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ISIN
US1195303011
CUSIP
119530301
Issuer
Buffalo
Inception Date
May 21, 2004
Min. Investment
$2,500
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

BUFOX Performance Chart

Buffalo Early Stage Growth Fund (BUFOX) is up 17.1% since the beginning of the year. BUFOX is currently trading at $19 per share. Investors who bought $1,000 worth of BUFOX shares 5 years ago would now be looking at an investment worth $953.


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S&P 500 Index

Returns By Period

Buffalo Early Stage Growth Fund (BUFOX) has returned 17.05% so far this year and 32.67% over the past 12 months. Over the last ten years, BUFOX has returned 11.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Buffalo Early Stage Growth Fund

1D
2.70%
1M
7.70%
YTD
17.05%
6M
13.21%
1Y
32.67%
3Y*
8.32%
5Y*
-0.95%
10Y*
11.24%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BUFOX Monthly Returns History

Based on dividend-adjusted daily data since May 25, 2004, BUFOX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +22.5%, while the worst month was Oct 2008 at -25.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BUFOX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.5%, while the worst single day was Mar 16, 2020 at -12.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.71%1.98%-9.40%9.66%7.10%5.02%17.05%
20253.08%-7.49%-5.50%-1.87%2.93%5.43%3.58%6.07%-1.20%-0.12%-3.19%2.35%3.09%
2024-3.24%5.03%3.13%-6.25%4.49%-1.14%7.41%-0.48%1.02%-3.14%7.94%-6.17%7.52%
202312.39%-2.34%-2.34%-3.26%0.89%8.85%2.13%-6.74%-7.75%-8.61%8.41%10.78%9.83%
2022-11.90%-0.06%-1.72%-9.52%-2.30%-8.86%9.37%-2.11%-9.93%8.92%0.67%-6.10%-30.78%
20213.38%8.29%-3.87%3.73%-1.58%5.17%-1.68%0.71%-3.19%2.48%-6.99%1.74%7.43%

Benchmark Metrics

Buffalo Early Stage Growth Fund has an annualized alpha of 0.02%, beta of 1.04, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since May 25, 2004.

  • This fund participated in 113.73% of S&P 500 Index downside but only 111.50% of its upside - more exposed to losses than it benefited from rallies.
  • With beta of 1.04 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha
0.02%
Beta
1.04
0.70
Upside Capture
111.50%
Downside Capture
113.73%

Expense Ratio

BUFOX has a high expense ratio of 1.46%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

BUFOX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


BUFOX Risk / Return Rank: 2828
Overall Rank
BUFOX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
BUFOX Sortino Ratio Rank: 2727
Sortino Ratio Rank
BUFOX Omega Ratio Rank: 2323
Omega Ratio Rank
BUFOX Calmar Ratio Rank: 3333
Calmar Ratio Rank
BUFOX Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Buffalo Early Stage Growth Fund (BUFOX) 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.


BUFOXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.62

Sortino ratioReturn per unit of downside risk

-0.73

Omega ratioGain probability vs. loss probability

1.24

1.37

-0.13

Calmar ratioReturn relative to maximum drawdown

2.07

2.78

-0.72

Martin ratioReturn relative to average drawdown

6.19

12.44

-6.25

Dividends

Dividend History

Buffalo Early Stage Growth Fund provided a 4.36% dividend yield over the last twelve months, with an annual payout of $0.83 per share.


0.00%5.00%10.00%15.00%20.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.83$0.83$0.00$0.00$0.17$3.25$2.48$0.80$1.90$3.13$1.23$1.23

Dividend yield

4.36%5.10%0.00%0.00%1.20%15.83%11.19%4.77%14.50%20.01%8.35%8.53%

Monthly Dividends

The table displays the monthly dividend distributions for Buffalo Early Stage Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.83$0.83
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.25$3.25

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 Early Stage Growth 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 Early Stage Growth Fund was 69.71%, occurring on Mar 9, 2009. Recovery took 764 trading sessions.

The current Buffalo Early Stage Growth Fund drawdown is 9.98%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-69.71%Mar 2009
2y 16d3y 11d
5y 27dFeb 2007 - Mar 2012
2023 bear market2023
-43.17%Oct 2023
1y 11mo
4y 7moNov 2021 - now
COVID crash2020
-39.13%Mar 2020
26d3mo 20d
4mo 16dFeb 2020 - Jul 2020
2016 bear market2016
-35.55%Feb 2016
1y 11mo1y 2mo
3y 1moMar 2014 - May 2017
Rate-hike selloffLate 2018
-25.71%Dec 2018
3mo 13d6mo 9d
9mo 22dSep 2018 - Jul 2019

Drawdown Indicators


BUFOXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-69.71%

-56.78%

-12.93%

Max Drawdown (1Y)

Largest decline over 1 year

-15.52%

-9.10%

-6.42%

Max Drawdown (3Y)

Largest decline over 3 years

-24.62%

-18.90%

-5.72%

Max Drawdown (5Y)

Largest decline over 5 years

-43.17%

-25.43%

-17.74%

Max Drawdown (10Y)

Largest decline over 10 years

-43.17%

-33.92%

-9.25%

Current Drawdown

Current decline from peak

-9.98%

-1.80%

-8.18%

Average Drawdown

Average peak-to-trough decline

-16.04%

-10.71%

-5.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.18%

2.03%

+3.15%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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