DHLYX vs. BUFBX
DHLYX (Diamond Hill Large Cap Fund Class Y) and BUFBX (Buffalo Flexible Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, DHLYX returned 10.13%/yr vs 9.76%/yr for BUFBX. Their correlation of 0.84 means they have usually moved in the same direction. DHLYX charges 0.56%/yr vs 1.01%/yr for BUFBX.
Performance
DHLYX vs. BUFBX - Performance Comparison
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Returns By Period
In the year-to-date period, DHLYX achieves a 5.33% return, which is significantly lower than BUFBX's 14.11% return. Both investments have delivered pretty close results over the past 10 years, with DHLYX having a 10.13% annualized return and BUFBX not far behind at 9.76%.
DHLYX
- 1D
- -0.44%
- 1M
- 3.87%
- 6M
- 4.32%
- YTD
- 5.33%
- 1Y
- 6.29%
- 3Y*
- 9.50%
- 5Y*
- 5.73%
- 10Y*
- 10.13%
- ALL TIME*
- 11.02%
BUFBX
- 1D
- 0.74%
- 1M
- 4.00%
- 6M
- 10.12%
- YTD
- 14.11%
- 1Y
- 18.33%
- 3Y*
- 12.68%
- 5Y*
- 11.34%
- 10Y*
- 9.76%
- ALL TIME*
- 7.88%
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 |
DHLYX vs. BUFBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHLYX Diamond Hill Large Cap Fund Class Y | 5.33% | 5.76% | 12.20% | 13.83% | -13.27% | 25.88% | 9.05% | 32.39% | -9.54% | 20.40% |
BUFBX Buffalo Flexible Income Fund | 14.11% | 10.37% | 10.26% | 7.42% | 3.97% | 29.97% | -2.27% | 18.76% | -7.01% | 13.20% |
Correlation
The correlation between DHLYX and BUFBX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2011 | 0.84 |
Over the past year, the correlation between DHLYX and BUFBX has dropped to 0.62 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
DHLYX vs. BUFBX — Risk / Return Rank
DHLYX
BUFBX
DHLYX vs. BUFBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Large Cap Fund Class Y (DHLYX) and Buffalo Flexible Income Fund (BUFBX). 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.
| DHLYX | BUFBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 4.10 | -3.34 |
| Martin ratioReturn relative to average drawdown | 1.94 | 12.93 | -11.00 |
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Drawdowns
DHLYX vs. BUFBX - Drawdown Comparison
The maximum DHLYX drawdown since its inception was -38.87%, roughly equal to the maximum BUFBX drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for DHLYX and BUFBX.
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Drawdown Indicators
| DHLYX | BUFBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -39.78% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -4.45% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -12.85% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -14.67% | -8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -35.51% | -3.36% |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.71% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.42% | +1.85% |
Volatility
DHLYX vs. BUFBX - Volatility Comparison
The current volatility for Diamond Hill Large Cap Fund Class Y (DHLYX) is 3.48%, while Buffalo Flexible Income Fund (BUFBX) has a volatility of 3.98%. This indicates that DHLYX experiences smaller price fluctuations and is considered to be less risky than BUFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHLYX | BUFBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.98% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 7.76% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 9.82% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 13.47% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 15.61% | +2.37% |
DHLYX vs. BUFBX - Expense Ratio Comparison
DHLYX has a 0.56% expense ratio, which is lower than BUFBX's 1.01% expense ratio.
Dividends
DHLYX vs. BUFBX - Dividend Comparison
DHLYX's dividend yield for the trailing twelve months is around 6.17%, less than BUFBX's 7.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFBX Buffalo Flexible Income Fund | 7.98% | 9.10% | 3.77% | 3.48% | 4.16% | 5.57% | 3.33% | 2.73% | 6.01% | 5.49% | 2.39% | 3.67% |
DHLYX Diamond Hill Large Cap Fund Class Y | 6.17% | 6.50% | 10.75% | 3.89% | 6.75% | 7.63% | 3.57% | 4.86% | 4.74% | 4.87% | 6.65% | 5.18% |
Frequently Asked Questions
DHLYX and BUFBX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BUFBX has higher volatility (3.98%) compared to DHLYX (3.48%). In terms of maximum drawdown, DHLYX dropped -38.87% vs BUFBX's -39.78%.
BUFBX currently has the higher Sharpe Ratio (1.86 vs 0.55), 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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