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American Century Sustainable Equity Fund (AFDAX) Diversifiers

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

The investment seeks long-term capital growth; income is a secondary objective. The fund will generally invest in large capitalization companies the advisor believes show sustainable business improvement using a proprietary multi-factor model that combines fundamental measures of a stock’s value and growth potential with ESG metrics. The model assigns each security a financial metrics score and an ESG score that are combined on an equal basis to create an overall score. To measure growth, the managers may use the rate of growth of a company’s earnings and cash flow and changes in its earnings estimates.

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

Best Diversifiers for AFDAX

1 mutual funds have low correlation with AFDAX (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 0.19, roughly unchanged from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BCHYX
American Century California High Yield Municipal F...0.190.150.12
72
Municipal BondsAFDAX vs BCHYX
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.320.140.12
72
Large Cap Blend EquitiesAFDAX vs SVPFX
TWEIX
American Century Equity Income Fund0.510.550.69
51
Large Cap Value EquitiesAFDAX vs TWEIX
ORDNX
North Square Preferred and Income Securities Fund0.510.360.43
69
Large Cap Blend EquitiesAFDAX vs ORDNX
RCKSX
Rock Oak Core Growth Fund0.620.710.80
62
Large Cap Blend EquitiesAFDAX vs RCKSX
See all 25 diversifiers for AFDAX

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