TALTX vs. TMSRX

Last updated Jun 4, 2026

TALTX (Morgan Stanley Pathway Funds Alternative Strategies Fund) and TMSRX (T. Rowe Price Multi-Strategy Total Return Fund) are both Multistrategy funds. TALTX charges 0.59%/yr vs 1.19%/yr for TMSRX.

Performance

TALTX vs. TMSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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*: —

TMSRX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.41%
• 6M: 0.72%
• 1Y: 3.60%
• 3Y*: 4.02%
• 5Y*: 0.99%
• 10Y*: —

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

TALTX vs. TMSRX - Yearly Performance Comparison

	2026 (YTD)
TALTX Morgan Stanley Pathway Funds Alternative Strategies Fund	0.27%
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	0.00%

Return for Risk

TALTX vs. TMSRX — Risk / Return Rank

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

TMSRX

TMSRX Risk / Return Rank: 75
TMSRX Sharpe Ratio Rank: 52
TMSRX Sortino Ratio Rank: 55
TMSRX Omega Ratio Rank: 91
TMSRX Calmar Ratio Rank: 88
TMSRX Martin Ratio Rank: 89

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. TMSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Alternative Strategies Fund (TALTX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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	TMSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	21.79	0.83	+20.96

Drawdowns

TALTX vs. TMSRX - Drawdown Comparison

The maximum TALTX drawdown since its inception was 0.00%, smaller than the maximum TMSRX drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for TALTX and TMSRX.

Drawdown Indicators

	TALTX	TMSRX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-10.67%	+10.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.59%	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	0.00%	-2.73%	+2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	TALTX	TMSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.43%	1.70%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.43%	2.76%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.43%	3.28%	-1.85%

TALTX vs. TMSRX - Expense Ratio Comparison

TALTX has a 0.59% expense ratio, which is lower than TMSRX's 1.19% expense ratio.

Dividends

TALTX vs. TMSRX - Dividend Comparison

TALTX has not paid dividends to shareholders, while TMSRX's dividend yield for the trailing twelve months is around 9.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	9.49%	7.59%	6.72%	5.95%	2.29%	2.88%	3.35%	3.00%	3.56%