MAFIX vs. TALTX

Last updated Jun 4, 2026

MAFIX (Abbey Capital Multi Asset Fund Class I) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. With a 1.00 correlation, they move nearly in lockstep. MAFIX charges 1.79%/yr vs 0.59%/yr for TALTX.

Performance

MAFIX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abbey Capital Multi Asset Fund Class I (MAFIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAFIX

• 1D: 0.23%
• 1M: 4.22%
• YTD: 13.53%
• 6M: 15.28%
• 1Y: 34.23%
• 3Y*: 11.01%
• 5Y*: 8.08%
• 10Y*: —

TALTX

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

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

MAFIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
MAFIX Abbey Capital Multi Asset Fund Class I	1.26%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%

Correlation

The correlation between MAFIX 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

MAFIX vs. TALTX — Risk / Return Rank

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

MAFIX

MAFIX Risk / Return Rank: 83
MAFIX Sharpe Ratio Rank: 86
MAFIX Sortino Ratio Rank: 77
MAFIX Omega Ratio Rank: 74
MAFIX Calmar Ratio Rank: 91
MAFIX Martin Ratio Rank: 86

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.

MAFIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abbey Capital Multi Asset Fund Class I (MAFIX) 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.

	MAFIX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	2.77	—	—
Sortino ratio: Return per unit of downside risk	3.69	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	4.74	—	—
Martin ratio: Return relative to average drawdown	16.70	—	—
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

	MAFIX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	21.79	-20.76

Drawdowns

MAFIX vs. TALTX - Drawdown Comparison

The maximum MAFIX drawdown since its inception was -19.21%, which is greater than TALTX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MAFIX and TALTX.

Drawdown Indicators

	MAFIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.21%	0.00%	-19.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.21%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.41%	0.00%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	—	—

Volatility

Volatility by Period

	MAFIX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	1.43%	+11.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.32%	1.43%	+10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	1.43%	+11.41%

MAFIX vs. TALTX - Expense Ratio Comparison

MAFIX has a 1.79% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

MAFIX vs. TALTX - Dividend Comparison

MAFIX's dividend yield for the trailing twelve months is around 10.37%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MAFIX Abbey Capital Multi Asset Fund Class I	10.37%	11.78%	4.57%	3.80%	4.12%	10.65%	10.29%	12.30%	9.36%
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%

Frequently Asked Questions

Can I hold both MAFIX and TALTX in my portfolio?

With a correlation of 1.00, MAFIX 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.