TALTX vs. RYMQX

Last updated Jun 4, 2026

TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) and RYMQX (Guggenheim Series Multi-Hedge Strategies Fund) are both Multistrategy funds. At a correlation of -1.00, they often move in opposite directions. TALTX charges 0.59%/yr vs 1.76%/yr for RYMQX.

Performance

TALTX vs. RYMQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Guggenheim Series Multi-Hedge Strategies Fund (RYMQX). 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*: —

RYMQX

• 1D: 0.25%
• 1M: 1.14%
• YTD: 5.25%
• 6M: 5.93%
• 1Y: 8.81%
• 3Y*: 1.74%
• 5Y*: 0.29%
• 10Y*: 2.19%

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

TALTX vs. RYMQX - Yearly Performance Comparison

	2026 (YTD)
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	0.71%

Correlation

The correlation between TALTX and RYMQX is -1.00, 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	-1.00

Return for Risk

TALTX vs. RYMQX — Risk / Return Rank

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

RYMQX

RYMQX Risk / Return Rank: 68
RYMQX Sharpe Ratio Rank: 57
RYMQX Sortino Ratio Rank: 63
RYMQX Omega Ratio Rank: 63
RYMQX Calmar Ratio Rank: 86
RYMQX Martin Ratio Rank: 73

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. RYMQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and Guggenheim Series Multi-Hedge Strategies Fund (RYMQX). 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	RYMQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	21.79	0.20	+21.59

Drawdowns

TALTX vs. RYMQX - Drawdown Comparison

The maximum TALTX drawdown since its inception was 0.00%, smaller than the maximum RYMQX drawdown of -29.13%. Use the drawdown chart below to compare losses from any high point for TALTX and RYMQX.

Drawdown Indicators

	TALTX	RYMQX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-29.13%	+29.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.98%	—
Current Drawdown Current decline from peak	0.00%	-2.31%	+2.31%
Average Drawdown Average peak-to-trough decline	0.00%	-8.89%	+8.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.65%	—

Volatility

Volatility by Period

	TALTX	RYMQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.43%	4.11%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.43%	5.68%	-4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.43%	5.29%	-3.86%

TALTX vs. RYMQX - Expense Ratio Comparison

TALTX has a 0.59% expense ratio, which is lower than RYMQX's 1.76% expense ratio.

Dividends

TALTX vs. RYMQX - Dividend Comparison

TALTX has not paid dividends to shareholders, while RYMQX's dividend yield for the trailing twelve months is around 9.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	9.63%	10.13%	2.89%	3.12%	1.67%	0.78%	1.03%	2.10%	0.16%	0.00%	0.15%
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%

Frequently Asked Questions

Can I hold both TALTX and RYMQX in my portfolio?

TALTX and RYMQX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.