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
0 mutual funds have low correlation with BUFTX (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 | 0.57 | 0.57 | 57 | High Yield Bonds | BUFTX vs BUFHX | |
| Tanaka Growth Fund | 0.60 | 0.69 | 0.76 | 52 | Mid Cap Growth Equities | BUFTX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.62 | 0.73 | 0.80 | 63 | Mid Cap Growth Equities | BUFTX vs EEOFX | |
| Needham Growth Fund Institutional Class | 0.70 | 0.76 | 0.83 | 92 | Mid Cap Growth Equities | BUFTX vs NEEIX | |
| Needham Growth Fund | 0.70 | 0.76 | 0.83 | 92 | Mid Cap Growth Equities | BUFTX vs NEEGX |
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