MFHIX vs. LPCIX
MFHIX (MetLife Opportunistic High Yield Fund Institutional Class) and LPCIX (MetLife Core Plus Fund) are both mutual funds - MFHIX is a High Yield Bonds fund actively managed by MetLife, while LPCIX is a Intermediate Core-Plus Bond fund managed by MetLife. Over the past 5 years, MFHIX returned 5.82%/yr vs -0.66%/yr for LPCIX. Their 0.23 correlation means their historical movements had little consistent relationship. MFHIX charges 0.75%/yr vs 0.64%/yr for LPCIX.
Performance
MFHIX vs. LPCIX - Performance Comparison
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Returns By Period
In the year-to-date period, MFHIX achieves a 4.19% return, which is significantly higher than LPCIX's -0.46% return.
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%
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%
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 |
MFHIX vs. LPCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
LPCIX MetLife Core Plus Fund | -0.46% | 7.16% | 1.27% | 5.52% | -14.24% | -0.99% | 7.58% | 9.56% | 1.34% |
Correlation
The correlation between MFHIX and LPCIX 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 MFHIX and LPCIX 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
MFHIX vs. LPCIX — Risk / Return Rank
MFHIX
LPCIX
MFHIX vs. LPCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) and MetLife Core Plus Fund (LPCIX). 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.
| MFHIX | LPCIX | 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 | 1.43 | 1.13 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.05 | +1.35 |
| Martin ratioReturn relative to average drawdown | 6.46 | 2.62 | +3.83 |
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Drawdowns
MFHIX vs. LPCIX - Drawdown Comparison
The maximum MFHIX drawdown since its inception was -21.02%, which is greater than LPCIX's maximum drawdown of -18.98%. Use the drawdown chart below to compare losses from any high point for MFHIX and LPCIX.
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Drawdown Indicators
| MFHIX | LPCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -18.98% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.71% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -5.64% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -18.98% | +6.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.98% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.53% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -4.40% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.08% | -0.18% |
Volatility
MFHIX vs. LPCIX - Volatility Comparison
The current volatility for MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) is 0.51%, while MetLife Core Plus Fund (LPCIX) has a volatility of 1.06%. This indicates that MFHIX experiences smaller price fluctuations and is considered to be less risky than LPCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFHIX | LPCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.06% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 2.98% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 3.77% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 6.02% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 4.94% | +0.08% |
MFHIX vs. LPCIX - Expense Ratio Comparison
MFHIX has a 0.75% expense ratio, which is higher than LPCIX's 0.64% expense ratio.
Dividends
MFHIX vs. LPCIX - Dividend Comparison
MFHIX's dividend yield for the trailing twelve months is around 9.35%, more than LPCIX's 4.41% 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
MFHIX and LPCIX 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, MFHIX dropped -21.02% vs LPCIX's -18.98%.
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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