- ISIN
- US3547138442
- CUSIP
- 354713844
- Issuer
- Franklin Templeton
- Inception Date
- Sep 14, 1997
- Category
- Health & Biotech Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FBDIX Performance Chart
Franklin Biotechnology Discovery Fund (FBDIX) is up 6.8% since the beginning of the year. FBDIX is currently trading at $177 per share. Investors who bought $1,000 worth of FBDIX shares 5 years ago would now be looking at an investment worth $1,489.
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Returns By Period
Franklin Biotechnology Discovery Fund (FBDIX) has returned 6.81% so far this year and 70.80% over the past 12 months. Over the last ten years, FBDIX has returned 11.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin Biotechnology Discovery Fund
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- 6.81%
- 6M
- 5.19%
- 1Y
- 70.80%
- 3Y*
- 28.12%
- 5Y*
- 8.29%
- 10Y*
- 11.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FBDIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 1997, FBDIX's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Feb 2000 with a return of +55.6%, while the worst month was Mar 2000 at -24.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FBDIX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +21.1%, while the worst single day was Apr 14, 2000 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18% | 3.23% | -1.04% | 2.21% | 3.13% | -0.99% | 6.81% | ||||||
| 2025 | 2.93% | -1.44% | -5.93% | 1.16% | -3.33% | 2.13% | 9.08% | 6.75% | 11.21% | 13.13% | 10.87% | -1.37% | 52.68% |
| 2024 | 4.83% | 8.01% | -1.55% | -6.54% | 2.41% | 2.51% | 6.25% | 1.82% | -1.63% | -2.24% | -2.25% | 3.73% | 15.37% |
| 2023 | 5.35% | -4.76% | 0.52% | 3.95% | -3.44% | 1.43% | 2.78% | -0.93% | -3.48% | -5.71% | 4.18% | 19.44% | 18.40% |
| 2022 | -10.01% | -3.70% | 4.67% | -8.70% | -6.72% | 3.56% | 3.19% | 0.08% | -1.39% | 4.26% | 6.82% | -3.72% | -12.65% |
| 2021 | 0.32% | 1.00% | -6.70% | 0.92% | -5.67% | 5.99% | -5.34% | 5.07% | -4.88% | -1.52% | -7.87% | -11.53% | -27.58% |
Benchmark Metrics
Franklin Biotechnology Discovery Fund has an annualized alpha of 6.20%, beta of 0.92, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since September 15, 1997.
- This fund captured 103.95% of S&P 500 Index gains but only 88.10% of its losses - a favorable profile for investors.
- R2 of 0.42 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 6.20%
- Beta
- 0.92
- R²
- 0.42
- Upside Capture
- 103.95%
- Downside Capture
- 88.10%
Expense Ratio
FBDIX has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FBDIX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Biotechnology Discovery Fund (FBDIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBDIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.72 | 2.78 | +4.94 |
| Martin ratioReturn relative to average drawdown | 24.19 | 12.44 | +11.75 |
Dividends
Dividend History
Franklin Biotechnology Discovery Fund provided a 10.12% dividend yield over the last twelve months, with an annual payout of $17.92 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $17.92 | $17.92 | $23.52 | $0.00 | $0.14 | $1.21 | $24.84 | $28.33 | $4.55 | $3.60 | $5.93 | $13.78 |
Dividend yield | 10.12% | 10.81% | 19.53% | 0.00% | 0.13% | 0.98% | 14.50% | 18.77% | 3.72% | 2.39% | 4.57% | 8.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Biotechnology Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.92 | $17.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $23.52 | $23.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Biotechnology Discovery Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Biotechnology Discovery Fund was 71.44%, occurring on Jul 10, 2002. Recovery took 2567 trading sessions.
The current Franklin Biotechnology Discovery Fund drawdown is 3.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -71.44%Jul 2002 | 2y 4mo | 10y 2mo | 12y 6moMar 2000 - Sep 2012 |
Bear market2022 | -53.67%Jun 2022 | 1y 4mo | 3y 3mo | 4y 8moFeb 2021 - Oct 2025 |
2016 bear market2016 | -42.19%Feb 2016 | 6mo 23d | 3y 10mo | 4y 5moJul 2015 - Dec 2019 |
1998 bear market1998 | -37.17%Aug 1998 | 10mo 20d | 10mo 17d | 1y 9moOct 1997 - Jul 1999 |
COVID crash2020 | -28.32%Mar 2020 | 1mo 2d | 1mo 26d | 2mo 28dFeb 2020 - May 2020 |
Drawdown Indicators
| FBDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.44% | -56.78% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -9.10% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -24.22% | -18.90% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -25.43% | -21.40% |
Max Drawdown (10Y)Largest decline over 10 years | -53.67% | -33.92% | -19.75% |
Current DrawdownCurrent decline from peak | -3.56% | -1.80% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -10.71% | -17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.03% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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