GIMMX vs. TALTX

Last updated Jun 5, 2026

GIMMX (Goldman Sachs Multi-Manager Alternatives Fund) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. With a 1.00 correlation, they move nearly in lockstep. GIMMX charges 1.93%/yr vs 0.59%/yr for TALTX.

Performance

GIMMX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GIMMX

• 1D: -0.17%
• 1M: 1.57%
• YTD: 7.57%
• 6M: 7.95%
• 1Y: 17.05%
• 3Y*: 7.04%
• 5Y*: 3.58%
• 10Y*: 3.39%

TALTX

• 1D: -0.09%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIMMX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	0.52%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.18%

Correlation

The correlation between GIMMX and TALTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

GIMMX vs. TALTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIMMX

GIMMX Risk / Return Rank: 59
GIMMX Sharpe Ratio Rank: 46
GIMMX Sortino Ratio Rank: 46
GIMMX Omega Ratio Rank: 53
GIMMX Calmar Ratio Rank: 85
GIMMX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIMMX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) 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.

	GIMMX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.80	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.96	—	—
Martin ratio: Return relative to average drawdown	12.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GIMMX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	7.52	-7.02

Drawdowns

GIMMX vs. TALTX - Drawdown Comparison

The maximum GIMMX drawdown since its inception was -12.67%, which is greater than TALTX's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for GIMMX and TALTX.

Drawdown Indicators

	GIMMX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-12.67%	-0.09%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	-4.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.67%	—	—
Current Drawdown Current decline from peak	-0.26%	-0.09%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.18%	-0.02%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	—	—

Volatility

Volatility by Period

	GIMMX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	1.84%	+6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	1.84%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	1.84%	+3.62%

GIMMX vs. TALTX - Expense Ratio Comparison

GIMMX has a 1.93% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

GIMMX vs. TALTX - Dividend Comparison

GIMMX's dividend yield for the trailing twelve months is around 7.79%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	7.79%	8.38%	5.08%	3.43%	0.42%	0.00%	0.00%	0.97%	0.00%	0.00%	1.83%	0.72%
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 GIMMX and TALTX in my portfolio?

With a correlation of 1.00, GIMMX and TALTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.