Tax-loss harvesting alternatives for CVS

Among the 21 Health Care Services peers screened, DVA (DaVita) has tracked CVS most closely over the past year, with a return correlation of 0.39. The strongest fund stand-in is IHF (iShares Health Care Providers) at 0.72 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
DVA	DaVita	Health Care Services	0.39	0.21	0.21	0.30
PRVA	Privia Health Group, Inc.	Health Care Services	0.31	0.27	0.21	—
ALHC	Alignment Healthcare, Inc.	Health Care Services	0.28	0.26	0.24	—
CON	Concentra Group Holdings Parent, Inc.	Health Care Services	0.27	0.21	—	—
BTSG	BrightSpring Health Services	Health Care Services	0.16	0.13	—	—
ADUS	Addus HomeCare Corp.	Health Care Services	0.14	0.14	0.17	0.18
MD	Pediatrix Medical Group	Health Care Services	0.14	0.16	0.18	0.22
RDNT	RadNet, Inc.	Health Care Services	0.14	0.08	0.13	0.19
VCYT	Veracyte, Inc.	Health Care Services	0.10	0.09	0.11	0.14
PGNY	Progyny, Inc.	Health Care Services	0.09	0.16	0.15	0.22
CHE	Chemed Corp.	Health Care Services	0.09	0.14	0.18	0.26
LFST	Lifestance Health	Health Care Services	0.09	0.09	0.11	—
SHC	Sotera Health	Health Care Services	0.08	0.13	0.08	—
NEO	NeoGenomics Laboratories, Inc.	Health Care Services	0.05	0.07	0.09	0.13
AMN	Amn Healthcare Services, Inc.	Health Care Services	0.04	0.14	0.16	0.18
HCA	HCA Healthcare	Health Care Services	0.04	0.05	0.15	0.26
CRVL	CorVel Corporation	Health Care Services	0.03	0.16	0.18	0.27
HIMS	Hims & Hers Health	Health Care Services	-0.01	0.08	0.09	0.08
LH	Labcorp	Health Care Services	-0.01	0.09	0.18	0.29
DGX	Quest Diagnostics	Health Care Services	-0.01	0.08	0.17	0.27
SDGR	Schrödinger, Inc.	Health Care Services	-0.05	0.05	0.08	0.08

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
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.72	0.60	0.63	0.62
XHS	SPDR S&P Health Care Services	Health Care Services	INDUSTRY	0.46	0.41	0.39	0.47
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.25	0.31	0.40	0.50
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.25	0.30	0.38	0.48
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.24	0.30	0.38	0.48
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.22	0.27	0.36	0.47
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.12	0.17	0.26	0.39
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.11	0.14	0.25	0.43
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.09	0.17	0.21	0.35
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.08	0.15	0.20	0.30
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.06	0.13	0.15	0.24
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.04	0.12	0.20	0.32

NEXT STEPS

Harvesting a loss in CVS?

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Replacement research for CVS's peers

DVA PRVA ALHC CON BTSG ADUS MD RDNT VCYT PGNY CHE LFST SHC NEO AMN HCA CRVL HIMS LH DGX SDGR

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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.