Looking to diversify beyond BUFOX? The mutual funds below have the lowest correlation with BUFOX — 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 BUFOX.
Best Diversifiers for BUFOX
0 mutual funds have low correlation with BUFOX (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 0.57, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo High Yield Fund | 0.57 | 0.56 | 0.57 | 57 | High Yield Bonds | BUFOX vs BUFHX | |
| Needham Small Cap Growth Fund | 0.82 | 0.83 | 0.86 | 95 | Small Cap Growth Equities | BUFOX vs NESGX | |
| Needham Small Cap Growth Fund Institutional | 0.82 | 0.83 | 0.86 | 95 | Small Cap Growth Equities | BUFOX vs NESIX | |
| Driehaus Micro Cap Growth Fund | 0.82 | 0.84 | 0.87 | 83 | Small Cap Growth Equities | BUFOX vs DMCRX | |
| Calamos Timpani Small Cap Growth Fund | 0.83 | 0.82 | 0.86 | 77 | Small Cap Growth Equities | BUFOX vs CTSIX |
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