Agreed. People will still need medical equipment no matter who's president. Right now FSMEX is doing over 7.25% better than PRHSX, because medical equipment is usually less volatile than the other health care sub-sectors.

PRHSX owns sectors in the entire medical spectrum: Biotech, Pharma, Medical Equip, Medical Delivery, etc. It's a more diversified health care fund than FSMEX. But when things go bad in the markets or in the health care sector, medical equipment usually holds up better than the other areas.

If people want a health care fund with lower volatility than the rest, FSMEX is the one. Even though it focuses on just one slice of the health care pie, it's the least volatile slice.