Tax-loss harvesting alternatives for WST

Among the 11 Health Care Supplies peers screened, NVST (Envista Holdings) has tracked WST most closely over the past year, with a return correlation of 0.35. The strongest fund stand-in is FHLC (Fidelity MSCI Health Care ETF) at 0.35 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
NVST	Envista Holdings	Health Care Supplies	0.35	0.23	0.28	0.27
BLFS	BioLife Solutions, Inc.	Health Care Supplies	0.34	0.20	0.29	0.25
XRAY	Dentsply Sirona	Health Care Supplies	0.33	0.19	0.26	0.25
ALGN	Align Technology	Health Care Supplies	0.28	0.28	0.37	0.34
COO	Cooper Companies (The)	Health Care Supplies	0.26	0.22	0.34	0.37
ICUI	ICU Medical	Health Care Supplies	0.19	0.15	0.22	0.24
QDEL	QuidelOrtho	Health Care Supplies	0.19	0.14	0.20	0.26
MMSI	Merit Medical Systems, Inc.	Health Care Supplies	0.17	0.16	0.24	0.25
LNTH	Lantheus Holdings	Health Care Supplies	0.14	0.05	0.16	0.17
NEOG	Neogen	Health Care Supplies	0.12	0.11	0.19	0.25
HAE	Haemonetics	Health Care Supplies	0.01	0.09	0.14	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
FHLC	Fidelity MSCI Health Care ETF	Health Care Sector	SECTOR	0.35	0.30	0.42	0.47
VHT	Vanguard Health Care ETF	Health Care Sector	SECTOR	0.34	0.30	0.41	0.47
IYH	iShares US Healthcare ETF	Health Care Sector	SECTOR	0.34	0.30	0.41	0.46
XLV	Health Care Select Sector SPDR	Health Care Sector	SECTOR	0.34	0.29	0.40	0.45
XHE	SPDR S&P Health Care Equipment	Medical Devices (Equal Wt)	SUB-IND	0.31	0.26	0.39	0.45
PPH	VanEck Pharma ETF	Pharmaceuticals	INDUSTRY	0.28	0.24	0.31	0.36
IBB	iShares Biotechnology ETF	Biotechnology	INDUSTRY	0.27	0.25	0.37	0.41
IHE	iShares US Pharmaceuticals ETF	Pharmaceuticals	INDUSTRY	0.26	0.24	0.32	0.37
IHF	iShares Health Care Providers	Health Care Providers	INDUSTRY	0.25	0.14	0.25	0.34
IHI	iShares Medical Devices ETF	Medical Devices	SUB-IND	0.23	0.24	0.41	0.48
XBI	SPDR S&P Biotech ETF	Biotechnology (Equal Wt)	INDUSTRY	0.21	0.20	0.29	0.34
XPH	SPDR S&P Pharmaceuticals	Pharmaceuticals (Equal Wt)	INDUSTRY	0.19	0.21	0.32	0.35

NEXT STEPS

Harvesting a loss in WST?

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Replacement research for WST's peers

NVST BLFS XRAY ALGN COO ICUI QDEL MMSI LNTH NEOG HAE

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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.