UPDDX vs. BUFBX

Last updated Jun 5, 2026

UPDDX (Upright Growth & Income Fund) and BUFBX (Buffalo Flexible Income Fund) are both Large Cap Value Equities funds. Their correlation of 0.80 suggests significant overlap in exposure. UPDDX charges 2.57%/yr vs 1.01%/yr for BUFBX.

Performance

UPDDX vs. BUFBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upright Growth & Income Fund (UPDDX) and Buffalo Flexible Income Fund (BUFBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPDDX

• 1D: -1.24%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

UPDDX vs. BUFBX - Yearly Performance Comparison

	2026 (YTD)
UPDDX Upright Growth & Income Fund	2.39%
BUFBX Buffalo Flexible Income Fund	0.53%

Correlation

The correlation between UPDDX and BUFBX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

UPDDX vs. BUFBX — 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

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.

UPDDX vs. BUFBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Growth & Income Fund (UPDDX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	UPDDX	BUFBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	15.08	0.59	+14.49

Drawdowns

UPDDX vs. BUFBX - Drawdown Comparison

The maximum UPDDX drawdown since its inception was -1.24%, smaller than the maximum BUFBX drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for UPDDX and BUFBX.

Drawdown Indicators

	UPDDX	BUFBX	Difference
Max Drawdown Largest peak-to-trough decline	-1.24%	-39.78%	+38.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.51%	—
Current Drawdown Current decline from peak	-1.24%	-0.65%	-0.59%
Average Drawdown Average peak-to-trough decline	-0.39%	-4.72%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.16%	—

Volatility

Volatility by Period

	UPDDX	BUFBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.35%	8.93%	+17.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.35%	13.40%	+12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	15.60%	+10.75%

UPDDX vs. BUFBX - Expense Ratio Comparison

UPDDX has a 2.57% expense ratio, which is higher than BUFBX's 1.01% expense ratio.

Dividends

UPDDX vs. BUFBX - Dividend Comparison

UPDDX has not paid dividends to shareholders, while BUFBX's dividend yield for the trailing twelve months is around 8.02%.

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%
UPDDX Upright Growth & Income Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPDDX and BUFBX in my portfolio?

UPDDX and BUFBX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.