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
1 mutual funds have low correlation with BUFOX (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 0.29, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo Flexible Income Fund | 0.29 | 0.50 | 0.57 | 61 | Large Cap Value Equities | BUFOX vs BUFBX | |
| Buffalo High Yield Fund | 0.54 | 0.54 | 0.56 | 54 | High Yield Bonds | BUFOX vs BUFHX | |
| Needham Small Cap Growth Fund Institutional | 0.81 | 0.83 | 0.86 | 90 | Small Cap Growth Equities | BUFOX vs NESIX | |
| Needham Small Cap Growth Fund | 0.81 | 0.83 | 0.86 | 90 | Small Cap Growth Equities | BUFOX vs NESGX | |
| Driehaus Micro Cap Growth Fund | 0.82 | 0.83 | 0.87 | 90 | Small Cap Growth Equities | BUFOX vs DMCRX |
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