TALTX vs. CPOAX

Last updated Jun 4, 2026

TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) and CPOAX (Morgan Stanley Insight A) are both mutual funds - TALTX is a Multistrategy fund managed by Morgan Stanley, while CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index. At a correlation of -0.50, they often move in opposite directions. TALTX charges 0.59%/yr vs 1.15%/yr for CPOAX.

Performance

TALTX vs. CPOAX - Performance Comparison

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

Returns By Period

TALTX

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

CPOAX

• 1D: -1.26%
• 1M: 6.92%
• YTD: 4.60%
• 6M: 1.21%
• 1Y: 13.31%
• 3Y*: 29.62%
• 5Y*: 0.26%
• 10Y*: 17.14%

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

TALTX vs. CPOAX - Yearly Performance Comparison

	2026 (YTD)
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%
CPOAX Morgan Stanley Insight A	1.49%

Correlation

The correlation between TALTX and CPOAX is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.50

Return for Risk

TALTX vs. CPOAX — Risk / Return Rank

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

CPOAX

CPOAX Risk / Return Rank: 6
CPOAX Sharpe Ratio Rank: 6
CPOAX Sortino Ratio Rank: 7
CPOAX Omega Ratio Rank: 7
CPOAX Calmar Ratio Rank: 5
CPOAX Martin Ratio Rank: 5

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.

TALTX vs. CPOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Morgan Stanley Insight A (CPOAX). 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

	TALTX	CPOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	21.79	0.35	+21.44

Drawdowns

TALTX vs. CPOAX - Drawdown Comparison

The maximum TALTX drawdown since its inception was 0.00%, smaller than the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for TALTX and CPOAX.

Drawdown Indicators

	TALTX	CPOAX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-84.57%	+84.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-70.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.33%	—
Current Drawdown Current decline from peak	0.00%	-17.08%	+17.08%
Average Drawdown Average peak-to-trough decline	0.00%	-39.22%	+39.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.13%	—

Volatility

Volatility by Period

	TALTX	CPOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.43%	28.66%	-27.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.43%	39.75%	-38.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.43%	34.08%	-32.65%

TALTX vs. CPOAX - Expense Ratio Comparison

TALTX has a 0.59% expense ratio, which is lower than CPOAX's 1.15% expense ratio.

Dividends

TALTX vs. CPOAX - Dividend Comparison

Neither TALTX nor CPOAX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPOAX Morgan Stanley Insight A	0.00%	0.00%	0.61%	0.00%	51.84%	14.94%	9.06%	7.29%	9.33%	28.73%	9.83%	8.92%
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 TALTX and CPOAX in my portfolio?

TALTX and CPOAX have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.