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Franklin Biotechnology Discovery Fund (FBDIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in securities of biotechnology companies and discovery research firms. The fund predominantly invests in equity securities. In addition to its investments in biotechnology companies, the fund may also invest up to 20% of its net assets in equity or debt securities of any type of issuer. It is non-diversified.

Looking to diversify beyond FBDIX? The mutual funds below have the lowest correlation with FBDIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FBDIX.

Best Diversifiers for FBDIX

0 mutual funds have low correlation with FBDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.32, down from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FRIAX
Franklin Income Fund Advisor Class0.320.430.45
92
Diversified PortfolioFBDIX vs FRIAX
FBGRX
Fidelity Blue Chip Growth Fund0.410.440.54
75
Large Cap Growth EquitiesFBDIX vs FBGRX
FKINX
Franklin Income Fund Class A10.410.470.47
87
Diversified PortfolioFBDIX vs FKINX
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.730.720.73
56
Health & Biotech EquitiesFBDIX vs FPHAX
JFNAX
Janus Henderson Global Life Sciences Fund Class A0.820.820.84
51
Health & Biotech EquitiesFBDIX vs JFNAX
See all 16 diversifiers for FBDIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FBDIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBDIX and solid risk/return profiles. The least correlated is Gilead Sciences, Inc. (GILD) (Healthcare) with a 1Y correlation of 0.38, roughly unchanged from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GILD
Gilead Sciences, Inc.0.380.400.43
62
Healthcare

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Diversification Analysis

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