Tax-loss harvesting alternatives for FTRE

Among the 28 Biotechnology peers screened, RGEN (Repligen) has tracked FTRE most closely over the past year, with a return correlation of 0.47. The strongest fund stand-in is ARKG (ARK Genomic Revolution ETF) at 0.48 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
RGEN	Repligen	Biotechnology	0.47	0.36	0.34	—
AMGN	Amgen Inc.	Biotechnology	0.31	0.28	0.28	—
ARWR	Arrowhead Pharmaceuticals	Biotechnology	0.30	0.27	0.26	—
SRPT	Sarepta Therapeutics	Biotechnology	0.28	0.23	0.22	—
INCY	Incyte	Biotechnology	0.26	0.25	0.24	—
NBIX	Neurocrine Biosciences	Biotechnology	0.26	0.25	0.24	—
VIR	Vir Biotechnology, Inc.	Biotechnology	0.23	0.22	0.21	—
XNCR	Xencor Inc	Biotechnology	0.22	0.31	0.30	—
BMRN	BioMarin Pharmaceutical	Biotechnology	0.22	0.25	0.24	—
ADMA	ADMA Biologics, Inc.	Biotechnology	0.22	0.20	0.19	—
RCUS	Arcus Biosciences, Inc.	Biotechnology	0.21	0.25	0.23	—
TGTX	TG Therapeutics, Inc.	Biotechnology	0.21	0.09	0.07	—
ROIV	Roivant Sciences	Biotechnology	0.19	0.22	0.19	—
VRTX	Vertex Pharmaceuticals	Biotechnology	0.19	0.18	0.18	—
BIIB	Biogen Inc.	Biotechnology	0.19	0.24	0.23	—
VCEL	Vericel	Biotechnology	0.18	0.32	0.31	—
ALNY	Alnylam Pharmaceuticals	Biotechnology	0.17	0.15	0.14	—
CYTK	Cytokinetics	Biotechnology	0.17	0.19	0.19	—
EXEL	Exelixis	Biotechnology	0.16	0.14	0.13	—
REGN	Regeneron Pharmaceuticals	Biotechnology	0.16	0.20	0.19	—
HALO	Halozyme	Biotechnology	0.15	0.20	0.20	—
KRYS	Krystal Biotech	Biotechnology	0.15	0.20	0.19	—
LGND	Ligand Pharmaceuticals, Inc.	Biotechnology	0.15	0.21	0.20	—
MRNA	Moderna Inc.	Biotechnology	0.11	0.14	0.14	—
HRMY	Harmony Biosciences Holdings, Inc.	Biotechnology	0.11	0.16	0.16	—
UTHR	United Therapeutics	Biotechnology	0.06	0.14	0.13	—
GILD	Gilead Sciences	Biotechnology	0.05	0.08	0.07	—
PTGX	Protagonist Therapeutics, Inc.	Biotechnology	0.03	0.06	0.04	—

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
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.48	0.45	0.43	—
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.38	0.43	0.42	—
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.36	0.40	0.39	—
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.36	0.40	0.39	—
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.35	0.38	0.37	—
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.34	0.39	0.38	—
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.32	0.36	0.35	—
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.30	0.36	0.34	—
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.29	0.38	0.37	—
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.28	0.31	0.30	—
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.21	0.29	0.28	—
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.18	0.23	0.22	—

NEXT STEPS

Harvesting a loss in FTRE?

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Replacement research for FTRE's peers

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