QHFRX vs. TALTX

Last updated Jun 5, 2026

QHFRX (AQR MS Fusion HV Fund Class R6) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. At a 0.40 correlation, their price movements are largely independent. QHFRX charges 6.59%/yr vs 0.59%/yr for TALTX.

Performance

QHFRX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR MS Fusion HV Fund Class R6 (QHFRX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QHFRX

• 1D: -0.16%
• 1M: 8.78%
• YTD: 3.55%
• 6M: 6.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TALTX

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

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

QHFRX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
QHFRX AQR MS Fusion HV Fund Class R6	3.99%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.18%

Correlation

The correlation between QHFRX and TALTX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

QHFRX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion HV Fund Class R6 (QHFRX) 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.

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

Sharpe Ratios by Period

	QHFRX	TALTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	7.52	-6.53

Drawdowns

QHFRX vs. TALTX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, which is greater than TALTX's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for QHFRX and TALTX.

Drawdown Indicators

	QHFRX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-0.09%	-13.67%
Current Drawdown Current decline from peak	-0.41%	-0.09%	-0.32%
Average Drawdown Average peak-to-trough decline	-4.95%	-0.02%	-4.93%

Volatility

Volatility by Period

	QHFRX	TALTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	1.84%	+14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	1.84%	+14.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	1.84%	+14.51%

QHFRX vs. TALTX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

QHFRX vs. TALTX - Dividend Comparison

Neither QHFRX nor TALTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QHFRX and TALTX in my portfolio?

QHFRX and TALTX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.