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American Century Focused International Growth Fund (AFCNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund invests primarily in securities of companies located in at least three developed countries world-wide (excluding the United States). The portfolio managers look for stocks of companies they believe will increase in value over time, using an investment strategy developed by the fund's investment advisor. Under normal market conditions, the fund's portfolio managers seek securities of companies whose earnings, revenues or key business fundamentals are not only growing, but growing at an accelerating pace. The fund normally invests in a relatively limited number of companies, generally 35-50.

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

Best Diversifiers for AFCNX

1 mutual funds have low correlation with AFCNX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BCHYX
American Century California High Yield Municipal F...0.220.200.18
67
Municipal BondsAFCNX vs BCHYX
KGIIX
Kopernik International Fund0.540.440.55
81
Foreign Large Cap EquitiesAFCNX vs KGIIX
PTSIX
PIMCO RAE PLUS International Fund0.540.530.56
81
Foreign Large Cap EquitiesAFCNX vs PTSIX
SAHMX
SA International Value Fund0.560.570.63
87
Foreign Large Cap EquitiesAFCNX vs SAHMX
EPDPX
EuroPac International Dividend Income Fund Class A0.580.590.63
87
Foreign Large Cap Equities, DividendAFCNX vs EPDPX
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