LPCIX vs. MFHIX
LPCIX (MetLife Core Plus Fund) and MFHIX (MetLife Opportunistic High Yield Fund Institutional Class) are both mutual funds - LPCIX is a Intermediate Core-Plus Bond fund managed by MetLife, while MFHIX is a High Yield Bonds fund actively managed by MetLife. Over the past 5 years, LPCIX returned -0.66%/yr vs 5.82%/yr for MFHIX. Their 0.23 correlation means their historical movements had little consistent relationship. LPCIX charges 0.64%/yr vs 0.75%/yr for MFHIX.
Performance
LPCIX vs. MFHIX - Performance Comparison
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Returns By Period
In the year-to-date period, LPCIX achieves a -0.46% return, which is significantly lower than MFHIX's 4.19% return.
LPCIX
- 1D
- 0.12%
- 1M
- -1.16%
- 6M
- -0.80%
- YTD
- -0.46%
- 1Y
- 2.00%
- 3Y*
- 3.74%
- 5Y*
- -0.66%
- 10Y*
- 1.45%
- ALL TIME*
- 1.71%
MFHIX
- 1D
- 0.25%
- 1M
- 0.75%
- 6M
- 2.89%
- YTD
- 4.19%
- 1Y
- 6.06%
- 3Y*
- 8.26%
- 5Y*
- 5.82%
- 10Y*
- —
- ALL TIME*
- 7.08%
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 |
LPCIX vs. MFHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LPCIX MetLife Core Plus Fund | -0.46% | 7.16% | 1.27% | 5.52% | -14.24% | -0.99% | 7.58% | 9.56% | 1.34% |
MFHIX MetLife Opportunistic High Yield Fund Institutional Class | 4.19% | 4.82% | 10.10% | 14.35% | -5.59% | 10.67% | 7.24% | 13.00% | -3.06% |
Correlation
The correlation between LPCIX and MFHIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.23 |
The correlation between LPCIX and MFHIX shifts across timeframes, from 0.23 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LPCIX vs. MFHIX — Risk / Return Rank
LPCIX
MFHIX
LPCIX vs. MFHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MetLife Core Plus Fund (LPCIX) and MetLife Opportunistic High Yield Fund Institutional Class (MFHIX). 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.
| LPCIX | MFHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.39 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.62 | 6.46 | -3.83 |
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Drawdowns
LPCIX vs. MFHIX - Drawdown Comparison
The maximum LPCIX drawdown since its inception was -18.98%, smaller than the maximum MFHIX drawdown of -21.02%. Use the drawdown chart below to compare losses from any high point for LPCIX and MFHIX.
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Drawdown Indicators
| LPCIX | MFHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -21.02% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.45% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -5.09% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -12.02% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -18.98% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | 0.00% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -2.03% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.90% | +0.18% |
Volatility
LPCIX vs. MFHIX - Volatility Comparison
MetLife Core Plus Fund (LPCIX) has a higher volatility of 1.06% compared to MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) at 0.51%. This indicates that LPCIX's price experiences larger fluctuations and is considered to be riskier than MFHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPCIX | MFHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.51% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.02% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 2.73% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 4.58% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 5.02% | -0.08% |
LPCIX vs. MFHIX - Expense Ratio Comparison
LPCIX has a 0.64% expense ratio, which is lower than MFHIX's 0.75% expense ratio.
Dividends
LPCIX vs. MFHIX - Dividend Comparison
LPCIX's dividend yield for the trailing twelve months is around 4.41%, less than MFHIX's 9.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPCIX MetLife Core Plus Fund | 4.41% | 4.12% | 3.43% | 3.95% | 2.58% | 1.52% | 2.48% | 5.87% | 2.73% | 2.63% | 2.66% | 2.04% |
MFHIX MetLife Opportunistic High Yield Fund Institutional Class | 9.35% | 9.64% | 9.20% | 9.89% | 16.17% | 8.68% | 7.52% | 8.78% | 0.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPCIX and MFHIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPCIX has higher volatility (1.06%) compared to MFHIX (0.51%). In terms of maximum drawdown, LPCIX dropped -18.98% vs MFHIX's -21.02%.
MFHIX currently has the higher Sharpe Ratio (2.15 vs 0.75), 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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