RYMQX vs. TALTX

Last updated Jun 5, 2026

RYMQX (Guggenheim Series Multi-Hedge Strategies Fund) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. At a 0.20 correlation, their price movements are largely independent. RYMQX charges 1.76%/yr vs 0.59%/yr for TALTX.

Performance

RYMQX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RYMQX

• 1D: 0.08%
• 1M: 1.13%
• YTD: 5.34%
• 6M: 6.32%
• 1Y: 9.17%
• 3Y*: 1.76%
• 5Y*: 0.28%
• 10Y*: 2.20%

TALTX

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

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

RYMQX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	0.80%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.18%

Correlation

The correlation between RYMQX and TALTX is 0.20, 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	0.20

Return for Risk

RYMQX vs. TALTX — Risk / Return Rank

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

RYMQX

RYMQX Risk / Return Rank: 68
RYMQX Sharpe Ratio Rank: 56
RYMQX Sortino Ratio Rank: 62
RYMQX Omega Ratio Rank: 63
RYMQX Calmar Ratio Rank: 86
RYMQX Martin Ratio Rank: 74

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.

RYMQX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) 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.

	RYMQX	TALTX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	—	—
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.02	—	—
Martin ratio: Return relative to average drawdown	13.76	—	—
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

	RYMQX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	7.52	-7.32

Drawdowns

RYMQX vs. TALTX - Drawdown Comparison

The maximum RYMQX drawdown since its inception was -29.13%, which is greater than TALTX's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for RYMQX and TALTX.

Drawdown Indicators

	RYMQX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-0.09%	-29.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-13.98%	—	—
Current Drawdown Current decline from peak	-2.23%	-0.09%	-2.14%
Average Drawdown Average peak-to-trough decline	-8.88%	-0.02%	-8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	RYMQX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	1.84%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	1.84%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	1.84%	+3.45%

RYMQX vs. TALTX - Expense Ratio Comparison

RYMQX has a 1.76% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

RYMQX vs. TALTX - Dividend Comparison

RYMQX's dividend yield for the trailing twelve months is around 9.62%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	9.62%	10.13%	2.89%	3.12%	1.67%	0.78%	1.03%	2.10%	0.16%	0.00%	0.15%
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%

Frequently Asked Questions

Can I hold both RYMQX and TALTX in my portfolio?

RYMQX and TALTX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.