Swap finder › US sector: health care
XBI tax-loss harvesting alternatives
State Street SPDR S&P Biotech ETF (State Street) tracks S&P Biotechnology Select Industry. If you hold XBI 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 XBI during the 31-day wait.
| Held fund | Index tracked | Issuer | Expense ratio | AUM | Holdings | Category |
|---|---|---|---|---|---|---|
| XBI State Street SPDR S&P Biotech ETF | S&P Biotechnology Select Industry | State Street | 0.35% | $10.07B | 167 | US sector: health care |
Sources: issuer fund page · public fund profile. Fund data as of 2026-10-16.
XBI wash sale alternatives (different index)
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| IBB iShares Biotechnology ETF | NYSE Biotechnology | BlackRock | 0.44% | $10.33B | 0.920 | 43.6% | different index |
| IWO iShares Russell 2000 Growth ETF | Russell 2000 Growth Benchmark | BlackRock | 0.24% | $13.70B | 0.644 | 13.5% | different indexloose match |
| IWM iShares Russell 2000 ETF | Russell 2000 | BlackRock | 0.19% | $77.08B | 0.606 | 9.0% | different indexloose match |
| VTWO Vanguard Russell 2000 ETF | Russell 2000 | Vanguard | 0.06% | $16.54B | 0.605 | 9.6% | different indexloose match |
| VHT Vanguard Health Care ETF | MSCI US IMI 25/50 Health Care | Vanguard | 0.09% | $19.02B | 0.599 | 16.4% | different indexloose match |
| QQQJ Invesco NASDAQ Next Gen 100 ETF | Nasdaq Next Generation 100 Index | Invesco | 0.15% | $1.18B | 0.599 | n/a | different indexloose match |
| VXF Vanguard Extended Market ETF | S&P Completion | Vanguard | 0.05% | $30.34B | 0.569 | 7.6% | different indexloose match |
| SCHA Schwab U.S. Small-Cap ETF | Dow Jones US Total Stock Market Small-Cap | Charles Schwab | 0.03% | $21.66B | 0.557 | n/a | different indexloose match |
Sorted by 1-year correlation of daily total returns with XBI (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.
Reserved for a clearly-labeled brokerage referral link in the future. There are no referral or affiliate links on this site today, and listings are not influenced by any issuer or broker.
Leveraged funds on the same index
Not suggested as swaps. They track S&P Biotechnology Select Industry with daily leverage; some practitioners still consider them potentially substantially identical. (Inverse funds on the same index are omitted here.)
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| LABU3x leveraged Direxion Daily S&P Biotech Bull 3X ETF | S&P Biotechnology Select Industry | Direxion | 0.96% | $562.14M | 0.999 | n/a | same index, different leverage — gray area |
30-day wash-sale calendar for XBI
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 XBI in every account (including IRAs) for the window — a reinvested dividend is a purchase.
- Check automatic investments, a spouse’s accounts, and any XBI 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.