Tax-loss harvesting alternatives for JNJ

Among the 30 Pharmaceuticals peers screened, ABBV (AbbVie Inc.) has tracked JNJ most closely over the past year, with a return correlation of 0.49. The strongest fund stand-in is IHE (iShares US Pharmaceuticals ETF) at 0.64 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
ABBV	AbbVie Inc.	Pharmaceuticals	0.49	0.44	0.45	0.44
GSK	GSK plc	Pharmaceuticals	0.47	0.45	0.41	0.45
MRK	Merck & Co.	Pharmaceuticals	0.46	0.41	0.43	0.50
AZN	AstraZeneca	Pharmaceuticals	0.43	0.37	0.36	0.38
LLY	Eli Lilly	Pharmaceuticals	0.40	0.24	0.31	0.41
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.40	0.43	0.44	0.45
SNY	Sanofi S.A.	Pharmaceuticals	0.30	0.36	0.33	0.40
PFE	Pfizer Inc.	Pharmaceuticals	0.29	0.40	0.41	0.49
INVA	Innoviva, Inc.	Pharmaceuticals	0.26	0.27	0.19	0.25
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.24	0.24	0.24	0.32
VTRS	Viatris	Pharmaceuticals	0.22	0.28	0.27	0.29
ACAD	Acadia Pharmaceuticals	Pharmaceuticals	0.21	0.14	0.11	0.15
ALKS	Alkermes plc	Pharmaceuticals	0.21	0.23	0.20	0.22
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.18	0.15	0.21	0.29
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.17	0.16	0.14	0.19
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.16	0.12	0.13	0.16
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.15	0.13	0.13	0.15
INDV	Indivior	Pharmaceuticals	0.15	0.07	0.02	0.03
ZTS	Zoetis Inc.	Pharmaceuticals	0.15	0.23	0.25	0.39
PCRX	Pacira BioSciences, Inc.	Pharmaceuticals	0.14	0.14	0.15	0.20
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.14	0.10	0.11	0.21
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.13	0.16	0.19	0.24
PRGO	Perrigo	Pharmaceuticals	0.13	0.19	0.19	0.28
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.12	0.13	0.12	0.12
ELAN	Elanco	Pharmaceuticals	0.10	0.11	0.11	0.20
PAHC	Phibro Animal Health	Pharmaceuticals	0.10	0.11	0.13	0.21
LQDA	Liquidia Corporation	Pharmaceuticals	0.07	0.03	-0.01	0.06
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.05	0.09	0.09	0.15
NVO	Novo Nordisk	Pharmaceuticals	0.04	0.07	0.12	0.22
OGN	Organon & Co.	Pharmaceuticals	-0.05	0.16	0.19	—

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
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.64	0.61	0.63	0.66
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.60	0.57	0.58	0.64
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.60	0.56	0.59	0.69
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.57	0.55	0.57	0.66
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.56	0.54	0.55	0.65
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.56	0.53	0.55	0.65
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.31	0.35	0.33	0.41
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.29	0.37	0.36	0.45
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.26	0.28	0.33	0.49
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.20	0.25	0.20	0.29
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.16	0.25	0.32	0.45
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.12	0.20	0.22	0.35

NEXT STEPS

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Replacement research for JNJ's peers

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

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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.