Tax-loss harvesting alternatives for ACAD

Among the 30 Pharmaceuticals peers screened, ALKS (Alkermes plc) has tracked ACAD most closely over the past year, with a return correlation of 0.35. The strongest fund stand-in is IBB (iShares Biotechnology ETF) at 0.56 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
ALKS	Alkermes plc	Pharmaceuticals	0.35	0.28	0.27	0.29
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.31	0.28	0.28	0.22
LLY	Eli Lilly	Pharmaceuticals	0.31	0.19	0.15	0.15
INDV	Indivior	Pharmaceuticals	0.31	0.15	0.00	-0.01
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.31	0.19	0.24	0.22
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.27	0.20	0.15	0.19
VTRS	Viatris	Pharmaceuticals	0.26	0.26	0.22	0.21
AZN	AstraZeneca	Pharmaceuticals	0.26	0.17	0.15	0.15
INVA	Innoviva, Inc.	Pharmaceuticals	0.26	0.22	0.22	0.25
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.26	0.24	0.23	0.25
GSK	GSK plc	Pharmaceuticals	0.24	0.16	0.14	0.15
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.24	0.21	0.21	0.18
PFE	Pfizer Inc.	Pharmaceuticals	0.24	0.13	0.10	0.15
ABBV	AbbVie Inc.	Pharmaceuticals	0.24	0.13	0.12	0.18
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.23	0.18	0.22	0.22
SNY	Sanofi S.A.	Pharmaceuticals	0.23	0.16	0.16	0.15
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.22	0.16	0.22	0.20
JNJ	Johnson & Johnson	Pharmaceuticals	0.21	0.14	0.11	0.15
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.20	0.21	0.18	0.20
PRGO	Perrigo	Pharmaceuticals	0.20	0.21	0.19	0.20
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.20	0.22	0.18	0.18
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.20	0.12	0.13	0.14
MRK	Merck & Co.	Pharmaceuticals	0.20	0.14	0.12	0.13
NVO	Novo Nordisk	Pharmaceuticals	0.18	0.13	0.13	0.12
ELAN	Elanco	Pharmaceuticals	0.17	0.20	0.25	0.21
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.17	0.24	0.25	0.23
LQDA	Liquidia Corporation	Pharmaceuticals	0.17	0.12	0.18	0.13
PAHC	Phibro Animal Health	Pharmaceuticals	0.04	0.18	0.17	0.17
ZTS	Zoetis Inc.	Pharmaceuticals	0.04	0.16	0.19	0.20
OGN	Organon & Co.	Pharmaceuticals	0.00	0.14	0.15	—

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
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.56	0.48	0.46	0.44
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.55	0.48	0.51	0.48
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.51	0.43	0.43	0.40
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.49	0.39	0.37	0.35
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.48	0.38	0.36	0.35
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.46	0.35	0.33	0.33
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.45	0.36	0.33	0.35
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.43	0.34	0.31	0.31
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.39	0.27	0.27	0.29
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.39	0.36	0.38	0.34
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.32	0.28	0.30	0.28
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.24	0.25	0.28	0.29

NEXT STEPS

Harvesting a loss in ACAD?

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

Replacement research for ACAD's peers

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

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.