Tax-loss harvesting alternatives for JAZZ

Among the 30 Pharmaceuticals peers screened, AZN (AstraZeneca) has tracked JAZZ most closely over the past year, with a return correlation of 0.28. The strongest fund stand-in is IHE (iShares US Pharmaceuticals ETF) at 0.45 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
AZN	AstraZeneca	Pharmaceuticals	0.28	0.29	0.28	0.30
INDV	Indivior	Pharmaceuticals	0.27	0.21	0.04	0.04
ELAN	Elanco	Pharmaceuticals	0.27	0.26	0.29	0.30
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.27	0.31	0.33	0.33
PFE	Pfizer Inc.	Pharmaceuticals	0.26	0.31	0.30	0.32
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.26	0.24	0.23	0.25
GSK	GSK plc	Pharmaceuticals	0.26	0.25	0.26	0.30
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.25	0.21	0.25	0.30
JNJ	Johnson & Johnson	Pharmaceuticals	0.24	0.24	0.24	0.32
VTRS	Viatris	Pharmaceuticals	0.24	0.37	0.35	0.34
MRK	Merck & Co.	Pharmaceuticals	0.23	0.30	0.28	0.33
LLY	Eli Lilly	Pharmaceuticals	0.23	0.22	0.23	0.28
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.23	0.20	0.24	0.23
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.21	0.28	0.23	0.27
ABBV	AbbVie Inc.	Pharmaceuticals	0.20	0.25	0.25	0.30
INVA	Innoviva, Inc.	Pharmaceuticals	0.17	0.22	0.22	0.27
SNY	Sanofi S.A.	Pharmaceuticals	0.17	0.20	0.21	0.27
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.17	0.22	0.25	0.26
ALKS	Alkermes plc	Pharmaceuticals	0.17	0.29	0.29	0.31
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.15	0.12	0.14	0.17
PAHC	Phibro Animal Health	Pharmaceuticals	0.14	0.25	0.26	0.27
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.14	0.19	0.24	0.29
NVO	Novo Nordisk	Pharmaceuticals	0.13	0.16	0.18	0.20
LQDA	Liquidia Corporation	Pharmaceuticals	0.13	0.12	0.16	0.15
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.12	0.19	0.21	0.26
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.11	0.13	0.18	0.29
ZTS	Zoetis Inc.	Pharmaceuticals	0.10	0.21	0.26	0.32
PRGO	Perrigo	Pharmaceuticals	0.07	0.17	0.19	0.27
OGN	Organon & Co.	Pharmaceuticals	0.02	0.20	0.24	—
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.02	0.14	0.17	0.25

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
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.45	0.50	0.52	0.57
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.44	0.52	0.53	0.58
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.40	0.47	0.46	0.50
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.38	0.43	0.42	0.45
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.35	0.44	0.47	0.51
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.34	0.44	0.47	0.51
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.34	0.40	0.45	0.53
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.32	0.42	0.46	0.50
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.31	0.40	0.44	0.49
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.17	0.33	0.39	0.42
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.14	0.22	0.31	0.38
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.13	0.28	0.37	0.42

NEXT STEPS

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Replacement research for JAZZ's peers

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