Looking to diversify beyond BUFMX? The mutual funds below have the lowest correlation with BUFMX — 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 BUFMX.
Best Diversifiers for BUFMX
0 mutual funds have low correlation with BUFMX (below 0.3), 0 of which are negatively correlated. The least correlated is Buffalo High Yield Fund (BUFHX) (High Yield Bonds) with a 1Y correlation of 0.58, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo High Yield Fund | 0.58 | 0.56 | 0.56 | 52 | High Yield Bonds | BUFMX vs BUFHX | |
| Tanaka Growth Fund | 0.58 | 0.66 | 0.74 | 53 | Mid Cap Growth Equities | BUFMX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.60 | 0.70 | 0.77 | 66 | Mid Cap Growth Equities | BUFMX vs EEOFX | |
| Needham Growth Fund | 0.66 | 0.72 | 0.79 | 93 | Mid Cap Growth Equities | BUFMX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.66 | 0.72 | 0.79 | 93 | Mid Cap Growth Equities | BUFMX vs NEEIX |
See all 14 diversifiers for BUFMX
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