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
3 mutual funds have low correlation with BUFBX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.11, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.11 | 0.47 | 0.69 | 53 | Large Cap Value Equities | BUFBX vs LEIFX | |
| Buffalo High Yield Fund | 0.17 | 0.34 | 0.41 | 51 | High Yield Bonds | BUFBX vs BUFHX | |
| Rational Equity Armor Fund | 0.24 | 0.45 | 0.61 | 57 | Large Cap Value Equities | BUFBX vs HDCTX | |
| Fidelity Dividend Growth Fund Class K | 0.31 | 0.55 | 0.71 | 78 | Large Cap Value Equities | BUFBX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.31 | 0.55 | 0.71 | 86 | Large Cap Value Equities | BUFBX vs FDGFX |
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