Tax-loss harvesting alternatives for BMRN

Among the 28 Biotechnology peers screened, VRTX (Vertex Pharmaceuticals) has tracked BMRN most closely over the past year, with a return correlation of 0.40. The strongest fund stand-in is IBB (iShares Biotechnology ETF) at 0.50 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
VRTX	Vertex Pharmaceuticals	Biotechnology	0.40	0.26	0.32	0.41
INCY	Incyte	Biotechnology	0.37	0.31	0.34	0.42
REGN	Regeneron Pharmaceuticals	Biotechnology	0.33	0.34	0.33	0.37
BIIB	Biogen Inc.	Biotechnology	0.33	0.34	0.34	0.32
SRPT	Sarepta Therapeutics	Biotechnology	0.32	0.24	0.28	0.30
NBIX	Neurocrine Biosciences	Biotechnology	0.31	0.28	0.31	0.36
AMGN	Amgen Inc.	Biotechnology	0.29	0.32	0.29	0.37
GILD	Gilead Sciences	Biotechnology	0.27	0.26	0.28	0.35
EXEL	Exelixis	Biotechnology	0.25	0.17	0.24	0.34
RGEN	Repligen	Biotechnology	0.25	0.28	0.31	0.33
HALO	Halozyme	Biotechnology	0.23	0.28	0.29	0.35
VIR	Vir Biotechnology, Inc.	Biotechnology	0.22	0.22	0.23	0.14
FTRE	Fortrea	Biotechnology	0.22	0.25	0.24	—
TGTX	TG Therapeutics, Inc.	Biotechnology	0.20	0.23	0.26	0.26
ADMA	ADMA Biologics, Inc.	Biotechnology	0.20	0.21	0.25	0.21
HRMY	Harmony Biosciences Holdings, Inc.	Biotechnology	0.19	0.21	0.24	—
XNCR	Xencor Inc	Biotechnology	0.19	0.28	0.31	0.34
MRNA	Moderna Inc.	Biotechnology	0.19	0.19	0.21	0.16
ALNY	Alnylam Pharmaceuticals	Biotechnology	0.18	0.23	0.27	0.33
KRYS	Krystal Biotech	Biotechnology	0.18	0.26	0.25	0.23
VCEL	Vericel	Biotechnology	0.18	0.26	0.30	0.27
ARWR	Arrowhead Pharmaceuticals	Biotechnology	0.17	0.28	0.35	0.29
LGND	Ligand Pharmaceuticals, Inc.	Biotechnology	0.17	0.22	0.29	0.34
PTGX	Protagonist Therapeutics, Inc.	Biotechnology	0.16	0.16	0.16	0.14
ROIV	Roivant Sciences	Biotechnology	0.16	0.24	0.23	—
CYTK	Cytokinetics	Biotechnology	0.16	0.20	0.26	0.28
RCUS	Arcus Biosciences, Inc.	Biotechnology	0.13	0.27	0.30	0.28
UTHR	United Therapeutics	Biotechnology	0.12	0.22	0.26	0.34

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
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.50	0.52	0.56	0.60
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.44	0.47	0.48	0.53
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.43	0.47	0.53	0.57
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.43	0.47	0.48	0.53
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.43	0.46	0.46	0.52
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.40	0.44	0.44	0.49
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.39	0.42	0.47	0.51
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.39	0.42	0.43	0.50
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.36	0.40	0.41	0.48
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.34	0.36	0.43	0.46
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.27	0.32	0.37	0.43
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.23	0.24	0.31	0.38

NEXT STEPS

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Replacement research for BMRN's peers

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

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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.