Looking to diversify beyond BUFDX? The mutual funds below have historically moved differently from BUFDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BUFDX
1 mutual funds have low correlation with BUFDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.28, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.13 | 0.11 | 97 | Large Cap Blend Equities | BUFDX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.33 | 0.41 | 57 | Preferred Stock | BUFDX vs ORDNX | |
| Buffalo Flexible Income Fund | 0.50 | 0.71 | 0.80 | 88 | Large Cap Value Equities | BUFDX vs BUFBX | |
| First Eagle Overseas Fund Class I | 0.56 | 0.59 | 0.66 | 77 | Foreign Large Cap Equities | BUFDX vs SGOIX | |
| PRIMECAP Odyssey Growth Fund | 0.56 | 0.74 | 0.82 | 91 | Large Cap Blend Equities | BUFDX vs POGRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BUFDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.32, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.32 | 0.48 | 0.61 | 67 | Financial Services |
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