[nullc]

I believe you and the prior posters are using different meanings for the word equivalent.

Buying the same asset under a different name (say, packaged under a different ticker on another exchange) would be a wash share.

Buying a truly different underlying asset in the same sector/region which has 99.9% correlation with the original asset you held would not be a wash sale.

[xapata]

> 99.9% correlation

I think that's either an exaggeration or exceedingly rare.