Key Points FHLC features a much lower expense ratio of 0.08% compared to 0.35% for BBH. BBH is a concentrated portfolio of just 26 stocks, while FHLC holds around 350 companies. FHLC has historically shown lower volatility and a smaller maximum drawdown than the more specialized BBH. 10 stocks we like better than Fidelity Covington Trust - Fidelity Msci Health Care Index ETF › Healthcare investors often choose between capturing the entire sector versus targeting high-growth sub-industries such as biotechnology.
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