APDFX vs. BUFHX
APDFX (Artisan High Income Fund Advisor Class) and BUFHX (Buffalo High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, APDFX returned 6.09%/yr vs 5.20%/yr for BUFHX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. APDFX charges 0.80%/yr vs 1.02%/yr for BUFHX.
Performance
APDFX vs. BUFHX - Performance Comparison
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Returns By Period
In the year-to-date period, APDFX achieves a 0.86% return, which is significantly lower than BUFHX's 2.08% return. Over the past 10 years, APDFX has outperformed BUFHX with an annualized return of 6.09%, while BUFHX has yielded a comparatively lower 5.20% annualized return.
APDFX
- 1D
- 0.11%
- 1M
- -0.55%
- 6M
- 0.28%
- YTD
- 0.86%
- 1Y
- 3.70%
- 3Y*
- 8.25%
- 5Y*
- 4.07%
- 10Y*
- 6.09%
- ALL TIME*
- 5.65%
BUFHX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 1.25%
- YTD
- 2.08%
- 1Y
- 3.59%
- 3Y*
- 7.67%
- 5Y*
- 4.77%
- 10Y*
- 5.20%
- ALL TIME*
- 6.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
APDFX vs. BUFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APDFX Artisan High Income Fund Advisor Class | 0.86% | 8.32% | 8.46% | 15.98% | -10.57% | 3.99% | 9.67% | 14.84% | -1.40% | 9.01% |
BUFHX Buffalo High Yield Fund | 2.08% | 5.11% | 10.35% | 11.68% | -5.53% | 5.52% | 9.26% | 12.33% | -2.26% | 5.98% |
Correlation
The correlation between APDFX and BUFHX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.66 |
The correlation between APDFX and BUFHX shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
APDFX vs. BUFHX — Risk / Return Rank
APDFX
BUFHX
APDFX vs. BUFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan High Income Fund Advisor Class (APDFX) and Buffalo High Yield Fund (BUFHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| APDFX | BUFHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.60 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.86 | 6.70 | +0.16 |
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Drawdowns
APDFX vs. BUFHX - Drawdown Comparison
The maximum APDFX drawdown since its inception was -21.52%, smaller than the maximum BUFHX drawdown of -26.01%. Use the drawdown chart below to compare losses from any high point for APDFX and BUFHX.
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Drawdown Indicators
| APDFX | BUFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.52% | -26.01% | +4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -2.13% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.30% | -3.83% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -9.98% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | -18.74% | -2.78% |
Current DrawdownCurrent decline from peak | -0.55% | -0.30% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -2.02% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.51% | +0.11% |
Volatility
APDFX vs. BUFHX - Volatility Comparison
The current volatility for Artisan High Income Fund Advisor Class (APDFX) is 0.47%, while Buffalo High Yield Fund (BUFHX) has a volatility of 0.56%. This indicates that APDFX experiences smaller price fluctuations and is considered to be less risky than BUFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APDFX | BUFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.56% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.00% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 2.52% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 3.14% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 4.02% | +1.19% |
APDFX vs. BUFHX - Expense Ratio Comparison
APDFX has a 0.80% expense ratio, which is lower than BUFHX's 1.02% expense ratio.
Dividends
APDFX vs. BUFHX - Dividend Comparison
APDFX's dividend yield for the trailing twelve months is around 6.37%, less than BUFHX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APDFX Artisan High Income Fund Advisor Class | 6.37% | 6.86% | 7.27% | 7.39% | 6.34% | 5.41% | 5.42% | 6.94% | 7.17% | 8.01% | 6.70% | 7.48% |
BUFHX Buffalo High Yield Fund | 7.07% | 6.84% | 8.03% | 6.41% | 8.05% | 7.24% | 4.11% | 4.21% | 5.17% | 4.57% | 3.85% | 5.51% |
Frequently Asked Questions
APDFX and BUFHX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BUFHX has higher volatility (0.56%) compared to APDFX (0.47%). In terms of maximum drawdown, APDFX dropped -21.52% vs BUFHX's -26.01%.
APDFX currently has the higher Sharpe Ratio (1.44 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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