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American Century Investments Focused Dynamic Growth Fund (ACFOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The portfolio managers look for stocks of early and rapid stage growth companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of companies that meet their investment criteria. Under normal market conditions, the portfolio managers seek securities of companies whose earnings or revenues are not only growing, but growing at an accelerated pace.

Looking to diversify beyond ACFOX? The mutual funds below have the lowest correlation with ACFOX — 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 ACFOX.

Best Diversifiers for ACFOX

10 mutual funds have low correlation with ACFOX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Short Duration Inflation Protection Bond Fund Investor Class (APOIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
APOIX
American Century Short Duration Inflation Protecti...0.110.070.12
73
Inflation-Protected BondsACFOX vs APOIX
TWUSX
American Century Short-Term Government Fund0.130.030.04
58
Government BondsACFOX vs TWUSX
TWTIX
American Century Intermediate-Term Tax-Free Bond F...0.130.090.09
70
Municipal BondsACFOX vs TWTIX
BCHYX
American Century California High Yield Municipal F...0.140.100.10
72
Municipal BondsACFOX vs BCHYX
ABHYX
American Century High-Yield Municipal Fund0.140.090.10
68
High Yield MuniACFOX vs ABHYX
See all 65 diversifiers for ACFOX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ACFOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACFOX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.25, down from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
XOM
Exxon Mobil Corporation-0.25-0.080.08
68
Energy
JNJ
Johnson & Johnson-0.14-0.130.02
95
Healthcare
BMY
Bristol-Myers Squibb Company0.050.020.08
68
Healthcare

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Diversification Analysis

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Add ACFOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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