MFHIX vs. SHOYX
MFHIX (MetLife Opportunistic High Yield Fund Institutional Class) and SHOYX (American Beacon SiM High Yield Opportunities Fund Class Y) are both High Yield Bonds funds. Both are actively managed. Over the past 5 years, MFHIX returned 5.82%/yr vs 4.65%/yr for SHOYX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.
Performance
MFHIX vs. SHOYX - 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 SHOYX's 1.93% 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%
SHOYX
- 1D
- 0.11%
- 1M
- -0.63%
- 6M
- 1.10%
- YTD
- 1.93%
- 1Y
- 7.36%
- 3Y*
- 8.47%
- 5Y*
- 4.65%
- 10Y*
- 6.08%
- ALL TIME*
- 6.63%
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. SHOYX - 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% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 1.93% | 9.52% | 8.69% | 11.30% | -8.20% | 8.82% | 6.49% | 12.34% | -1.95% |
Correlation
The correlation between MFHIX and SHOYX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.63 |
The correlation between MFHIX and SHOYX has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
MFHIX vs. SHOYX — Risk / Return Rank
MFHIX
SHOYX
MFHIX vs. SHOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) and American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX). 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 | SHOYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.68 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 4.02 | -1.62 |
| Martin ratioReturn relative to average drawdown | 6.46 | 19.12 | -12.66 |
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Drawdowns
MFHIX vs. SHOYX - Drawdown Comparison
The maximum MFHIX drawdown since its inception was -21.02%, smaller than the maximum SHOYX drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for MFHIX and SHOYX.
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Drawdown Indicators
| MFHIX | SHOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -24.66% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.00% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -3.67% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -12.31% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -1.87% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.42% | +0.48% |
Volatility
MFHIX vs. SHOYX - Volatility Comparison
MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) has a higher volatility of 0.51% compared to American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) at 0.46%. This indicates that MFHIX's price experiences larger fluctuations and is considered to be riskier than SHOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFHIX | SHOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.46% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 2.11% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 2.85% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 4.32% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 5.07% | -0.05% |
MFHIX vs. SHOYX - Expense Ratio Comparison
Both MFHIX and SHOYX have an expense ratio of 0.75%.
Dividends
MFHIX vs. SHOYX - Dividend Comparison
MFHIX's dividend yield for the trailing twelve months is around 9.35%, more than SHOYX's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 5.74% | 6.97% | 5.67% | 5.62% | 4.38% | 5.43% | 6.30% | 6.17% | 6.36% | 5.79% | 6.63% | 5.19% |
Frequently Asked Questions
MFHIX and SHOYX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFHIX has higher volatility (0.51%) compared to SHOYX (0.46%). In terms of maximum drawdown, MFHIX dropped -21.02% vs SHOYX's -24.66%.
SHOYX currently has the higher Sharpe Ratio (2.82 vs 2.15), 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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