Yes - Dynamic Optimization (CPU, mem, disk I/O, Net I/O) and VM Load Balancing
If you don’t have System Center, a Windows Server 2016 feature called VM Load Balancing enables to balance workloads accross cluster node. You can configure the frequency and the aggressiveness. If the node is in pause or not reachable, the VM Load Balancing doesnt try to live-migrate virtual machines on this node.
A great improvement in SC 2012 is the departure from the cumbersome automated live migration capability in Server 2008R2 and VMM 2008R2 that relied on the Performance and Resource Optimization (PRO) function. With System Center 2012, Dynamic Optimization replaces this host load balancing and is performed independently of PRO or SCOM. This is also supported for vSphere and XenServer environments that support live migration.During Dynamic Optimization, VMM migrates virtual machines within a host cluster to improve load balancing among hosts. Dynamic Optimization is typically configured on a host group level, to migrate vims with a specified frequency and aggressiveness. By default, virtual machines are migrated every 10 minutes with medium aggressiveness. If a host group contains stand-alone hosts, host clusters that do not support live migration, or host in maintenance mode, Dynamic Optimization is not performed on those hosts. If a host cluster contains virtual machines that are not highly available, those virtual machines are not migrated during Dynamic Optimization.On demand Dynamic Optimization also is available by using the Optimize Hosts action in the VMs and Services workspace. After Dynamic Optimization is requested for a host cluster, VMM lists the virtual machines that will be migrated for the administrators approval.You can specify Dynamic Optimization settings for the following resources: CPU, memory, disk I/O, and network I/O.
If Dynamic Optimization is enabled, the VM Load-Balancing is automatically disabled in the cluster
Microsoft, HyperV/2019, DataCenter
Automated Live Migration, VM Mobility, VM Mobility and HA