- ISIN
- US1195301031
- CUSIP
- 119530103
- Issuer
- Buffalo
- Inception Date
- Apr 16, 2001
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BUFTX Performance Chart
Buffalo Discovery Fund (BUFTX) is down 3.4% since the beginning of the year. BUFTX is currently trading at $18 per share. Investors who bought $1,000 worth of BUFTX shares 5 years ago would now be looking at an investment worth $938.
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Returns By Period
Buffalo Discovery Fund (BUFTX) has returned -3.35% so far this year and -5.82% over the past 12 months. Over the last ten years, BUFTX has returned 7.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Buffalo Discovery Fund
- 1D
- 1.28%
- 1M
- 2.02%
- YTD
- -3.35%
- 6M
- -5.07%
- 1Y
- -5.82%
- 3Y*
- 3.13%
- 5Y*
- -1.28%
- 10Y*
- 7.73%
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%
BUFTX Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2001, BUFTX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2002 with a return of +22.5%, while the worst month was Sep 2001 at -20.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 8 months.
On a daily basis, BUFTX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.01% | -1.18% | -8.76% | 6.44% | 2.07% | -0.33% | -3.35% | ||||||
| 2025 | 6.45% | -5.49% | -6.54% | -0.37% | 6.65% | 3.77% | 0.54% | -1.12% | -1.64% | -0.09% | -1.07% | -2.04% | -1.83% |
| 2024 | -1.29% | 5.49% | 2.08% | -7.57% | 0.72% | 1.43% | 2.37% | 2.15% | 1.11% | -1.73% | 7.23% | -5.84% | 5.31% |
| 2023 | 10.16% | -1.46% | 1.67% | -2.91% | 0.48% | 7.12% | 2.02% | -2.29% | -5.90% | -6.13% | 12.50% | 8.80% | 24.30% |
| 2022 | -12.11% | -2.56% | 2.26% | -11.22% | -2.89% | -8.80% | 12.11% | -4.53% | -8.78% | 7.21% | 4.37% | -5.32% | -28.78% |
| 2021 | 1.07% | 2.41% | -0.77% | 4.06% | -2.49% | 3.97% | 1.94% | 1.12% | -3.58% | 5.97% | -6.63% | 4.71% | 11.55% |
Benchmark Metrics
Buffalo Discovery Fund has an annualized alpha of 0.73%, beta of 1.05, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since April 16, 2001.
- This fund captured 121.06% of S&P 500 Index gains and 116.34% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.05 and R2 of 0.79, 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
- 0.73%
- Beta
- 1.05
- R²
- 0.79
- Upside Capture
- 121.06%
- Downside Capture
- 116.34%
Expense Ratio
BUFTX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BUFTX ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Buffalo Discovery Fund (BUFTX) 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.
| BUFTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.78 | -3.10 |
| Martin ratioReturn relative to average drawdown | -0.70 | 12.44 | -13.14 |
Dividends
Dividend History
Buffalo Discovery Fund provided a 21.88% dividend yield over the last twelve months, with an annual payout of $3.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.97 | $3.97 | $2.31 | $0.00 | $1.37 | $4.37 | $2.39 | $3.59 | $1.48 | $1.12 | $0.00 | $1.48 |
Dividend yield | 21.88% | 21.15% | 10.00% | 0.00% | 7.08% | 15.11% | 7.98% | 14.81% | 7.01% | 4.64% | 0.00% | 7.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Buffalo Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.97 | $3.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.31 | $2.31 |
| 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 | $1.37 | $1.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.37 | $4.37 |
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 Discovery 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 Discovery Fund was 60.45%, occurring on Oct 9, 2002. Recovery took 699 trading sessions.
The current Buffalo Discovery Fund drawdown is 14.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -60.45%Oct 2002 | 1y 4mo | 2y 9mo | 4y 1moMay 2001 - Jul 2005 |
Financial crisis2007–2009 | -54.93%Nov 2008 | 1y 1mo | 1y 11mo | 3y 19dOct 2007 - Nov 2010 |
Bear market2022 | -36.36%Oct 2022 | 11mo 16d | — | 4y 7moNov 2021 - now |
COVID crash2020 | -33.67%Mar 2020 | 1mo 2d | 4mo 9d | 5mo 11dFeb 2020 - Jul 2020 |
2011 bear market2011 | -23.04%Oct 2011 | 2mo 27d | 4mo 3d | 7moJul 2011 - Feb 2012 |
Drawdown Indicators
| BUFTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.45% | -56.78% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -19.03% | -9.10% | -9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -18.90% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.36% | -25.43% | -10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.36% | -33.92% | -2.44% |
Current DrawdownCurrent decline from peak | -14.29% | -1.80% | -12.49% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -10.71% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 2.03% | +6.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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