Tax-loss harvesting alternatives for XHE

The closest fund alternative to XHE (Medical Devices (Equal Wt)) is IHI (iShares Medical Devices ETF), with a return correlation of 0.85 over the past year. Among single names in the fund's slice of the market, BDX (Becton Dickinson) tracks it most closely at 0.64 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

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
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.85	0.85	0.87	0.88
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.64	0.68	0.73	0.77
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.64	0.68	0.73	0.77
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.61	0.65	0.69	0.74
XHS	SPDR S&P Health Care Services	Health Care Services	INDUSTRY	0.60	0.70	0.79	0.79
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.59	0.62	0.65	0.71
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.50	0.62	0.69	0.71
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.50	0.63	0.72	0.72
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.45	0.46	0.51	0.61
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.45	0.52	0.54	0.63
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.42	0.60	0.70	0.71
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.38	0.43	0.52	0.62

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
BDX	Becton Dickinson	Health Care Equipment	0.64	0.52	0.49	0.51
CNMD	CONMED Corporation	Health Care Equipment	0.64	0.60	0.64	0.65
BAX	Baxter International	Health Care Equipment	0.61	0.59	0.52	0.53
ENOV	Enovis	Health Care Equipment	0.61	0.63	0.61	0.60
GEHC	GE HealthCare	Health Care Equipment	0.60	0.60	0.56	—
GMED	Globus Medical	Health Care Equipment	0.55	0.50	0.56	0.57
EW	Edwards Lifesciences	Health Care Equipment	0.52	0.41	0.54	0.60
ABT	Abbott Laboratories	Health Care Equipment	0.50	0.45	0.54	0.60
DXCM	Dexcom	Health Care Equipment	0.47	0.44	0.54	0.53
AORT	Artivion	Health Care Equipment	0.45	0.49	0.54	0.53
BSX	Boston Scientific	Health Care Equipment	0.43	0.45	0.52	0.60
BRKR	Bruker	Health Care Equipment	0.38	0.46	0.50	0.55
GKOS	Glaukos Corp.	Health Care Equipment	0.36	0.48	0.56	0.54
AHCO	AdaptHealth Corp.	Health Care Equipment	0.21	0.35	0.39	0.32

NEXT STEPS

Harvesting a loss in XHE?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for XHE's peers

BDX CNMD BAX ENOV GEHC GMED EW ABT DXCM AORT BSX BRKR GKOS AHCO

Browse all tickers →

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.