LSSAX vs. BUFHX
LSSAX (Loomis Sayles Securitized Asset Fund) and BUFHX (Buffalo High Yield Fund) are both mutual funds - LSSAX is a Intermediate Core Bond fund managed by Loomis Sayles Funds, while BUFHX is a High Yield Bonds fund managed by Buffalo. Over the past 10 years, LSSAX returned 2.52%/yr vs 5.39%/yr for BUFHX. At a 0.08 correlation, their price movements are largely independent. LSSAX charges 0.00%/yr vs 1.02%/yr for BUFHX.
Performance
LSSAX vs. BUFHX - Performance Comparison
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Returns By Period
In the year-to-date period, LSSAX achieves a 1.49% return, which is significantly lower than BUFHX's 1.99% return. Over the past 10 years, LSSAX has underperformed BUFHX with an annualized return of 2.52%, while BUFHX has yielded a comparatively higher 5.39% annualized return.
LSSAX
- 1D
- 0.25%
- 1M
- 0.86%
- YTD
- 1.49%
- 6M
- 1.62%
- 1Y
- 6.57%
- 3Y*
- 5.90%
- 5Y*
- 1.46%
- 10Y*
- 2.52%
BUFHX
- 1D
- 0.00%
- 1M
- 0.67%
- YTD
- 1.99%
- 6M
- 2.19%
- 1Y
- 4.89%
- 3Y*
- 8.27%
- 5Y*
- 4.85%
- 10Y*
- 5.39%
LSSAX vs. BUFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSSAX Loomis Sayles Securitized Asset Fund | 1.49% | 8.32% | 3.94% | 7.01% | -11.82% | 0.64% | 4.68% | 6.81% | 2.48% | 3.40% |
BUFHX Buffalo High Yield Fund | 1.99% | 5.11% | 10.35% | 11.68% | -5.53% | 5.52% | 9.26% | 12.33% | -2.26% | 5.98% |
Correlation
The correlation between LSSAX and BUFHX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2006 | 0.08 |
Over the past year, LSSAX and BUFHX have become more correlated (0.36) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
LSSAX vs. BUFHX — Risk / Return Rank
LSSAX
BUFHX
LSSAX vs. BUFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Securitized Asset Fund (LSSAX) 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.
| LSSAX | BUFHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.35 | +1.34 |
| Martin ratioReturn relative to average drawdown | 12.25 | 9.94 | +2.32 |
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Drawdowns
LSSAX vs. BUFHX - Drawdown Comparison
The maximum LSSAX drawdown since its inception was -16.40%, smaller than the maximum BUFHX drawdown of -26.01%. Use the drawdown chart below to compare losses from any high point for LSSAX and BUFHX.
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Drawdown Indicators
| LSSAX | BUFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -26.01% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -2.13% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.91% | -3.83% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.40% | -9.98% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -16.40% | -18.74% | +2.34% |
Current DrawdownCurrent decline from peak | -0.36% | -0.09% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -2.02% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.50% | +0.23% |
Volatility
LSSAX vs. BUFHX - Volatility Comparison
Loomis Sayles Securitized Asset Fund (LSSAX) has a higher volatility of 1.31% compared to Buffalo High Yield Fund (BUFHX) at 0.60%. This indicates that LSSAX's price experiences larger fluctuations and is considered to be riskier 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
| LSSAX | BUFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.60% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 1.97% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 2.51% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 3.15% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 4.04% | +0.39% |
LSSAX vs. BUFHX - Expense Ratio Comparison
LSSAX has a 0.00% expense ratio, which is lower than BUFHX's 1.02% expense ratio.
Dividends
LSSAX vs. BUFHX - Dividend Comparison
LSSAX's dividend yield for the trailing twelve months is around 4.33%, less than BUFHX's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFHX Buffalo High Yield Fund | 7.08% | 6.84% | 8.03% | 6.41% | 8.05% | 7.24% | 4.11% | 4.21% | 5.17% | 4.57% | 3.85% | 5.51% |
LSSAX Loomis Sayles Securitized Asset Fund | 4.33% | 4.23% | 4.54% | 5.65% | 6.47% | 6.38% | 5.95% | 5.48% | 5.62% | 5.42% | 5.12% | 5.20% |
Frequently Asked Questions
LSSAX and BUFHX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSSAX has higher volatility (1.31%) compared to BUFHX (0.60%). In terms of maximum drawdown, LSSAX dropped -16.40% vs BUFHX's -26.01%.
BUFHX currently has the higher Sharpe Ratio (2.00 vs 1.94), 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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