BUFTX vs. BUFEX
BUFTX (Buffalo Discovery Fund) and BUFEX (Buffalo Large Cap Fund) are both mutual funds - BUFTX is a Mid Cap Growth Equities fund managed by Buffalo, while BUFEX is a Large Cap Growth Equities fund managed by Buffalo. Over the past 10 years, BUFTX returned 7.17%/yr vs 15.19%/yr for BUFEX. Their correlation of 0.89 means they have usually moved in the same direction. BUFTX charges 1.00%/yr vs 0.93%/yr for BUFEX.
Performance
BUFTX vs. BUFEX - Performance Comparison
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Returns By Period
In the year-to-date period, BUFTX achieves a -2.93% return, which is significantly lower than BUFEX's 8.52% return. Over the past 10 years, BUFTX has underperformed BUFEX with an annualized return of 7.17%, while BUFEX has yielded a comparatively higher 15.19% annualized return.
BUFTX
- 1D
- 2.42%
- 1M
- -0.87%
- 6M
- 1.00%
- YTD
- -2.93%
- 1Y
- -8.70%
- 3Y*
- 2.96%
- 5Y*
- -2.05%
- 10Y*
- 7.17%
- ALL TIME*
- 8.08%
BUFEX
- 1D
- 1.96%
- 1M
- 1.92%
- 6M
- 10.17%
- YTD
- 8.52%
- 1Y
- 15.08%
- 3Y*
- 21.47%
- 5Y*
- 11.42%
- 10Y*
- 15.19%
- ALL TIME*
- 11.01%
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 |
BUFTX vs. BUFEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUFTX Buffalo Discovery Fund | -2.93% | -1.83% | 5.31% | 24.30% | -28.78% | 11.55% | 33.90% | 31.62% | -6.52% | 25.43% |
BUFEX Buffalo Large Cap Fund | 8.52% | 16.27% | 28.86% | 40.39% | -28.64% | 25.55% | 28.08% | 31.76% | -1.60% | 24.86% |
Correlation
The correlation between BUFTX and BUFEX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2001 | 0.89 |
Over the past year, the correlation between BUFTX and BUFEX has dropped to 0.69 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
BUFTX vs. BUFEX — Risk / Return Rank
BUFTX
BUFEX
BUFTX vs. BUFEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Buffalo Discovery Fund (BUFTX) and Buffalo Large Cap Fund (BUFEX). 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.
| BUFTX | BUFEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.20 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.24 | -1.64 |
| Martin ratioReturn relative to average drawdown | -0.85 | 4.09 | -4.94 |
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Drawdowns
BUFTX vs. BUFEX - Drawdown Comparison
The maximum BUFTX drawdown since its inception was -60.45%, which is greater than BUFEX's maximum drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for BUFTX and BUFEX.
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Drawdown Indicators
| BUFTX | BUFEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.45% | -54.12% | -6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.96% | -13.76% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -21.46% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.36% | -32.54% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -36.36% | -32.54% | -3.82% |
Current DrawdownCurrent decline from peak | -13.91% | -1.74% | -12.17% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -9.20% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 4.18% | +4.14% |
Volatility
BUFTX vs. BUFEX - Volatility Comparison
Buffalo Discovery Fund (BUFTX) has a higher volatility of 6.19% compared to Buffalo Large Cap Fund (BUFEX) at 5.21%. This indicates that BUFTX's price experiences larger fluctuations and is considered to be riskier than BUFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFTX | BUFEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.21% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 12.59% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 15.59% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 19.98% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 19.56% | +0.91% |
BUFTX vs. BUFEX - Expense Ratio Comparison
BUFTX has a 1.00% expense ratio, which is higher than BUFEX's 0.93% expense ratio.
Dividends
BUFTX vs. BUFEX - Dividend Comparison
BUFTX's dividend yield for the trailing twelve months is around 21.78%, more than BUFEX's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFEX Buffalo Large Cap Fund | 6.22% | 6.75% | 3.65% | 0.03% | 3.07% | 25.69% | 0.14% | 1.42% | 6.00% | 5.33% | 0.00% | 6.83% |
BUFTX Buffalo Discovery Fund | 21.78% | 21.15% | 10.00% | 0.00% | 7.08% | 15.11% | 7.98% | 14.81% | 7.01% | 4.64% | 0.00% | 7.56% |
Frequently Asked Questions
BUFTX and BUFEX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BUFTX has higher volatility (6.19%) compared to BUFEX (5.21%). In terms of maximum drawdown, BUFTX dropped -60.45% vs BUFEX's -54.12%.
BUFEX currently has the higher Sharpe Ratio (1.10 vs -0.42), 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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