WAY
Waystar Holding Corp
Health Care›Health Care Technology›Health Care Technology
6 stocks · 12 ETFs
data as of Aug 24, 2026
REPLACEMENT RESEARCH
Tax-loss harvesting alternatives for WAY
Among the 6 Health Care Technology peers screened, VEEV (Veeva Systems) has tracked WAY most closely over the past year, with a return correlation of 0.49. The strongest fund stand-in is IHI (iShares Medical Devices ETF) at 0.41 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.
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Single-name peers
| Ticker | Name | Sub-industry | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|
| VEEV | Veeva Systems | Health Care Technology | 0.49 | 0.37 | — | — |
| HSTM | HealthStream, Inc. | Health Care Technology | 0.38 | 0.33 | — | — |
| DOCS | Doximity | Health Care Technology | 0.31 | 0.29 | — | — |
| SOLV | Solventum | Health Care Technology | 0.31 | 0.27 | — | — |
| CERT | Certara, Inc. | Health Care Technology | 0.25 | 0.21 | — | — |
| OMCL | Omnicell | Health Care Technology | 0.22 | 0.21 | — | — |
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 | 0.41 | 0.39 | — | — |
| XHE | SPDR S&P Health Care Equipment | Medical Devices (Equal Wt) | SUB-IND | 0.37 | 0.36 | — | — |
| IHF | iShares Health Care Providers | Health Care Providers | INDUSTRY | 0.22 | 0.22 | — | — |
| VHT | Vanguard Health Care ETF | Health Care Sector | SECTOR | 0.21 | 0.24 | — | — |
| FHLC | Fidelity MSCI Health Care ETF | Health Care Sector | SECTOR | 0.21 | 0.24 | — | — |
| IYH | iShares US Healthcare ETF | Health Care Sector | SECTOR | 0.20 | 0.23 | — | — |
| XLV | Health Care Select Sector SPDR | Health Care Sector | SECTOR | 0.19 | 0.22 | — | — |
| IBB | iShares Biotechnology ETF | Biotechnology | INDUSTRY | 0.13 | 0.20 | — | — |
| PPH | VanEck Pharma ETF | Pharmaceuticals | INDUSTRY | 0.08 | 0.13 | — | — |
| XPH | SPDR S&P Pharmaceuticals | Pharmaceuticals (Equal Wt) | INDUSTRY | 0.08 | 0.17 | — | — |
| XBI | SPDR S&P Biotech ETF | Biotechnology (Equal Wt) | INDUSTRY | 0.06 | 0.19 | — | — |
| IHE | iShares US Pharmaceuticals ETF | Pharmaceuticals | INDUSTRY | 0.03 | 0.12 | — | — |
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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.