Tax-loss harvesting alternatives for CORT

Among the 30 Pharmaceuticals peers screened, ALKS (Alkermes plc) has tracked CORT most closely over the past year, with a return correlation of 0.21. The strongest fund stand-in is XPH (SPDR S&P Pharmaceuticals) at 0.33 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
ALKS	Alkermes plc	Pharmaceuticals	0.21	0.15	0.16	0.19
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.20	0.15	0.14	0.13
VTRS	Viatris	Pharmaceuticals	0.20	0.12	0.13	0.16
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.20	0.12	0.13	0.14
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.19	0.11	0.15	0.16
NVO	Novo Nordisk	Pharmaceuticals	0.17	0.10	0.09	0.12
PFE	Pfizer Inc.	Pharmaceuticals	0.15	0.10	0.09	0.13
ELAN	Elanco	Pharmaceuticals	0.15	0.12	0.14	0.14
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.15	0.12	0.14	0.17
LLY	Eli Lilly	Pharmaceuticals	0.14	0.10	0.10	0.14
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.14	0.14	0.14	0.17
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.13	0.12	0.12	0.15
INDV	Indivior	Pharmaceuticals	0.13	0.08	-0.00	0.00
MRK	Merck & Co.	Pharmaceuticals	0.13	0.09	0.10	0.14
ABBV	AbbVie Inc.	Pharmaceuticals	0.12	0.11	0.10	0.17
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.12	0.10	0.12	0.14
GSK	GSK plc	Pharmaceuticals	0.11	0.08	0.08	0.13
AZN	AstraZeneca	Pharmaceuticals	0.10	0.06	0.07	0.13
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.10	0.10	0.13	0.16
LQDA	Liquidia Corporation	Pharmaceuticals	0.10	0.06	0.07	0.07
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.09	0.08	0.08	0.13
OGN	Organon & Co.	Pharmaceuticals	0.08	0.12	0.14	—
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.07	0.11	0.16	0.18
SNY	Sanofi S.A.	Pharmaceuticals	0.07	0.06	0.08	0.14
JNJ	Johnson & Johnson	Pharmaceuticals	0.05	0.09	0.09	0.15
ZTS	Zoetis Inc.	Pharmaceuticals	0.04	0.09	0.13	0.17
PAHC	Phibro Animal Health	Pharmaceuticals	0.03	0.07	0.09	0.13
PRGO	Perrigo	Pharmaceuticals	0.01	0.05	0.07	0.12
INVA	Innoviva, Inc.	Pharmaceuticals	0.01	0.04	0.11	0.16
PBH	Prestige Consumer Healthcare	Pharmaceuticals	-0.06	0.06	0.09	0.13

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
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.33	0.34	0.35	0.35
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.31	0.19	0.24	0.29
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.31	0.21	0.24	0.29
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.30	0.28	0.28	0.31
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.24	0.21	0.23	0.28
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.24	0.21	0.22	0.27
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.22	0.20	0.21	0.26
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.21	0.17	0.18	0.24
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.20	0.19	0.20	0.25
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.18	0.20	0.23	0.26
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.17	0.13	0.16	0.21
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.08	0.16	0.19	0.23

NEXT STEPS

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Replacement research for CORT's peers

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

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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.