Looking to diversify beyond BUFBX? The mutual funds below have the lowest correlation with BUFBX — 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 BUFBX.
Best Diversifiers for BUFBX
15 mutual funds have low correlation with BUFBX (below 0.3), 0 of which are negatively correlated. The least correlated is Buffalo High Yield Fund (BUFHX) (High Yield Bonds) with a 1Y correlation of 0.16, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo High Yield Fund | 0.16 | 0.32 | 0.40 | 52 | High Yield Bonds | BUFBX vs BUFHX | |
| Fidelity Dividend Growth Fund Class K | 0.19 | 0.50 | 0.68 | 70 | Large Cap Value Equities | BUFBX vs FDGKX | |
| T. Rowe Price Capital Appreciation Fund | 0.19 | 0.51 | 0.64 | 53 | Diversified Portfolio | BUFBX vs PRWCX | |
| Fidelity Dividend Growth Fund | 0.20 | 0.50 | 0.68 | 81 | Large Cap Blend Equities, Dividend | BUFBX vs FDGFX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.47 | 0.69 | 68 | Large Cap Value Equities | BUFBX vs LEIFX |
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