ADAIX vs. TALTX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class I (ADAIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX).
ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. TALTX is managed by Morgan Stanley. It was launched on Feb 14, 2018.
Performance
ADAIX vs. TALTX - Performance Comparison
Loading graphics...
ADAIX vs. TALTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 0.78% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.53% |
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund | 0.75% | 5.51% | 3.53% | 8.27% | -2.29% | 5.33% | 5.20% | 6.53% | 1.69% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ADAIX having a 0.78% return and TALTX slightly lower at 0.75%.
ADAIX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.78%
- 6M
- 2.60%
- 1Y
- 6.24%
- 3Y*
- 5.17%
- 5Y*
- 2.72%
- 10Y*
- 6.75%
TALTX
- 1D
- 0.00%
- 1M
- -2.09%
- YTD
- 0.75%
- 6M
- 2.15%
- 1Y
- 5.40%
- 3Y*
- 5.84%
- 5Y*
- 3.73%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ADAIX vs. TALTX - Expense Ratio Comparison
ADAIX has a 1.38% expense ratio, which is higher than TALTX's 0.59% expense ratio.
Return for Risk
ADAIX vs. TALTX — Risk / Return Rank
ADAIX
TALTX
ADAIX vs. TALTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). 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.
| ADAIX | TALTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.19 | 1.16 | +3.03 |
Sortino ratioReturn per unit of downside risk | 6.86 | 1.56 | +5.29 |
Omega ratioGain probability vs. loss probability | 2.06 | 1.27 | +0.79 |
Calmar ratioReturn relative to maximum drawdown | 9.83 | 0.69 | +9.13 |
Martin ratioReturn relative to average drawdown | 37.48 | 2.86 | +34.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ADAIX | TALTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 1.16 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.82 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.91 | +0.28 |
Correlation
The correlation between ADAIX and TALTX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ADAIX vs. TALTX - Dividend Comparison
ADAIX's dividend yield for the trailing twelve months is around 2.10%, less than TALTX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 2.10% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund | 4.30% | 4.34% | 2.45% | 3.11% | 6.63% | 0.69% | 0.85% | 3.12% | 0.74% | 0.00% | 0.00% | 0.00% |
Drawdowns
ADAIX vs. TALTX - Drawdown Comparison
The maximum ADAIX drawdown since its inception was -14.75%, roughly equal to the maximum TALTX drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for ADAIX and TALTX.
Loading graphics...
Drawdown Indicators
| ADAIX | TALTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -14.24% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -5.15% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -6.38% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -2.09% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -1.37% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 1.54% | -1.37% |
Volatility
ADAIX vs. TALTX - Volatility Comparison
The current volatility for AQR Diversified Arbitrage Fund Class I (ADAIX) is 0.38%, while Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) has a volatility of 0.96%. This indicates that ADAIX experiences smaller price fluctuations and is considered to be less risky than TALTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ADAIX | TALTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.96% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 2.56% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 5.36% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 4.68% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.73% | -0.40% |