BUFBX vs. LEXCX

Last updated Jul 16, 2026

BUFBX (Buffalo Flexible Income Fund) and LEXCX (Voya Corporate Leaders Trust Fund) are both Large Cap Value Equities funds. Over the past 10 years, BUFBX returned 9.30%/yr vs 12.02%/yr for LEXCX. A 0.79 correlation means they provide meaningful diversification when combined. BUFBX charges 1.01%/yr vs 0.52%/yr for LEXCX.

Performance

BUFBX vs. LEXCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Buffalo Flexible Income Fund (BUFBX) and Voya Corporate Leaders Trust Fund (LEXCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFBX achieves a 9.91% return, which is significantly lower than LEXCX's 26.27% return. Over the past 10 years, BUFBX has underperformed LEXCX with an annualized return of 9.30%, while LEXCX has yielded a comparatively higher 12.02% annualized return.

BUFBX

• 1D: -2.11%
• 1M: -0.46%
• 6M: 7.24%
• YTD: 9.91%
• 1Y: 15.39%
• 3Y*: 12.32%
• 5Y*: 10.70%
• 10Y*: 9.30%

LEXCX

• 1D: 0.07%
• 1M: 6.70%
• 6M: 23.69%
• YTD: 26.27%
• 1Y: 27.34%
• 3Y*: 15.72%
• 5Y*: 13.27%
• 10Y*: 12.02%

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

BUFBX vs. LEXCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUFBX Buffalo Flexible Income Fund	9.91%	10.37%	10.26%	7.42%	3.97%	29.97%	-2.27%	18.76%	-7.01%	13.20%
LEXCX Voya Corporate Leaders Trust Fund	26.27%	7.04%	3.60%	14.53%	3.95%	26.77%	4.36%	21.43%	-5.44%	16.61%

Correlation

The correlation between BUFBX and LEXCX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 12, 1994	0.79

Over the past year, the correlation between BUFBX and LEXCX has dropped to 0.52 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

BUFBX vs. LEXCX — Risk / Return Rank

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

BUFBX

BUFBX Risk / Return Rank: 55
BUFBX Sharpe Ratio Rank: 43
BUFBX Sortino Ratio Rank: 41
BUFBX Omega Ratio Rank: 40
BUFBX Calmar Ratio Rank: 85
BUFBX Martin Ratio Rank: 67

LEXCX

LEXCX Risk / Return Rank: 84
LEXCX Sharpe Ratio Rank: 80
LEXCX Sortino Ratio Rank: 82
LEXCX Omega Ratio Rank: 76
LEXCX Calmar Ratio Rank: 96
LEXCX Martin Ratio Rank: 86

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. LEXCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Buffalo Flexible Income Fund (BUFBX) and Voya Corporate Leaders Trust Fund (LEXCX). 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.

	BUFBX	LEXCX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.05	-0.61
Sortino ratio: Return per unit of downside risk	2.04	3.04	-1.00
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	3.17	5.13	-1.96
Martin ratio: Return relative to average drawdown	9.91	12.27	-2.37

BUFBX vs. LEXCX - Sharpe Ratio Comparison

The current BUFBX Sharpe Ratio is 1.44, which is comparable to the LEXCX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of BUFBX and LEXCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUFBX vs. LEXCX - Drawdown Comparison

The maximum BUFBX drawdown since its inception was -39.78%, smaller than the maximum LEXCX drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for BUFBX and LEXCX.

Drawdown Indicators

	BUFBX	LEXCX	Difference
Max Drawdown Largest peak-to-trough decline	-39.78%	-50.42%	+10.64%
Max Drawdown (1Y) Largest decline over 1 year	-4.45%	-5.62%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	-12.85%	-14.03%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	-14.67%	-19.75%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	-39.21%	+3.70%
Current Drawdown Current decline from peak	-2.79%	0.00%	-2.79%
Average Drawdown Average peak-to-trough decline	-4.71%	-7.11%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	2.49%	-1.06%

Volatility

BUFBX vs. LEXCX - Volatility Comparison

Buffalo Flexible Income Fund (BUFBX) and Voya Corporate Leaders Trust Fund (LEXCX) have volatilities of 4.55% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFBX	LEXCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.71%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	10.61%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	14.15%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	16.49%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	18.98%	-3.38%

BUFBX vs. LEXCX - Expense Ratio Comparison

BUFBX has a 1.01% expense ratio, which is higher than LEXCX's 0.52% expense ratio.

Dividends

BUFBX vs. LEXCX - Dividend Comparison

BUFBX's dividend yield for the trailing twelve months is around 8.29%, more than LEXCX's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUFBX Buffalo Flexible Income Fund	8.29%	9.10%	3.77%	3.48%	4.16%	5.57%	3.33%	2.73%	6.01%	5.49%	2.39%	3.67%
LEXCX Voya Corporate Leaders Trust Fund	1.15%	1.65%	1.66%	1.58%	1.65%	1.54%	1.91%	1.86%	2.03%	1.79%	3.93%	2.37%

Frequently Asked Questions

Can I hold both BUFBX and LEXCX in my portfolio?

BUFBX and LEXCX have a correlation of 0.52, 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 LEXCX?

LEXCX has higher volatility (4.71%) compared to BUFBX (4.55%). In terms of maximum drawdown, BUFBX dropped -39.78% vs LEXCX's -50.42%.

Which has better risk-adjusted returns?

LEXCX currently has the higher Sharpe Ratio (2.05 vs 1.44), 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.