Looking to diversify beyond BUFMX? The mutual funds below have historically moved differently from BUFMX, 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 BUFMX
1 mutual funds have low correlation with BUFMX (below 0.3), 0 of which are negatively correlated. The least correlated is Buffalo Flexible Income Fund (BUFBX) (Large Cap Value Equities) with a 1Y correlation of 0.21, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo Flexible Income Fund | 0.21 | 0.49 | 0.59 | 88 | Large Cap Value Equities | BUFMX vs BUFBX | |
| Buffalo High Yield Fund | 0.51 | 0.53 | 0.55 | 52 | High Yield Bonds | BUFMX vs BUFHX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.61 | 0.74 | 0.78 | 91 | Mid Cap Value Equities | BUFMX vs VMVAX | |
| Buffalo Dividend Focus Fund | 0.65 | 0.77 | 0.82 | 67 | Large Cap Blend Equities | BUFMX vs BUFDX | |
| Needham Growth Fund Institutional Class | 0.71 | 0.72 | 0.80 | 60 | Mid Cap Growth Equities | BUFMX vs NEEIX |
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