Looking to diversify beyond BUFTX? The mutual funds below have the lowest correlation with BUFTX — 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 BUFTX.
Best Diversifiers for BUFTX
1 mutual funds have low correlation with BUFTX (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 0.27, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Buffalo Flexible Income Fund | 0.27 | 0.50 | 0.59 | 61 | Large Cap Value Equities | BUFTX vs BUFBX | |
| Buffalo High Yield Fund | 0.53 | 0.55 | 0.56 | 54 | High Yield Bonds | BUFTX vs BUFHX | |
| Tanaka Growth Fund | 0.61 | 0.69 | 0.76 | 53 | Mid Cap Growth Equities | BUFTX vs TGFRX | |
| Needham Growth Fund | 0.72 | 0.76 | 0.83 | 82 | Mid Cap Growth Equities | BUFTX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.72 | 0.76 | 0.83 | 83 | Mid Cap Growth Equities | BUFTX vs NEEIX |
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