TALTX vs. CSQAX
Compare and contrast key facts about Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX).
TALTX is managed by Morgan Stanley. It was launched on Feb 14, 2018. CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012.
Performance
TALTX vs. CSQAX - Performance Comparison
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TALTX vs. CSQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 0.95% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | 2.88% | -4.97% |
Returns By Period
In the year-to-date period, TALTX achieves a 0.75% return, which is significantly lower than CSQAX's 0.95% return.
TALTX
- 1D
- 0.00%
- 1M
- -2.09%
- YTD
- 0.75%
- 6M
- 2.15%
- 1Y
- 5.40%
- 3Y*
- 5.84%
- 5Y*
- 3.73%
- 10Y*
- —
CSQAX
- 1D
- -0.35%
- 1M
- -4.69%
- YTD
- 0.95%
- 6M
- 1.62%
- 1Y
- -1.45%
- 3Y*
- 2.50%
- 5Y*
- 2.91%
- 10Y*
- 3.09%
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TALTX vs. CSQAX - Expense Ratio Comparison
TALTX has a 0.59% expense ratio, which is lower than CSQAX's 1.74% expense ratio.
Return for Risk
TALTX vs. CSQAX — Risk / Return Rank
TALTX
CSQAX
TALTX vs. CSQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX). 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.
| TALTX | CSQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | -0.15 | +1.30 |
Sortino ratioReturn per unit of downside risk | 1.56 | -0.15 | +1.71 |
Omega ratioGain probability vs. loss probability | 1.27 | 0.98 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.24 | +0.94 |
Martin ratioReturn relative to average drawdown | 2.86 | -0.39 | +3.25 |
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
| TALTX | CSQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.15 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.46 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.49 | +0.42 |
Correlation
The correlation between TALTX and CSQAX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TALTX vs. CSQAX - Dividend Comparison
TALTX's dividend yield for the trailing twelve months is around 4.30%, more than CSQAX's 1.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.08% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
Drawdowns
TALTX vs. CSQAX - Drawdown Comparison
The maximum TALTX drawdown since its inception was -14.24%, which is greater than CSQAX's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for TALTX and CSQAX.
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Drawdown Indicators
| TALTX | CSQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -8.37% | -5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -5.05% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -6.38% | -7.28% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.37% | — |
Current DrawdownCurrent decline from peak | -2.09% | -4.69% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -2.07% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 3.16% | -1.62% |
Volatility
TALTX vs. CSQAX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) is 0.96%, while Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a volatility of 3.03%. This indicates that TALTX experiences smaller price fluctuations and is considered to be less risky than CSQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TALTX | CSQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 3.03% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 5.78% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 7.60% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 6.33% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 5.98% | -1.25% |