Tax-loss harvesting alternatives for AMGN

Among the 28 Biotechnology peers screened, BIIB (Biogen Inc.) has tracked AMGN most closely over the past year, with a return correlation of 0.50. The strongest fund stand-in is PPH (VanEck Pharma ETF) at 0.70 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
BIIB	Biogen Inc.	Biotechnology	0.50	0.51	0.42	0.40
VRTX	Vertex Pharmaceuticals	Biotechnology	0.49	0.38	0.38	0.44
INCY	Incyte	Biotechnology	0.48	0.37	0.35	0.38
REGN	Regeneron Pharmaceuticals	Biotechnology	0.48	0.41	0.39	0.44
GILD	Gilead Sciences	Biotechnology	0.47	0.42	0.45	0.49
EXEL	Exelixis	Biotechnology	0.37	0.20	0.21	0.30
HALO	Halozyme	Biotechnology	0.35	0.29	0.29	0.32
ALNY	Alnylam Pharmaceuticals	Biotechnology	0.32	0.29	0.24	0.27
FTRE	Fortrea	Biotechnology	0.31	0.28	0.28	—
BMRN	BioMarin Pharmaceutical	Biotechnology	0.29	0.32	0.29	0.37
NBIX	Neurocrine Biosciences	Biotechnology	0.29	0.25	0.22	0.30
VIR	Vir Biotechnology, Inc.	Biotechnology	0.27	0.26	0.22	0.12
ROIV	Roivant Sciences	Biotechnology	0.26	0.25	0.14	—
RGEN	Repligen	Biotechnology	0.25	0.23	0.19	0.27
XNCR	Xencor Inc	Biotechnology	0.24	0.27	0.28	0.34
MRNA	Moderna Inc.	Biotechnology	0.23	0.21	0.19	0.17
ADMA	ADMA Biologics, Inc.	Biotechnology	0.20	0.17	0.17	0.13
UTHR	United Therapeutics	Biotechnology	0.19	0.26	0.28	0.31
SRPT	Sarepta Therapeutics	Biotechnology	0.19	0.19	0.19	0.21
VCEL	Vericel	Biotechnology	0.19	0.23	0.22	0.22
RCUS	Arcus Biosciences, Inc.	Biotechnology	0.19	0.22	0.20	0.23
TGTX	TG Therapeutics, Inc.	Biotechnology	0.19	0.18	0.14	0.21
LGND	Ligand Pharmaceuticals, Inc.	Biotechnology	0.18	0.16	0.17	0.28
CYTK	Cytokinetics	Biotechnology	0.16	0.19	0.18	0.25
KRYS	Krystal Biotech	Biotechnology	0.15	0.19	0.15	0.20
HRMY	Harmony Biosciences Holdings, Inc.	Biotechnology	0.14	0.15	0.17	—
ARWR	Arrowhead Pharmaceuticals	Biotechnology	0.14	0.23	0.22	0.23
PTGX	Protagonist Therapeutics, Inc.	Biotechnology	0.13	0.19	0.09	0.10

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.70	0.61	0.58	0.63
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.69	0.64	0.59	0.66
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.68	0.64	0.59	0.67
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.68	0.63	0.58	0.66
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.67	0.63	0.58	0.66
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.65	0.58	0.55	0.62
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.62	0.61	0.52	0.61
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.40	0.42	0.35	0.45
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.38	0.45	0.42	0.51
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.31	0.33	0.33	0.46
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.27	0.30	0.27	0.35
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.18	0.29	0.33	0.45

NEXT STEPS

Harvesting a loss in AMGN?

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Replacement research for AMGN's peers

BIIB VRTX INCY REGN GILD EXEL HALO ALNY FTRE BMRN NBIX VIR ROIV RGEN XNCR MRNA ADMA UTHR SRPT VCEL RCUS TGTX LGND CYTK KRYS HRMY ARWR PTGX

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.