Tax-loss harvesting alternatives for SNY

Among the 30 Pharmaceuticals peers screened, PFE (Pfizer Inc.) has tracked SNY most closely over the past year, with a return correlation of 0.46. The strongest fund stand-in is PPH (VanEck Pharma ETF) at 0.53 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
PFE	Pfizer Inc.	Pharmaceuticals	0.46	0.39	0.33	0.40
AZN	AstraZeneca	Pharmaceuticals	0.45	0.45	0.46	0.46
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.41	0.32	0.30	0.33
GSK	GSK plc	Pharmaceuticals	0.40	0.42	0.50	0.53
MRK	Merck & Co.	Pharmaceuticals	0.38	0.36	0.34	0.39
JNJ	Johnson & Johnson	Pharmaceuticals	0.30	0.36	0.33	0.40
LLY	Eli Lilly	Pharmaceuticals	0.30	0.21	0.23	0.32
ABBV	AbbVie Inc.	Pharmaceuticals	0.30	0.32	0.30	0.34
ZTS	Zoetis Inc.	Pharmaceuticals	0.28	0.26	0.25	0.34
VTRS	Viatris	Pharmaceuticals	0.28	0.29	0.27	0.29
PRGO	Perrigo	Pharmaceuticals	0.27	0.24	0.22	0.26
ELAN	Elanco	Pharmaceuticals	0.27	0.17	0.17	0.21
ALKS	Alkermes plc	Pharmaceuticals	0.25	0.24	0.24	0.25
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.23	0.16	0.16	0.15
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.22	0.16	0.15	0.17
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.20	0.14	0.18	0.23
PAHC	Phibro Animal Health	Pharmaceuticals	0.17	0.17	0.18	0.24
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.17	0.20	0.21	0.27
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.17	0.08	0.11	0.16
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.17	0.19	0.17	0.17
INVA	Innoviva, Inc.	Pharmaceuticals	0.16	0.21	0.20	0.23
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.14	0.15	0.16	0.22
NVO	Novo Nordisk	Pharmaceuticals	0.14	0.21	0.23	0.31
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.12	0.11	0.14	0.18
INDV	Indivior	Pharmaceuticals	0.08	0.04	0.02	0.04
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.08	0.16	0.16	0.16
OGN	Organon & Co.	Pharmaceuticals	0.08	0.20	0.20	—
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.07	0.06	0.08	0.14
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.05	0.09	0.12	0.20
LQDA	Liquidia Corporation	Pharmaceuticals	0.02	0.07	0.08	0.10

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
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.53	0.55	0.55	0.59
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.49	0.45	0.43	0.51
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.49	0.45	0.43	0.50
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.49	0.44	0.42	0.50
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.49	0.44	0.42	0.50
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.44	0.42	0.41	0.48
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.37	0.38	0.35	0.43
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.37	0.29	0.29	0.39
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.36	0.25	0.24	0.34
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.29	0.33	0.32	0.40
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.27	0.29	0.27	0.35
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.16	0.19	0.26	0.36

NEXT STEPS

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Replacement research for SNY's peers

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

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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.