QMFRX vs. TALTX

Last updated Jun 5, 2026

QMFRX (AQR MS Fusion Fund Class R6) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. Their correlation of 0.80 suggests significant overlap in exposure. QMFRX charges 3.45%/yr vs 0.59%/yr for TALTX.

Performance

QMFRX vs. TALTX - Performance Comparison

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

Returns By Period

QMFRX

• 1D: -0.23%
• 1M: 7.39%
• YTD: 11.42%
• 6M: 13.04%
• 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)

QMFRX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
QMFRX AQR MS Fusion Fund Class R6	2.16%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.18%

Correlation

The correlation between QMFRX and TALTX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

QMFRX vs. TALTX - Risk-Adjusted Trends Comparison

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

	QMFRX	TALTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	7.52	-5.38

Drawdowns

QMFRX vs. TALTX - Drawdown Comparison

The maximum QMFRX drawdown since its inception was -10.27%, which is greater than TALTX's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for QMFRX and TALTX.

Drawdown Indicators

	QMFRX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-0.09%	-10.18%
Current Drawdown Current decline from peak	-0.23%	-0.09%	-0.14%
Average Drawdown Average peak-to-trough decline	-2.25%	-0.02%	-2.23%

Volatility

Volatility by Period

	QMFRX	TALTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	1.84%	+12.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	1.84%	+12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.26%	1.84%	+12.42%

QMFRX vs. TALTX - Expense Ratio Comparison

QMFRX has a 3.45% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

QMFRX vs. TALTX - Dividend Comparison

QMFRX's dividend yield for the trailing twelve months is around 0.43%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025
QMFRX AQR MS Fusion Fund Class R6	0.43%	0.47%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both QMFRX and TALTX in my portfolio?

QMFRX and TALTX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.