Tax-loss harvesting alternatives for PPH

The closest fund alternative to PPH (Pharmaceuticals) is IHE (iShares US Pharmaceuticals ETF), with a return correlation of 0.91 over the past year. Among single names in the fund's slice of the market, AZN (AstraZeneca) tracks it most closely at 0.71 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.91	0.90	0.90	0.91
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.91	0.88	0.87	0.89
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.90	0.88	0.87	0.89
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.90	0.87	0.86	0.89
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.90	0.87	0.86	0.89
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.68	0.68	0.66	0.73
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.56	0.64	0.67	0.78
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.49	0.52	0.59	0.68
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.48	0.52	0.51	0.60
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.34	0.38	0.41	0.50
XHS	SPDR S&P Health Care Services	Health Care Services	INDUSTRY	0.34	0.41	0.50	0.64
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.25	0.35	0.49	0.64

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
AZN	AstraZeneca	Pharmaceuticals	0.71	0.66	0.66	0.63
GSK	GSK plc	Pharmaceuticals	0.69	0.66	0.63	0.65
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.66	0.57	0.58	0.60
ABBV	AbbVie Inc.	Pharmaceuticals	0.63	0.59	0.58	0.61
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.40	0.36	0.32	0.38
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.39	0.27	0.27	0.29
ALKS	Alkermes plc	Pharmaceuticals	0.36	0.34	0.35	0.41
ELAN	Elanco	Pharmaceuticals	0.33	0.33	0.38	0.43
INVA	Innoviva, Inc.	Pharmaceuticals	0.30	0.35	0.33	0.41
INDV	Indivior	Pharmaceuticals	0.29	0.20	0.04	0.04
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.29	0.29	0.31	0.39
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.27	0.28	0.29	0.33
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.27	0.24	0.26	0.39
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.21	0.17	0.18	0.24

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Replacement research for PPH's peers

AZN GSK BMY ABBV AMRX ACAD ALKS ELAN INVA INDV AMPH COLL ANIP CORT

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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.