Tax-loss harvesting alternatives for AZN

Among the 30 Pharmaceuticals peers screened, GSK (GSK plc) has tracked AZN most closely over the past year, with a return correlation of 0.57. The strongest fund stand-in is PPH (VanEck Pharma ETF) at 0.71 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
GSK	GSK plc	Pharmaceuticals	0.57	0.54	0.53	0.55
MRK	Merck & Co.	Pharmaceuticals	0.52	0.47	0.44	0.41
PFE	Pfizer Inc.	Pharmaceuticals	0.47	0.38	0.38	0.38
LLY	Eli Lilly	Pharmaceuticals	0.46	0.37	0.37	0.38
SNY	Sanofi S.A.	Pharmaceuticals	0.45	0.45	0.46	0.46
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.44	0.32	0.33	0.36
ABBV	AbbVie Inc.	Pharmaceuticals	0.44	0.38	0.36	0.37
JNJ	Johnson & Johnson	Pharmaceuticals	0.43	0.37	0.36	0.38
ELAN	Elanco	Pharmaceuticals	0.32	0.24	0.22	0.22
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.30	0.24	0.18	0.19
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.28	0.29	0.28	0.30
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.27	0.20	0.21	0.21
INVA	Innoviva, Inc.	Pharmaceuticals	0.27	0.27	0.24	0.23
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.26	0.17	0.15	0.15
ALKS	Alkermes plc	Pharmaceuticals	0.26	0.24	0.23	0.23
VTRS	Viatris	Pharmaceuticals	0.26	0.26	0.27	0.24
PRGO	Perrigo	Pharmaceuticals	0.26	0.23	0.22	0.22
NVO	Novo Nordisk	Pharmaceuticals	0.25	0.26	0.30	0.35
ZTS	Zoetis Inc.	Pharmaceuticals	0.21	0.28	0.29	0.35
INDV	Indivior	Pharmaceuticals	0.21	0.14	0.03	0.04
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.20	0.18	0.18	0.18
PAHC	Phibro Animal Health	Pharmaceuticals	0.18	0.16	0.17	0.23
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.18	0.18	0.19	0.19
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.16	0.18	0.19	0.23
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.14	0.16	0.19	0.22
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.14	0.12	0.14	0.17
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.10	0.06	0.07	0.13
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.09	0.09	0.12	0.20
OGN	Organon & Co.	Pharmaceuticals	0.08	0.21	0.23	—
LQDA	Liquidia Corporation	Pharmaceuticals	0.06	0.11	0.14	0.15

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	0.71	0.66	0.66	0.63
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.60	0.53	0.53	0.52
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.57	0.54	0.52	0.52
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.57	0.54	0.52	0.52
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.57	0.53	0.51	0.51
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.57	0.53	0.51	0.52
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.47	0.44	0.41	0.44
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.39	0.40	0.40	0.43
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.34	0.33	0.31	0.36
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.27	0.32	0.35	0.40
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.22	0.26	0.27	0.34
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.12	0.19	0.27	0.35

NEXT STEPS

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Replacement research for AZN's peers

GSK MRK PFE LLY SNY BMY ABBV JNJ ELAN AMRX JAZZ SUPN INVA ACAD ALKS VTRS PRGO NVO ZTS INDV PTCT PAHC COLL AMPH PBH PCRX CORT ANIP OGN LQDA

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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.