SRRIX vs. TALTX

Last updated Jun 4, 2026

SRRIX (Stone Ridge Reinsurance Risk Premium Interval Fund) and TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) are both Multistrategy funds. With a 1.00 correlation, they move nearly in lockstep. SRRIX charges 2.35%/yr vs 0.59%/yr for TALTX.

Performance

SRRIX vs. TALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SRRIX

• 1D: 0.07%
• 1M: 1.33%
• YTD: 8.54%
• 6M: 11.01%
• 1Y: 36.86%
• 3Y*: 32.68%
• 5Y*: 21.89%
• 10Y*: 8.81%

TALTX

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

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

SRRIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)
SRRIX Stone Ridge Reinsurance Risk Premium Interval Fund	0.33%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%

Correlation

The correlation between SRRIX and TALTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

SRRIX vs. TALTX — Risk / Return Rank

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

SRRIX

SRRIX Risk / Return Rank: 100
SRRIX Sharpe Ratio Rank: 100
SRRIX Sortino Ratio Rank: 100
SRRIX Omega Ratio Rank: 100
SRRIX Calmar Ratio Rank: 100
SRRIX Martin Ratio Rank: 100

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.

SRRIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) 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.

	SRRIX	TALTX	Difference
Sharpe ratio Return per unit of total volatility	14.40	—	—
Sortino ratio Return per unit of downside risk	48.47	—	—
Omega ratio Gain probability vs. loss probability	30.11	—	—
Calmar ratio Return relative to maximum drawdown	67.15	—	—
Martin ratio Return relative to average drawdown	703.99	—	—
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

	SRRIX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.40	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	21.79	-20.91

Drawdowns

SRRIX vs. TALTX - Drawdown Comparison

The maximum SRRIX drawdown since its inception was -27.22%, which is greater than TALTX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SRRIX and TALTX.

Drawdown Indicators

	SRRIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	0.00%	-27.22%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.22%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.90%	0.00%	-9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	SRRIX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.58%	1.43%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	1.43%	+12.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	1.43%	+9.58%

SRRIX vs. TALTX - Expense Ratio Comparison

SRRIX has a 2.35% expense ratio, which is higher than TALTX's 0.59% expense ratio.

Dividends

SRRIX vs. TALTX - Dividend Comparison

SRRIX's dividend yield for the trailing twelve months is around 18.55%, while TALTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRRIX Stone Ridge Reinsurance Risk Premium Interval Fund	18.55%	20.14%	21.58%	20.02%	0.00%	0.00%	0.38%	1.06%	2.32%	0.10%	6.16%	8.41%
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%	0.00%

Frequently Asked Questions

Can I hold both SRRIX and TALTX in my portfolio?

With a correlation of 1.00, SRRIX and TALTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.