MSEGX vs. TALTX

Last updated Jun 4, 2026

MSEGX (Morgan Stanley Institutional Growth Portfolio) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while TALTX is a Multistrategy fund managed by Morgan Stanley. At a correlation of -0.50, they often move in opposite directions. MSEGX charges 0.87%/yr vs 0.59%/yr for TALTX.

Performance

MSEGX vs. TALTX - Performance Comparison

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

Returns By Period

MSEGX

• 1D: -1.57%
• 1M: 4.07%
• YTD: -1.30%
• 6M: -3.05%
• 1Y: 8.80%
• 3Y*: 28.84%
• 5Y*: 1.56%
• 10Y*: 17.13%

TALTX

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

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

MSEGX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
MSEGX Morgan Stanley Institutional Growth Portfolio	0.95%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%

Correlation

The correlation between MSEGX and TALTX is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.50

Return for Risk

MSEGX vs. TALTX — Risk / Return Rank

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

MSEGX

MSEGX Risk / Return Rank: 5
MSEGX Sharpe Ratio Rank: 5
MSEGX Sortino Ratio Rank: 5
MSEGX Omega Ratio Rank: 5
MSEGX Calmar Ratio Rank: 4
MSEGX Martin Ratio Rank: 4

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.

MSEGX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) 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.

	MSEGX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	0.34	—	—
Sortino ratio: Return per unit of downside risk	0.66	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.34	—	—
Martin ratio: Return relative to average drawdown	0.73	—	—
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

	MSEGX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	21.79	-21.37

Drawdowns

MSEGX vs. TALTX - Drawdown Comparison

The maximum MSEGX drawdown since its inception was -69.57%, which is greater than TALTX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSEGX and TALTX.

Drawdown Indicators

	MSEGX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-69.57%	0.00%	-69.57%
Max Drawdown (1Y) Largest decline over 1 year	-27.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-69.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.57%	—	—
Current Drawdown Current decline from peak	-14.69%	0.00%	-14.69%
Average Drawdown Average peak-to-trough decline	-19.50%	0.00%	-19.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.89%	—	—

Volatility

Volatility by Period

	MSEGX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.99%	1.43%	+26.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.72%	1.43%	+38.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.79%	1.43%	+32.36%

MSEGX vs. TALTX - Expense Ratio Comparison

MSEGX has a 0.87% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

MSEGX vs. TALTX - Dividend Comparison

Neither MSEGX nor TALTX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSEGX Morgan Stanley Institutional Growth Portfolio	0.00%	0.00%	0.42%	0.00%	18.70%	26.52%	10.03%	22.75%	5.67%	22.18%	13.17%	7.76%
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 MSEGX and TALTX in my portfolio?

MSEGX and TALTX have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.