CGFIX vs. TALTX

Last updated Aug 1, 2026

CGFIX (abrdn Global Absolute Return Strategies Fund) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. Their 0.11 correlation means their historical movements had little consistent relationship. CGFIX charges 0.78%/yr vs 0.59%/yr for TALTX.

Performance

CGFIX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Global Absolute Return Strategies Fund (CGFIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CGFIX

• 1D: 0.12%
• 1M: -1.42%
• 6M: -0.43%
• YTD: 0.33%
• 1Y: 3.20%
• 3Y*: 5.07%
• 5Y*: 0.27%
• 10Y*: 1.63%
• ALL TIME*: 4.57%

TALTX

• 1D: 0.27%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGFIX abrdn Global Absolute Return Strategies Fund	$0.00	$0.00	$0.00
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	$0.00	$0.00	$0.00

CGFIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
CGFIX abrdn Global Absolute Return Strategies Fund	-0.56%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	-0.18%

Correlation

The correlation between CGFIX and TALTX is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.11

Return for Risk

CGFIX vs. TALTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGFIX

CGFIX Risk / Return Rank: 37
CGFIX Sharpe Ratio Rank: 43
CGFIX Sortino Ratio Rank: 40
CGFIX Omega Ratio Rank: 43
CGFIX Calmar Ratio Rank: 31
CGFIX Martin Ratio Rank: 31

TALTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGFIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) 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.

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.

	CGFIX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.72	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.38	—	—
Martin ratio: Return relative to average drawdown	4.54	—	—

Drawdowns

CGFIX vs. TALTX - Drawdown Comparison

The maximum CGFIX drawdown since its inception was -20.28%, which is greater than TALTX's maximum drawdown of -0.99%. Use the drawdown chart below to compare losses from any high point for CGFIX and TALTX.

Drawdown Indicators

	CGFIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-20.28%	-0.99%	-19.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.28%	—	—
Current Drawdown Current decline from peak	-2.65%	-0.45%	-2.20%
Average Drawdown Average peak-to-trough decline	-3.19%	-0.44%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	CGFIX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.11%	3.19%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	3.19%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	3.19%	+1.50%

CGFIX vs. TALTX - Expense Ratio Comparison

CGFIX has a 0.78% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

CGFIX vs. TALTX - Dividend Comparison

CGFIX's dividend yield for the trailing twelve months is around 5.66%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGFIX abrdn Global Absolute Return Strategies Fund	5.66%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGFIX and TALTX in my portfolio?

CGFIX and TALTX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.