MFHVX vs. VWEHX
MFHVX (MetLife Opportunistic High Yield Fund) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Over the past 5 years, MFHVX returned 4.23%/yr vs 3.80%/yr for VWEHX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. MFHVX charges 1.43%/yr vs 0.22%/yr for VWEHX.
Performance
MFHVX vs. VWEHX - Performance Comparison
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Returns By Period
In the year-to-date period, MFHVX achieves a 4.56% return, which is significantly higher than VWEHX's 1.13% return.
MFHVX
- 1D
- 0.37%
- 1M
- 1.11%
- 6M
- 3.16%
- YTD
- 4.56%
- 1Y
- 6.08%
- 3Y*
- 8.23%
- 5Y*
- 4.23%
- 10Y*
- —
- ALL TIME*
- 5.93%
VWEHX
- 1D
- 0.18%
- 1M
- -0.55%
- 6M
- 0.98%
- YTD
- 1.13%
- 1Y
- 4.72%
- 3Y*
- 7.80%
- 5Y*
- 3.80%
- 10Y*
- 4.82%
- ALL TIME*
- 4.74%
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 |
MFHVX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MFHVX MetLife Opportunistic High Yield Fund | 4.56% | 4.56% | 9.72% | 14.09% | -12.06% | 10.53% | 6.88% | 12.81% | -3.06% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 1.13% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.13% |
Correlation
The correlation between MFHVX and VWEHX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.62 |
The correlation between MFHVX and VWEHX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
MFHVX vs. VWEHX — Risk / Return Rank
MFHVX
VWEHX
MFHVX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MetLife Opportunistic High Yield Fund (MFHVX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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.
| MFHVX | VWEHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.33 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.88 | +0.76 |
| Martin ratioReturn relative to average drawdown | 6.67 | 8.87 | -2.20 |
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Drawdowns
MFHVX vs. VWEHX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for MFHVX and VWEHX.
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Drawdown Indicators
| MFHVX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -30.17% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -2.52% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -3.33% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -13.83% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -4.28% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.53% | +0.42% |
Volatility
MFHVX vs. VWEHX - Volatility Comparison
The current volatility for MetLife Opportunistic High Yield Fund (MFHVX) is 0.58%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 0.81%. This indicates that MFHVX experiences smaller price fluctuations and is considered to be less risky than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFHVX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.81% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.69% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 3.29% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 4.92% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 5.24% | -0.86% |
MFHVX vs. VWEHX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than VWEHX's 0.22% expense ratio.
Dividends
MFHVX vs. VWEHX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.07%, more than VWEHX's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX MetLife Opportunistic High Yield Fund | 9.07% | 9.41% | 8.98% | 9.66% | 8.95% | 8.44% | 7.30% | 8.61% | 0.04% | 0.00% | 0.00% | 0.00% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.75% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Frequently Asked Questions
MFHVX and VWEHX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWEHX has higher volatility (0.81%) compared to MFHVX (0.58%). In terms of maximum drawdown, MFHVX dropped -20.95% vs VWEHX's -30.17%.
MFHVX currently has the higher Sharpe Ratio (2.35 vs 1.44), 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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