Tax-loss harvesting alternatives for INCY

Among the 28 Biotechnology peers screened, AMGN (Amgen Inc.) has tracked INCY most closely over the past year, with a return correlation of 0.48. The strongest fund stand-in is IBB (iShares Biotechnology ETF) at 0.53 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
AMGN	Amgen Inc.	Biotechnology	0.48	0.37	0.35	0.38
EXEL	Exelixis	Biotechnology	0.46	0.28	0.30	0.39
HALO	Halozyme	Biotechnology	0.39	0.27	0.28	0.33
VRTX	Vertex Pharmaceuticals	Biotechnology	0.38	0.32	0.36	0.43
BIIB	Biogen Inc.	Biotechnology	0.38	0.37	0.34	0.33
GILD	Gilead Sciences	Biotechnology	0.38	0.38	0.37	0.35
BMRN	BioMarin Pharmaceutical	Biotechnology	0.37	0.31	0.34	0.42
NBIX	Neurocrine Biosciences	Biotechnology	0.36	0.32	0.36	0.39
REGN	Regeneron Pharmaceuticals	Biotechnology	0.31	0.35	0.36	0.41
RGEN	Repligen	Biotechnology	0.29	0.22	0.25	0.29
TGTX	TG Therapeutics, Inc.	Biotechnology	0.29	0.23	0.23	0.23
HRMY	Harmony Biosciences Holdings, Inc.	Biotechnology	0.28	0.25	0.26	—
ROIV	Roivant Sciences	Biotechnology	0.28	0.26	0.19	—
FTRE	Fortrea	Biotechnology	0.26	0.25	0.24	—
KRYS	Krystal Biotech	Biotechnology	0.26	0.24	0.22	0.21
LGND	Ligand Pharmaceuticals, Inc.	Biotechnology	0.23	0.25	0.27	0.29
XNCR	Xencor Inc	Biotechnology	0.22	0.27	0.29	0.32
VCEL	Vericel	Biotechnology	0.22	0.20	0.21	0.23
ALNY	Alnylam Pharmaceuticals	Biotechnology	0.21	0.22	0.22	0.30
RCUS	Arcus Biosciences, Inc.	Biotechnology	0.20	0.27	0.27	0.29
SRPT	Sarepta Therapeutics	Biotechnology	0.20	0.18	0.20	0.23
MRNA	Moderna Inc.	Biotechnology	0.20	0.21	0.22	0.20
VIR	Vir Biotechnology, Inc.	Biotechnology	0.19	0.22	0.23	0.17
ADMA	ADMA Biologics, Inc.	Biotechnology	0.18	0.17	0.21	0.16
PTGX	Protagonist Therapeutics, Inc.	Biotechnology	0.16	0.18	0.13	0.11
UTHR	United Therapeutics	Biotechnology	0.15	0.24	0.26	0.31
ARWR	Arrowhead Pharmaceuticals	Biotechnology	0.14	0.24	0.29	0.26
CYTK	Cytokinetics	Biotechnology	0.13	0.17	0.19	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	0.53	0.53	0.52	0.58
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.52	0.46	0.46	0.50
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.52	0.45	0.46	0.50
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.51	0.44	0.45	0.49
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.50	0.43	0.43	0.47
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.50	0.39	0.41	0.45
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.49	0.42	0.43	0.48
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.42	0.46	0.45	0.52
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.39	0.42	0.43	0.46
ARKG	ARK Genomic Revolution ETF	Genomics (Active)	INDUSTRY	0.26	0.32	0.35	0.41
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.25	0.28	0.32	0.38
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.23	0.21	0.28	0.34

NEXT STEPS

Harvesting a loss in INCY?

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Replacement research for INCY's peers

AMGN EXEL HALO VRTX BIIB GILD BMRN NBIX REGN RGEN TGTX HRMY ROIV FTRE KRYS LGND XNCR VCEL ALNY RCUS SRPT MRNA VIR ADMA PTGX UTHR ARWR CYTK

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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.