Tax-loss harvesting alternatives for XHS

The closest fund alternative to XHS (Health Care Services) is IHF (iShares Health Care Providers), with a return correlation of 0.81 over the past year. Among single names in the fund's slice of the market, CON (Concentra Group Holdings Parent, Inc.) tracks it most closely at 0.54 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
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.81	0.77	0.77	0.85
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.56	0.65	0.72	0.77
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.56	0.65	0.72	0.77
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.52	0.61	0.68	0.74
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.51	0.60	0.65	0.72
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.51	0.62	0.71	0.65
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.50	0.58	0.68	0.72
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.42	0.56	0.66	0.66
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.39	0.55	0.65	0.69
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.36	0.53	0.65	0.64
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.34	0.46	0.52	0.64
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.34	0.41	0.50	0.64

STOCKS

Single-name peers

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

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
CON	Concentra Group Holdings Parent, Inc.	Health Care Services	0.54	0.56	—	—
ADUS	Addus HomeCare Corp.	Health Care Services	0.52	0.51	0.53	0.47
ELV	Elevance Health	Managed Health Care	0.48	0.46	0.45	0.57
ALHC	Alignment Healthcare, Inc.	Health Care Services	0.47	0.40	0.47	—
CNC	Centene Corp.	Managed Health Care	0.46	0.41	0.41	0.53
CVS	CVS Health	Health Care Services	0.46	0.41	0.39	0.47
CI	Cigna Group	Managed Health Care	0.45	0.37	0.41	0.56
BTSG	BrightSpring Health Services	Health Care Services	0.41	0.46	—	—
CRVL	CorVel Corporation	Health Care Services	0.37	0.49	0.50	0.56
AMN	Amn Healthcare Services, Inc.	Health Care Services	0.35	0.41	0.38	0.40
HCA	HCA Healthcare	Health Care Services	0.34	0.44	0.51	0.64
CHE	Chemed Corp.	Health Care Services	0.33	0.35	0.43	0.54
DGX	Quest Diagnostics	Health Care Services	0.26	0.34	0.38	0.50
DVA	DaVita	Health Care Services	0.21	0.37	0.37	0.47

NEXT STEPS

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Replacement research for XHS's peers

CON ADUS ELV ALHC CNC CVS CI BTSG CRVL AMN HCA CHE DGX DVA

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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.