QMFIX vs. TALTX

Last updated Jun 4, 2026

QMFIX (AQR MS Fusion Fund Class I) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. A 0.50 correlation means they provide meaningful diversification when combined. QMFIX charges 3.55%/yr vs 0.59%/yr for TALTX.

Performance

QMFIX vs. TALTX - Performance Comparison

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

Returns By Period

QMFIX

• 1D: 0.16%
• 1M: 8.39%
• YTD: 11.51%
• 6M: 13.71%
• 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)

QMFIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
QMFIX AQR MS Fusion Fund Class I	2.40%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%

Correlation

The correlation between QMFIX and TALTX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

Return for Risk

QMFIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion Fund Class I (QMFIX) 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

	QMFIX	TALTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	21.79	-19.62

Drawdowns

QMFIX vs. TALTX - Drawdown Comparison

The maximum QMFIX drawdown since its inception was -10.27%, which is greater than TALTX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QMFIX and TALTX.

Drawdown Indicators

	QMFIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	0.00%	-10.27%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.25%	0.00%	-2.25%

Volatility

Volatility by Period

	QMFIX	TALTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	1.43%	+12.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	1.43%	+12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	1.43%	+12.89%

QMFIX vs. TALTX - Expense Ratio Comparison

QMFIX has a 3.55% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

QMFIX vs. TALTX - Dividend Comparison

QMFIX's dividend yield for the trailing twelve months is around 0.41%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025
QMFIX AQR MS Fusion Fund Class I	0.41%	0.46%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both QMFIX and TALTX in my portfolio?

QMFIX 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.