TALTX vs. RMDFX
Compare and contrast key facts about Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Aspiriant Defensive Allocation Fund (RMDFX).
TALTX is managed by Morgan Stanley. It was launched on Feb 14, 2018. RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015.
Performance
TALTX vs. RMDFX - Performance Comparison
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TALTX vs. RMDFX - 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% |
RMDFX Aspiriant Defensive Allocation Fund | 2.53% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 5.10% | 11.50% | -5.77% |
Returns By Period
In the year-to-date period, TALTX achieves a 0.75% return, which is significantly lower than RMDFX's 2.53% return.
TALTX
- 1D
- 0.00%
- 1M
- -2.09%
- YTD
- 0.75%
- 6M
- 2.15%
- 1Y
- 5.40%
- 3Y*
- 5.84%
- 5Y*
- 3.73%
- 10Y*
- —
RMDFX
- 1D
- 0.25%
- 1M
- -3.79%
- YTD
- 2.53%
- 6M
- 7.56%
- 1Y
- 17.15%
- 3Y*
- 9.46%
- 5Y*
- 5.23%
- 10Y*
- 4.91%
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TALTX vs. RMDFX - Expense Ratio Comparison
TALTX has a 0.59% expense ratio, which is higher than RMDFX's 0.18% expense ratio.
Return for Risk
TALTX vs. RMDFX — Risk / Return Rank
TALTX
RMDFX
TALTX vs. RMDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Aspiriant Defensive Allocation Fund (RMDFX). 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 | RMDFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 3.47 | -2.31 |
Sortino ratioReturn per unit of downside risk | 1.56 | 4.74 | -3.18 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.75 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 4.07 | -3.38 |
Martin ratioReturn relative to average drawdown | 2.86 | 17.19 | -14.33 |
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 | RMDFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 3.47 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.83 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.78 | +0.13 |
Correlation
The correlation between TALTX and RMDFX is 0.63, 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
TALTX vs. RMDFX - Dividend Comparison
TALTX's dividend yield for the trailing twelve months is around 4.30%, less than RMDFX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RMDFX Aspiriant Defensive Allocation Fund | 4.52% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% |
Drawdowns
TALTX vs. RMDFX - Drawdown Comparison
The maximum TALTX drawdown since its inception was -14.24%, smaller than the maximum RMDFX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for TALTX and RMDFX.
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Drawdown Indicators
| TALTX | RMDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -15.96% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -4.19% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -6.38% | -14.63% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.96% | — |
Current DrawdownCurrent decline from peak | -2.09% | -3.79% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -3.37% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.99% | +0.55% |
Volatility
TALTX vs. RMDFX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) is 0.96%, while Aspiriant Defensive Allocation Fund (RMDFX) has a volatility of 1.99%. This indicates that TALTX experiences smaller price fluctuations and is considered to be less risky than RMDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TALTX | RMDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.99% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.83% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 5.01% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 6.34% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 6.20% | -1.47% |