Tax-loss harvesting alternatives for SHC

Among the 21 Health Care Services peers screened, NEO (NeoGenomics Laboratories, Inc.) has tracked SHC most closely over the past year, with a return correlation of 0.42. The strongest fund stand-in is IHI (iShares Medical Devices ETF) at 0.49 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
NEO	NeoGenomics Laboratories, Inc.	Health Care Services	0.42	0.29	0.23	—
LH	Labcorp	Health Care Services	0.37	0.34	0.25	—
SDGR	Schrödinger, Inc.	Health Care Services	0.37	0.28	0.25	—
RDNT	RadNet, Inc.	Health Care Services	0.37	0.30	0.23	—
VCYT	Veracyte, Inc.	Health Care Services	0.30	0.31	0.27	—
PRVA	Privia Health Group, Inc.	Health Care Services	0.30	0.30	0.24	—
LFST	Lifestance Health	Health Care Services	0.26	0.21	0.19	—
BTSG	BrightSpring Health Services	Health Care Services	0.25	0.23	—	—
ADUS	Addus HomeCare Corp.	Health Care Services	0.25	0.22	0.15	—
MD	Pediatrix Medical Group	Health Care Services	0.24	0.23	0.18	—
ALHC	Alignment Healthcare, Inc.	Health Care Services	0.22	0.17	0.17	—
CON	Concentra Group Holdings Parent, Inc.	Health Care Services	0.21	0.30	—	—
CRVL	CorVel Corporation	Health Care Services	0.18	0.23	0.18	—
HCA	HCA Healthcare	Health Care Services	0.17	0.19	0.17	—
DGX	Quest Diagnostics	Health Care Services	0.17	0.19	0.13	—
HIMS	Hims & Hers Health	Health Care Services	0.16	0.17	0.17	—
CHE	Chemed Corp.	Health Care Services	0.11	0.10	0.12	—
AMN	Amn Healthcare Services, Inc.	Health Care Services	0.08	0.19	0.12	—
CVS	CVS Health	Health Care Services	0.08	0.13	0.08	—
PGNY	Progyny, Inc.	Health Care Services	0.06	0.18	0.18	—
DVA	DaVita	Health Care Services	0.05	0.15	0.12	—

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
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.49	0.42	0.35	—
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.48	0.42	0.31	—
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.48	0.42	0.31	—
XHS	SPDR S&P Health Care Services	Health Care Services	INDUSTRY	0.47	0.45	0.34	—
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.46	0.40	0.30	—
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.45	0.44	0.32	—
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.43	0.38	0.28	—
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.43	0.42	0.30	—
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.39	0.40	0.30	—
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.37	0.33	0.25	—
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.37	0.30	0.23	—
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.29	0.29	0.22	—

NEXT STEPS

Harvesting a loss in SHC?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for SHC's peers

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

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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.