- ISIN
- US1195391040
- CUSIP
- 119539104
- Issuer
- Buffalo
- Inception Date
- May 19, 1995
- Category
- High Yield Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BUFHX Performance Chart
Buffalo High Yield Fund (BUFHX) is up 2.0% since the beginning of the year. BUFHX is currently trading at $10 per share. Investors who bought $1,000 worth of BUFHX shares 5 years ago would now be looking at an investment worth $1,267.
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Returns By Period
Buffalo High Yield Fund (BUFHX) has returned 1.99% so far this year and 4.89% over the past 12 months. Over the last ten years, BUFHX has returned 5.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Buffalo High Yield Fund
- 1D
- 0.00%
- 1M
- 0.67%
- YTD
- 1.99%
- 6M
- 2.19%
- 1Y
- 4.89%
- 3Y*
- 8.27%
- 5Y*
- 4.85%
- 10Y*
- 5.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BUFHX Monthly Returns History
Based on dividend-adjusted daily data since May 19, 1995, BUFHX's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2009 with a return of +9.8%, while the worst month was Oct 2008 at -13.8%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BUFHX closed higher 48% of trading days. The best single day was May 26, 1995 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.81% | 0.10% | -0.99% | 1.58% | 0.31% | 0.19% | 1.99% | ||||||
| 2025 | 1.20% | 0.20% | -0.95% | -0.58% | 1.86% | 1.33% | 0.68% | 0.77% | 0.00% | -0.54% | 0.41% | 0.65% | 5.11% |
| 2024 | 0.80% | 0.58% | 1.32% | 0.06% | 0.92% | 0.58% | 1.40% | 1.07% | 1.33% | 0.32% | 1.37% | 0.16% | 10.35% |
| 2023 | 2.61% | -0.53% | 0.28% | 0.82% | -0.13% | 1.40% | 1.35% | 0.57% | 0.05% | -0.39% | 2.89% | 2.24% | 11.68% |
| 2022 | -1.08% | -0.43% | -0.20% | -2.42% | -1.14% | -4.61% | 3.24% | -0.24% | -2.48% | 2.37% | 1.51% | 0.06% | -5.53% |
| 2021 | 0.42% | 1.10% | 0.20% | 1.31% | 0.17% | 1.03% | 0.10% | 0.30% | 0.33% | -0.14% | -0.68% | 1.26% | 5.52% |
Benchmark Metrics
Buffalo High Yield Fund has an annualized alpha of 5.35%, beta of 0.12, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since May 19, 1995.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (32.44%) than losses (21.45%) - typical of diversified or defensive assets.
- Beta of 0.12 may look defensive, but with R2 of 0.27 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.35%
- Beta
- 0.12
- R²
- 0.27
- Upside Capture
- 32.44%
- Downside Capture
- 21.45%
Expense Ratio
BUFHX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BUFHX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Buffalo High Yield Fund (BUFHX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BUFHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.94 | 12.44 | -2.50 |
Dividends
Dividend History
Buffalo High Yield Fund provided a 7.08% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.72 | $0.86 | $0.68 | $0.81 | $0.83 | $0.48 | $0.47 | $0.54 | $0.51 | $0.43 | $0.61 |
Dividend yield | 7.08% | 6.84% | 8.03% | 6.41% | 8.05% | 7.24% | 4.11% | 4.21% | 5.17% | 4.57% | 3.85% | 5.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Buffalo High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.05 | $0.06 | $0.03 | $0.06 | $0.09 | $0.35 | ||||||
| 2025 | $0.03 | $0.06 | $0.06 | $0.04 | $0.07 | $0.08 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.72 |
| 2024 | $0.05 | $0.07 | $0.06 | $0.04 | $0.11 | $0.06 | $0.03 | $0.06 | $0.12 | $0.07 | $0.07 | $0.13 | $0.86 |
| 2023 | $0.01 | $0.06 | $0.05 | $0.03 | $0.06 | $0.10 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.68 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.03 | $0.09 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.29 | $0.81 |
| 2021 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.40 | $0.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Buffalo High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Buffalo High Yield Fund was 26.01%, occurring on Dec 5, 2008. Recovery took 159 trading sessions.
The current Buffalo High Yield Fund drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -26.01%Dec 2008 | 1y 1mo | 7mo 24d | 1y 8moNov 2007 - Jul 2009 |
COVID crash2020 | -18.74%Mar 2020 | 1mo 1d | 5mo 5d | 6mo 6dFeb 2020 - Aug 2020 |
1998 correction1998 | -13.76%Oct 1998 | 5mo 2d | 2y 3mo | 2y 8moMay 1998 - Feb 2001 |
Bear market2022 | -9.98%Jul 2022 | 6mo 1d | 1y 27d | 1y 6moJan 2022 - Aug 2023 |
2011 pullback2011 | -7.03%Oct 2011 | 2mo 10d | 3mo 17d | 5mo 27dJul 2011 - Jan 2012 |
Drawdown Indicators
| BUFHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.01% | -56.78% | +30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -9.10% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.83% | -18.90% | +15.07% |
Max Drawdown (5Y)Largest decline over 5 years | -9.98% | -25.43% | +15.45% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -33.92% | +15.18% |
Current DrawdownCurrent decline from peak | -0.09% | -1.80% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -10.71% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.03% | -1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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