Tax-loss harvesting alternatives for PCRX

Among the 30 Pharmaceuticals peers screened, ACAD (Acadia Pharmaceuticals) has tracked PCRX most closely over the past year, with a return correlation of 0.31. The strongest fund stand-in is XPH (SPDR S&P Pharmaceuticals) at 0.34 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	0.31	0.19	0.24	0.22
BMY	Bristol-Myers Squibb	Pharmaceuticals	0.24	0.16	0.17	0.20
INVA	Innoviva, Inc.	Pharmaceuticals	0.22	0.17	0.20	0.27
GSK	GSK plc	Pharmaceuticals	0.22	0.11	0.15	0.18
AMPH	Amphstar Pharmaceuticals, Inc.	Pharmaceuticals	0.21	0.17	0.19	0.23
ANIP	ANI Pharmaceuticals, Inc.	Pharmaceuticals	0.21	0.13	0.17	0.24
VTRS	Viatris	Pharmaceuticals	0.18	0.18	0.21	0.24
LLY	Eli Lilly	Pharmaceuticals	0.17	0.03	0.06	0.14
AMRX	Amneal Pharmaceuticals	Pharmaceuticals	0.17	0.14	0.18	0.23
ALKS	Alkermes plc	Pharmaceuticals	0.15	0.19	0.21	0.28
ABBV	AbbVie Inc.	Pharmaceuticals	0.15	0.04	0.08	0.19
PAHC	Phibro Animal Health	Pharmaceuticals	0.15	0.12	0.15	0.19
COLL	Collegium Pharmaceutical, Inc.	Pharmaceuticals	0.15	0.15	0.17	0.21
JNJ	Johnson & Johnson	Pharmaceuticals	0.14	0.14	0.15	0.20
JAZZ	Jazz Pharmaceuticals	Pharmaceuticals	0.14	0.19	0.24	0.29
MRK	Merck & Co.	Pharmaceuticals	0.14	0.07	0.08	0.16
AZN	AstraZeneca	Pharmaceuticals	0.14	0.12	0.14	0.17
INDV	Indivior	Pharmaceuticals	0.13	0.14	0.00	0.00
SNY	Sanofi S.A.	Pharmaceuticals	0.12	0.11	0.14	0.18
CORT	Corcept Therapeutics Incorporated	Pharmaceuticals	0.10	0.10	0.13	0.16
ZTS	Zoetis Inc.	Pharmaceuticals	0.10	0.12	0.19	0.25
PTCT	PTC Therapeutics, Inc.	Pharmaceuticals	0.10	0.12	0.17	0.16
SUPN	Supernus Pharmaceuticals, Inc.	Pharmaceuticals	0.09	0.11	0.20	0.24
LQDA	Liquidia Corporation	Pharmaceuticals	0.09	0.04	0.11	0.11
PBH	Prestige Consumer Healthcare	Pharmaceuticals	0.09	0.08	0.11	0.18
OGN	Organon & Co.	Pharmaceuticals	0.08	0.09	0.12	—
PFE	Pfizer Inc.	Pharmaceuticals	0.08	0.08	0.10	0.17
ELAN	Elanco	Pharmaceuticals	0.06	0.16	0.21	0.24
NVO	Novo Nordisk	Pharmaceuticals	0.06	0.07	0.08	0.10
PRGO	Perrigo	Pharmaceuticals	-0.03	0.07	0.11	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
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.34	0.32	0.37	0.45
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.30	0.22	0.30	0.35
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.29	0.22	0.28	0.38
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.27	0.18	0.27	0.35
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.26	0.18	0.27	0.35
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.25	0.17	0.24	0.32
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.25	0.17	0.25	0.33
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.24	0.16	0.22	0.32
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.24	0.22	0.28	0.36
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.24	0.18	0.27	0.32
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.22	0.22	0.28	0.36
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.15	0.12	0.20	0.29

NEXT STEPS

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Replacement research for PCRX's peers

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

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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.