LPCIX vs. MFHVX
LPCIX (MetLife Core Plus Fund) and MFHVX (MetLife Opportunistic High Yield Fund) are both mutual funds - LPCIX is a Intermediate Core-Plus Bond fund managed by MetLife, while MFHVX is a High Yield Bonds fund managed by MetLife. Over the past 5 years, LPCIX returned -0.66%/yr vs 4.12%/yr for MFHVX. Their 0.23 correlation means their historical movements had little consistent relationship. LPCIX charges 0.64%/yr vs 1.43%/yr for MFHVX.
Performance
LPCIX vs. MFHVX - 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 MFHVX's 4.04% 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%
MFHVX
- 1D
- 0.23%
- 1M
- 0.61%
- 6M
- 2.77%
- YTD
- 4.04%
- 1Y
- 5.81%
- 3Y*
- 8.00%
- 5Y*
- 4.12%
- 10Y*
- —
- ALL TIME*
- 5.87%
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. MFHVX - 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% |
MFHVX MetLife Opportunistic High Yield Fund | 4.04% | 4.56% | 9.72% | 14.09% | -12.06% | 10.53% | 6.88% | 12.81% | -3.06% |
Correlation
The correlation between LPCIX and MFHVX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
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 |
Over the past year, LPCIX and MFHVX have become more correlated (0.44) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
LPCIX vs. MFHVX — Risk / Return Rank
LPCIX
MFHVX
LPCIX vs. MFHVX - 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 (MFHVX). 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 | MFHVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.31 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.62 | 5.84 | -3.22 |
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Drawdowns
LPCIX vs. MFHVX - Drawdown Comparison
The maximum LPCIX drawdown since its inception was -18.98%, smaller than the maximum MFHVX drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for LPCIX and MFHVX.
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Drawdown Indicators
| LPCIX | MFHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -20.95% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.43% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -5.14% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -13.54% | -5.44% |
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% | -3.01% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.95% | +0.13% |
Volatility
LPCIX vs. MFHVX - Volatility Comparison
MetLife Core Plus Fund (LPCIX) has a higher volatility of 1.06% compared to MetLife Opportunistic High Yield Fund (MFHVX) at 0.50%. This indicates that LPCIX's price experiences larger fluctuations and is considered to be riskier than MFHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPCIX | MFHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.50% | +0.56% |
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% | 3.46% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 4.38% | +0.56% |
LPCIX vs. MFHVX - Expense Ratio Comparison
LPCIX has a 0.64% expense ratio, which is lower than MFHVX's 1.43% expense ratio.
Dividends
LPCIX vs. MFHVX - Dividend Comparison
LPCIX's dividend yield for the trailing twelve months is around 4.41%, less than MFHVX's 9.11% 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% |
MFHVX MetLife Opportunistic High Yield Fund | 9.11% | 9.41% | 8.98% | 9.66% | 8.95% | 8.44% | 7.30% | 8.61% | 0.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPCIX and MFHVX have a correlation of 0.44, 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 MFHVX (0.50%). In terms of maximum drawdown, LPCIX dropped -18.98% vs MFHVX's -20.95%.
MFHVX currently has the higher Sharpe Ratio (2.05 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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