RMDFX vs. TALTX
Compare and contrast key facts about Aspiriant Defensive Allocation Fund (RMDFX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX).
RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015. TALTX is managed by Morgan Stanley. It was launched on Feb 14, 2018.
Performance
RMDFX vs. TALTX - Performance Comparison
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RMDFX vs. TALTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 2.53% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 5.10% | 11.50% | -5.77% |
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund | 0.75% | 5.51% | 3.53% | 8.27% | -2.29% | 5.33% | 5.20% | 6.53% | 1.69% |
Returns By Period
In the year-to-date period, RMDFX achieves a 2.53% return, which is significantly higher than TALTX's 0.75% return.
RMDFX
- 1D
- 0.25%
- 1M
- -3.79%
- YTD
- 2.53%
- 6M
- 7.56%
- 1Y
- 17.15%
- 3Y*
- 9.46%
- 5Y*
- 5.23%
- 10Y*
- 4.91%
TALTX
- 1D
- 0.00%
- 1M
- -2.09%
- YTD
- 0.75%
- 6M
- 2.15%
- 1Y
- 5.40%
- 3Y*
- 5.84%
- 5Y*
- 3.73%
- 10Y*
- —
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RMDFX vs. TALTX - Expense Ratio Comparison
RMDFX has a 0.18% expense ratio, which is lower than TALTX's 0.59% expense ratio.
Return for Risk
RMDFX vs. TALTX — Risk / Return Rank
RMDFX
TALTX
RMDFX vs. TALTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspiriant Defensive Allocation Fund (RMDFX) 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.
| RMDFX | TALTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.16 | +2.31 |
Sortino ratioReturn per unit of downside risk | 4.74 | 1.56 | +3.18 |
Omega ratioGain probability vs. loss probability | 1.75 | 1.27 | +0.48 |
Calmar ratioReturn relative to maximum drawdown | 4.07 | 0.69 | +3.38 |
Martin ratioReturn relative to average drawdown | 17.19 | 2.86 | +14.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMDFX | TALTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.16 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.82 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.91 | -0.13 |
Correlation
The correlation between RMDFX and TALTX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RMDFX vs. TALTX - Dividend Comparison
RMDFX's dividend yield for the trailing twelve months is around 4.52%, more than TALTX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 4.52% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% |
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund | 4.30% | 4.34% | 2.45% | 3.11% | 6.63% | 0.69% | 0.85% | 3.12% | 0.74% | 0.00% | 0.00% |
Drawdowns
RMDFX vs. TALTX - Drawdown Comparison
The maximum RMDFX drawdown since its inception was -15.96%, which is greater than TALTX's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for RMDFX and TALTX.
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Drawdown Indicators
| RMDFX | TALTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -14.24% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -5.15% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -6.38% | -8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -15.96% | — | — |
Current DrawdownCurrent decline from peak | -3.79% | -2.09% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -1.37% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.54% | -0.55% |
Volatility
RMDFX vs. TALTX - Volatility Comparison
Aspiriant Defensive Allocation Fund (RMDFX) has a higher volatility of 1.99% compared to Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) at 0.96%. This indicates that RMDFX's price experiences larger fluctuations and is considered to be riskier than TALTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMDFX | TALTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.96% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 2.56% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 5.36% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 4.68% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 4.73% | +1.47% |