BUFBX vs. DDVCX

Last updated Jun 5, 2026

BUFBX (Buffalo Flexible Income Fund) and DDVCX (Nomura Value Fund Class C) are both Large Cap Value Equities funds. Over the past 10 years, BUFBX returned 9.95%/yr vs 6.70%/yr for DDVCX. Their correlation of 0.86 suggests significant overlap in exposure. BUFBX charges 1.01%/yr vs 1.72%/yr for DDVCX.

Performance

BUFBX vs. DDVCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Buffalo Flexible Income Fund (BUFBX) and Nomura Value Fund Class C (DDVCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFBX achieves a 12.34% return, which is significantly higher than DDVCX's 5.08% return. Over the past 10 years, BUFBX has outperformed DDVCX with an annualized return of 9.95%, while DDVCX has yielded a comparatively lower 6.70% annualized return.

BUFBX

• 1D: -0.44%
• 1M: 2.54%
• YTD: 12.34%
• 6M: 12.43%
• 1Y: 20.10%
• 3Y*: 13.75%
• 5Y*: 10.99%
• 10Y*: 9.95%

DDVCX

• 1D: -0.32%
• 1M: -1.73%
• YTD: 5.08%
• 6M: 5.74%
• 1Y: 16.58%
• 3Y*: 9.10%
• 5Y*: 4.22%
• 10Y*: 6.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUFBX vs. DDVCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUFBX Buffalo Flexible Income Fund	12.34%	10.37%	10.26%	7.42%	3.97%	29.97%	-2.27%	18.76%	-7.01%	13.20%
DDVCX Nomura Value Fund Class C	5.08%	9.95%	5.68%	1.06%	-4.57%	20.87%	-0.63%	19.33%	-3.92%	12.51%

Correlation

The correlation between BUFBX and DDVCX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002	0.86

Over the past year, the correlation between BUFBX and DDVCX has dropped to 0.66 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

BUFBX vs. DDVCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUFBX

BUFBX Risk / Return Rank: 68
BUFBX Sharpe Ratio Rank: 54
BUFBX Sortino Ratio Rank: 55
BUFBX Omega Ratio Rank: 48
BUFBX Calmar Ratio Rank: 97
BUFBX Martin Ratio Rank: 88

DDVCX

DDVCX Risk / Return Rank: 25
DDVCX Sharpe Ratio Rank: 24
DDVCX Sortino Ratio Rank: 25
DDVCX Omega Ratio Rank: 23
DDVCX Calmar Ratio Rank: 28
DDVCX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUFBX vs. DDVCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Buffalo Flexible Income Fund (BUFBX) and Nomura Value Fund Class C (DDVCX). 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.

	BUFBX	DDVCX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.37	+0.80
Sortino ratio: Return per unit of downside risk	3.11	2.04	+1.07
Omega ratio: Gain probability vs. loss probability	1.38	1.25	+0.13
Calmar ratio: Return relative to maximum drawdown	6.87	1.91	+4.96
Martin ratio: Return relative to average drawdown	16.80	5.55	+11.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFBX vs. DDVCX - Sharpe Ratio Comparison

The current BUFBX Sharpe Ratio is 2.18, which is higher than the DDVCX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of BUFBX and DDVCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUFBX	DDVCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.37	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.29	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.39	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.38	+0.21

Drawdowns

BUFBX vs. DDVCX - Drawdown Comparison

The maximum BUFBX drawdown since its inception was -39.78%, smaller than the maximum DDVCX drawdown of -54.29%. Use the drawdown chart below to compare losses from any high point for BUFBX and DDVCX.

Drawdown Indicators

	BUFBX	DDVCX	Difference
Max Drawdown Largest peak-to-trough decline	-39.78%	-54.29%	+14.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-8.59%	+5.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.85%	-18.71%	+5.86%
Max Drawdown (5Y) Largest decline over 5 years	-14.67%	-18.71%	+4.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	-37.60%	+2.09%
Current Drawdown Current decline from peak	-0.65%	-4.70%	+4.05%
Average Drawdown Average peak-to-trough decline	-4.72%	-9.04%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	2.94%	-1.78%

Volatility

BUFBX vs. DDVCX - Volatility Comparison

Buffalo Flexible Income Fund (BUFBX) has a higher volatility of 3.10% compared to Nomura Value Fund Class C (DDVCX) at 2.95%. This indicates that BUFBX's price experiences larger fluctuations and is considered to be riskier than DDVCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFBX	DDVCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	2.95%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	8.89%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	8.93%	11.93%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	14.56%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	17.07%	-1.47%

BUFBX vs. DDVCX - Expense Ratio Comparison

BUFBX has a 1.01% expense ratio, which is lower than DDVCX's 1.72% expense ratio.

Dividends

BUFBX vs. DDVCX - Dividend Comparison

BUFBX's dividend yield for the trailing twelve months is around 8.02%, less than DDVCX's 25.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUFBX Buffalo Flexible Income Fund	8.02%	9.10%	3.77%	3.48%	4.16%	5.57%	3.33%	2.73%	6.01%	5.49%	2.39%	3.67%
DDVCX Nomura Value Fund Class C	25.16%	26.55%	30.88%	10.78%	9.46%	23.96%	1.92%	4.13%	5.29%	3.08%	1.57%	1.97%

Frequently Asked Questions

Can I hold both BUFBX and DDVCX in my portfolio?

BUFBX and DDVCX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFBX or DDVCX?

BUFBX has higher volatility (3.10%) compared to DDVCX (2.95%). In terms of maximum drawdown, BUFBX dropped -39.78% vs DDVCX's -54.29%.

Which has better risk-adjusted returns?

BUFBX currently has the higher Sharpe Ratio (2.18 vs 1.37), 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.