Tax-loss harvesting alternatives for ALKS

Among the 30 Pharmaceuticals peers screened, ACAD (Acadia Pharmaceuticals) has tracked ALKS most closely over the past year, with a return correlation of 0.35. The strongest fund stand-in is IBB (iShares Biotechnology ETF) at 0.52 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
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.35	0.28	0.27	0.29
VTRS	Viatris	Pharmaceuticals	0.32	0.33	0.28	0.30
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.32	0.26	0.27	0.22
MRK	Merck & Co.	Pharmaceuticals	0.30	0.25	0.23	0.25
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.29	0.27	0.21	0.24
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.27	0.28	0.25	0.26
AZN	AstraZeneca	Pharmaceuticals	0.26	0.24	0.23	0.23
PFE	Pfizer Inc.	Pharmaceuticals	0.26	0.23	0.19	0.23
SNY	Sanofi S.A.	Pharmaceuticals	0.25	0.24	0.24	0.25
GSK	GSK plc	Pharmaceuticals	0.25	0.20	0.21	0.21
ABBV	AbbVie Inc.	Pharmaceuticals	0.25	0.23	0.23	0.28
LQDA	Liquidia Corporation	Pharmaceuticals	0.24	0.14	0.17	0.16
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.22	0.25	0.22	0.25
LLY	Eli Lilly	Pharmaceuticals	0.21	0.14	0.18	0.22
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.21	0.15	0.16	0.19
ELAN	Elanco	Pharmaceuticals	0.21	0.19	0.21	0.24
JNJ	Johnson & Johnson	Pharmaceuticals	0.21	0.23	0.20	0.22
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.19	0.21	0.24	0.26
INDV	Indivior	Pharmaceuticals	0.19	0.15	0.02	0.02
NVO	Novo Nordisk	Pharmaceuticals	0.19	0.13	0.15	0.17
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.17	0.29	0.29	0.31
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.16	0.20	0.19	0.23
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.15	0.19	0.21	0.28
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.14	0.18	0.17	0.21
INVA	Innoviva, Inc.	Pharmaceuticals	0.14	0.21	0.20	0.28
PRGO	Perrigo	Pharmaceuticals	0.14	0.21	0.20	0.25
PAHC	Phibro Animal Health	Pharmaceuticals	0.11	0.22	0.20	0.21
ZTS	Zoetis Inc.	Pharmaceuticals	0.10	0.19	0.19	0.23
OGN	Organon & Co.	Pharmaceuticals	0.08	0.19	0.19	—
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.06	0.17	0.17	0.23

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	0.52	0.49	0.46	0.50
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.52	0.49	0.46	0.51
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.46	0.48	0.45	0.49
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.42	0.41	0.39	0.43
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.42	0.41	0.40	0.43
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.41	0.40	0.38	0.43
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.40	0.38	0.37	0.41
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.38	0.37	0.36	0.39
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.36	0.34	0.35	0.41
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.30	0.34	0.34	0.38
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.22	0.26	0.27	0.33
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.21	0.26	0.29	0.34

NEXT STEPS

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Replacement research for ALKS's peers

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

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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.