Harvest Losses in Down Markets

Global stocks and bonds are both down on the year1 and volatility is still elevated — but broad losses offer big opportunities for tax-loss harvesting. Learn more.

Know Tax-Loss Harvesting Rules

What is Tax-Loss Harvesting?

Harvesting losses means selling investments in taxable accounts that have lost value to offset capital gains elsewhere and help reduce taxes owed.

What Happens When You Sell a Position That Has Lost Value?

What is the Wash-Sale rule?

How to Use Tax Swaps

Reposition Portfolios

Tax swaps enable you to invest proceeds from the sale of losing position in a more permanent way to lower costs or target new markets.

Lower Your Costs

Expense ratios for SPDR Portfolio ETFs are 93% lower than the median US-listed mutual fund.3 Replacing higher-fee mutual funds with low-cost core equity and bond ETFs may help you build more cost-efficient portfolios.

Target New Markets

Is ESG a priority? There are more ESG ETFs than ever to support broad market exposures. You can build a more ESG-centric portfolio by harvesting losses in traditional core holdings and swapping them for ESG ETFs.

Looking for Yield?

Consider these active SPDR® ETFs as swaps to seek higher yields while navigating ongoing volatility.

Compare Swaps Using Morningstar Tool

When to Harvest Losses

Why Not Wait Until Year-end?

The time to harvest losses is when losses occur. Investments that are down early in the year could bounce back into positive territory — resulting in missed opportunities to sell losers and book losses to offset gains.

To get maximum value from harvesting losses, take a long-term view of the asset and your needs when making decisions and consider:  

Loss Amount

Holding Period

Legacy Plans

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