DYMIX vs. TALTX

Last updated Aug 1, 2026

DYMIX (Dynamic Alpha Macro Fund Institutional) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. Their 0.78 correlation means they have sometimes moved together and sometimes differently. DYMIX charges 1.98%/yr vs 0.59%/yr for TALTX.

Performance

DYMIX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Alpha Macro Fund Institutional (DYMIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DYMIX

• 1D: 0.64%
• 1M: -0.71%
• 6M: -10.11%
• YTD: 2.86%
• 1Y: 22.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.03%

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)
DYMIX Dynamic Alpha Macro Fund Institutional	$0.00	$0.00	$0.00
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	$0.00	$0.00	$0.00

DYMIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
DYMIX Dynamic Alpha Macro Fund Institutional	-3.70%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	-0.18%

Correlation

The correlation between DYMIX and TALTX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.78

Return for Risk

DYMIX vs. TALTX — Risk / Return Rank

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

DYMIX

DYMIX Risk / Return Rank: 33
DYMIX Sharpe Ratio Rank: 40
DYMIX Sortino Ratio Rank: 39
DYMIX Omega Ratio Rank: 40
DYMIX Calmar Ratio Rank: 30
DYMIX Martin Ratio Rank: 18

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.

DYMIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) 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.

	DYMIX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.32	—	—
Martin ratio: Return relative to average drawdown	2.52	—	—

Drawdowns

DYMIX vs. TALTX - Drawdown Comparison

The maximum DYMIX drawdown since its inception was -13.88%, which is greater than TALTX's maximum drawdown of -0.99%. Use the drawdown chart below to compare losses from any high point for DYMIX and TALTX.

Drawdown Indicators

	DYMIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-0.99%	-12.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	—	—
Current Drawdown Current decline from peak	-13.33%	-0.45%	-12.88%
Average Drawdown Average peak-to-trough decline	-4.25%	-0.44%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.30%	—	—

Volatility

Volatility by Period

	DYMIX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	3.19%	+12.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	3.19%	+11.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.26%	3.19%	+11.07%

DYMIX vs. TALTX - Expense Ratio Comparison

DYMIX has a 1.98% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

DYMIX vs. TALTX - Dividend Comparison

DYMIX's dividend yield for the trailing twelve months is around 6.63%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DYMIX Dynamic Alpha Macro Fund Institutional	6.63%	6.82%	7.12%	0.42%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYMIX and TALTX in my portfolio?

DYMIX and TALTX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.