Tax-loss harvesting alternatives for OMCL

Among the 6 Health Care Technology peers screened, VEEV (Veeva Systems) has tracked OMCL most closely over the past year, with a return correlation of 0.28. The strongest fund stand-in is XHE (SPDR S&P Health Care Equipment) at 0.36 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
VEEV	Veeva Systems	Health Care Technology	0.28	0.19	0.26	0.28
HSTM	HealthStream, Inc.	Health Care Technology	0.23	0.22	0.22	0.28
WAY	Waystar Holding Corp	Health Care Technology	0.22	0.21	—	—
DOCS	Doximity	Health Care Technology	0.21	0.15	0.22	—
SOLV	Solventum	Health Care Technology	0.20	0.23	—	—
CERT	Certara, Inc.	Health Care Technology	0.19	0.24	0.27	—

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
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.36	0.39	0.44	0.47
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.27	0.30	0.38	0.42
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.23	0.26	0.32	0.39
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.22	0.26	0.32	0.39
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.22	0.25	0.30	0.38
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.22	0.25	0.31	0.37
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.20	0.23	0.28	0.36
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.19	0.27	0.32	0.36
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.18	0.19	0.23	0.33
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.17	0.25	0.31	0.34
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.16	0.17	0.21	0.32
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.14	0.18	0.23	0.33

NEXT STEPS

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Replacement research for OMCL's peers

VEEV HSTM WAY DOCS SOLV CERT

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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.