LPCIX vs. MWIGX
LPCIX (MetLife Core Plus Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LPCIX returned -0.21%/yr vs 0.71%/yr for MWIGX. Their correlation of 0.83 suggests significant overlap in exposure. LPCIX charges 0.64%/yr vs 1.87%/yr for MWIGX.
Performance
LPCIX vs. MWIGX - Performance Comparison
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Returns By Period
In the year-to-date period, LPCIX achieves a 0.36% return, which is significantly higher than MWIGX's -0.05% return.
LPCIX
- 1D
- -0.23%
- 1M
- 0.58%
- YTD
- 0.36%
- 6M
- 0.46%
- 1Y
- 4.27%
- 3Y*
- 3.96%
- 5Y*
- -0.21%
- 10Y*
- 1.67%
MWIGX
- 1D
- -0.25%
- 1M
- 0.35%
- YTD
- -0.05%
- 6M
- 0.32%
- 1Y
- 4.37%
- 3Y*
- 5.41%
- 5Y*
- 0.71%
- 10Y*
- —
LPCIX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LPCIX MetLife Core Plus Fund | 0.36% | 7.16% | 1.27% | 5.52% | -14.24% | -0.99% | 7.58% | 9.56% | 0.72% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.05% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between LPCIX and MWIGX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.83 |
The correlation between LPCIX and MWIGX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
LPCIX vs. MWIGX — Risk / Return Rank
LPCIX
MWIGX
LPCIX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MetLife Core Plus Fund (LPCIX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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 | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.93 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.71 | 6.03 | -1.31 |
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Drawdowns
LPCIX vs. MWIGX - Drawdown Comparison
The maximum LPCIX drawdown since its inception was -18.98%, roughly equal to the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for LPCIX and MWIGX.
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Drawdown Indicators
| LPCIX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -18.32% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.35% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -3.88% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -18.32% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.98% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -1.31% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -4.45% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.75% | +0.21% |
Volatility
LPCIX vs. MWIGX - Volatility Comparison
MetLife Core Plus Fund (LPCIX) and Metropolitan West Investment Grade Credit Fund (MWIGX) have volatilities of 1.15% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPCIX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.48% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.25% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 4.95% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 4.76% | +0.18% |
LPCIX vs. MWIGX - Expense Ratio Comparison
LPCIX has a 0.64% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
LPCIX vs. MWIGX - Dividend Comparison
LPCIX's dividend yield for the trailing twelve months is around 4.20%, more than MWIGX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPCIX MetLife Core Plus Fund | 4.20% | 4.12% | 3.43% | 3.95% | 2.58% | 1.52% | 2.48% | 5.87% | 2.73% | 2.63% | 2.66% | 2.04% |
MWIGX Metropolitan West Investment Grade Credit Fund | 4.07% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPCIX and MWIGX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWIGX has higher volatility (1.15%) compared to LPCIX (1.15%). In terms of maximum drawdown, LPCIX dropped -18.98% vs MWIGX's -18.32%.
MWIGX currently has the higher Sharpe Ratio (1.39 vs 1.21), 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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