Tax-loss harvesting alternatives for CORT

Among the 30 Pharmaceuticals peers screened, ALKS (Alkermes plc) has tracked CORT most closely over the past year, with a return correlation of 0.22. The strongest fund stand-in is XBI (SPDR S&P Biotech ETF) at 0.31 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
ALKS	Alkermes plc	Pharmaceuticals	0.22	0.16	0.17	0.19
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.20	0.11	0.15	0.16
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.18	0.15	0.14	0.13
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.18	0.12	0.12	0.14
VTRS	Viatris	Pharmaceuticals	0.18	0.12	0.13	0.15
ELAN	Elanco	Pharmaceuticals	0.15	0.12	0.14	0.14
NVO	Novo Nordisk	Pharmaceuticals	0.15	0.10	0.09	0.12
INDV	Indivior	Pharmaceuticals	0.15	0.09	-0.00	0.00
LLY	Eli Lilly	Pharmaceuticals	0.14	0.09	0.10	0.14
PFE	Pfizer Inc.	Pharmaceuticals	0.14	0.10	0.09	0.13
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.14	0.12	0.14	0.17
GSK	GSK plc	Pharmaceuticals	0.12	0.08	0.08	0.13
MRK	Merck & Co.	Pharmaceuticals	0.12	0.09	0.10	0.14
ABBV	AbbVie Inc.	Pharmaceuticals	0.12	0.10	0.10	0.17
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.12	0.13	0.13	0.17
AZN	AstraZeneca	Pharmaceuticals	0.11	0.07	0.07	0.13
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.11	0.12	0.12	0.15
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.10	0.08	0.09	0.12
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.09	0.10	0.12	0.14
LQDA	Liquidia Corporation	Pharmaceuticals	0.08	0.05	0.06	0.07
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.07	0.12	0.16	0.18
OGN	Organon & Co.	Pharmaceuticals	0.06	0.12	0.14	—
JNJ	Johnson & Johnson	Pharmaceuticals	0.05	0.08	0.09	0.15
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.04	0.09	0.12	0.15
ZTS	Zoetis Inc.	Pharmaceuticals	0.04	0.09	0.13	0.17
SNY	Sanofi S.A.	Pharmaceuticals	0.04	0.06	0.08	0.14
PAHC	Phibro Animal Health	Pharmaceuticals	0.02	0.07	0.09	0.13
PRGO	Perrigo	Pharmaceuticals	0.02	0.05	0.08	0.12
INVA	Innoviva, Inc.	Pharmaceuticals	0.01	0.04	0.11	0.16
PBH	Prestige Consumer Healthcare	Pharmaceuticals	-0.07	0.05	0.09	0.13

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
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.31	0.20	0.24	0.29
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.31	0.21	0.24	0.29
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.31	0.34	0.35	0.35
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.29	0.28	0.28	0.31
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.23	0.21	0.23	0.27
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.23	0.21	0.23	0.27
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.21	0.20	0.21	0.26
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.21	0.17	0.18	0.24
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.19	0.19	0.20	0.25
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.16	0.20	0.23	0.26
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.15	0.13	0.16	0.20
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.06	0.16	0.19	0.23

NEXT STEPS

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Replacement research for CORT's peers

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