SYMIX vs. TALTX

Last updated Apr 2, 2026

Compare and contrast key facts about AlphaCentric Symmetry Strategy Fund Class I (SYMIX) and Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX).

SYMIX is managed by AlphaCentric Funds. It was launched on Aug 8, 2019. TALTX is managed by Morgan Stanley. It was launched on Feb 14, 2018.

Performance

SYMIX vs. TALTX - Performance Comparison

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

SYMIX vs. TALTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SYMIX AlphaCentric Symmetry Strategy Fund Class I	3.62%	12.36%	7.61%	0.93%	6.09%	14.07%	-2.60%	0.06%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	1.31%	5.51%	3.53%	8.27%	-2.29%	5.33%	5.20%	2.29%

Returns By Period

In the year-to-date period, SYMIX achieves a 3.62% return, which is significantly higher than TALTX's 1.31% return.

SYMIX

• 1D: 1.27%
• 1M: -3.57%
• YTD: 3.62%
• 6M: 7.51%
• 1Y: 19.73%
• 3Y*: 8.96%
• 5Y*: 7.00%
• 10Y*: —

TALTX

• 1D: 0.56%
• 1M: -1.46%
• YTD: 1.31%
• 6M: 2.71%
• 1Y: 5.79%
• 3Y*: 6.04%
• 5Y*: 3.75%
• 10Y*: —

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

SYMIX vs. TALTX - Expense Ratio Comparison

SYMIX has a 1.69% expense ratio, which is higher than TALTX's 0.59% expense ratio.

SYMIX

AlphaCentric Symmetry Strategy Fund Class I

TALTX

Morgan Stanley Pathway Funds Alternative Strategies Fund

Return for Risk

SYMIX vs. TALTX — Risk / Return Rank

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

SYMIX

SYMIX Risk / Return Rank: 82
SYMIX Sharpe Ratio Rank: 80
SYMIX Sortino Ratio Rank: 78
SYMIX Omega Ratio Rank: 72
SYMIX Calmar Ratio Rank: 91
SYMIX Martin Ratio Rank: 89

TALTX

TALTX Risk / Return Rank: 50
TALTX Sharpe Ratio Rank: 66
TALTX Sortino Ratio Rank: 62
TALTX Omega Ratio Rank: 74
TALTX Calmar Ratio Rank: 22
TALTX Martin Ratio Rank: 25

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.

SYMIX vs. TALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Symmetry Strategy Fund Class I (SYMIX) 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.

	SYMIX	TALTX	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.28	+0.27
Sortino ratio Return per unit of downside risk	2.10	1.72	+0.38
Omega ratio Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio Return relative to maximum drawdown	2.81	0.82	+1.99
Martin ratio Return relative to average drawdown	10.31	3.36	+6.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYMIX vs. TALTX - Sharpe Ratio Comparison

The current SYMIX Sharpe Ratio is 1.54, which is comparable to the TALTX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of SYMIX and TALTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SYMIX	TALTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.28	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.82	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.92	-0.36

Correlation

The correlation between SYMIX and TALTX is 0.64, 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

SYMIX vs. TALTX - Dividend Comparison

SYMIX has not paid dividends to shareholders, while TALTX's dividend yield for the trailing twelve months is around 4.28%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SYMIX AlphaCentric Symmetry Strategy Fund Class I	0.00%	0.00%	0.00%	2.06%	9.82%	0.25%	1.71%	2.42%	0.00%
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	4.28%	4.34%	2.45%	3.11%	6.63%	0.69%	0.85%	3.12%	0.74%

Drawdowns

SYMIX vs. TALTX - Drawdown Comparison

The maximum SYMIX drawdown since its inception was -17.44%, which is greater than TALTX's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for SYMIX and TALTX.

Drawdown Indicators

	SYMIX	TALTX	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-14.24%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-5.15%	-1.91%
Max Drawdown (5Y) Largest decline over 5 years	-12.20%	-6.38%	-5.82%
Current Drawdown Current decline from peak	-4.53%	-1.55%	-2.98%
Average Drawdown Average peak-to-trough decline	-4.27%	-1.37%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.55%	+0.37%

Volatility

SYMIX vs. TALTX - Volatility Comparison

AlphaCentric Symmetry Strategy Fund Class I (SYMIX) has a higher volatility of 4.71% compared to Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) at 1.16%. This indicates that SYMIX'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.

Volatility by Period

	SYMIX	TALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	1.16%	+3.55%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	2.59%	+6.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	5.38%	+7.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.87%	4.69%	+6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	4.73%	+6.32%