Looking to diversify beyond BUFHX? The mutual funds below have the lowest correlation with BUFHX — 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 BUFHX.
Best Diversifiers for BUFHX
6 mutual funds have low correlation with BUFHX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.02, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | -0.04 | -0.00 | 100 | High Yield Bonds | BUFHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.15 | 0.16 | 100 | High Yield Bonds | BUFHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.23 | 0.28 | 100 | High Yield Bonds | BUFHX vs RPHIX | |
| Buffalo Flexible Income Fund | 0.17 | 0.34 | 0.41 | 71 | Large Cap Value Equities | BUFHX vs BUFBX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.27 | 0.49 | 0.66 | 71 | High Yield Bonds | BUFHX vs FHYSX |
See all 39 diversifiers for BUFHX
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