|---|---|---|---|
| VAW Vanguard Materials ETF | MSCI US IMI 25/50 Materials | Vanguard | 0.09% | $3.03B | 114 | US sector: materials |
Sources: issuer fund page · public fund profile. Fund data as of 2026-10-16.
VAW wash sale alternatives (different index)
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| XLB State Street Materials Select Sector SPDR ETF | S&P Materials Select Sector | State Street | 0.08% | $7.94B | 0.978 | 69.0% | different index |
| VBR Vanguard Morningstar Small-Cap Value ETF | Morningstar US Small Cap Value TR USD | Vanguard | 0.05% | $35.80B | 0.767 | 7.2% | different indexloose match |
| VTV Vanguard Morningstar Value ETF | Morningstar US Large Cap Value TR USD | Vanguard | 0.03% | $188.59B | 0.760 | 3.2% | different indexloose match |
| IWR iShares Russell Midcap ETF | Russell Midcap | BlackRock | 0.18% | $56.69B | 0.758 | 4.3% | different indexloose match |
| VONV Vanguard Russell 1000 Value ETF | Russell 1000 Value | Vanguard | 0.06% | $22.25B | 0.755 | 3.5% | different indexloose match |
| IWD iShares Russell 1000 Value ETF | Russell 1000 Value | BlackRock | 0.18% | $83.25B | 0.754 | 3.4% | different indexloose match |
| SCHV Schwab U.S. Large-Cap Value ETF | Dow Jones US Total Stock Market Large-Cap Value | Charles Schwab | 0.04% | $15.41B | 0.748 | n/a | different indexloose match |
| RSP Invesco S&P 500 Equal Weight ETF | S&P 500 Equal Weighted | Invesco | 0.20% | $98.58B | 0.747 | n/a | different indexloose match |
Sorted by 1-year correlation of daily total returns with VAW (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 VAW
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 VAW in every account (including IRAs) for the window — a reinvested dividend is a purchase.
- Check automatic investments, a spouse’s accounts, and any VAW 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.