Research summary

Navigating the crossover bond market beyond the pandemic

October 01, 2021

Over time, crossovers tend to generate higher risk-adjusted returns than BBBs or high yield
A figure shows three solid lines that plot the risk-adjusted returns of crossover, BBB, and high-yield bonds from April 2006 through August 2021. Through that period, crossovers tended to outperform BBBs and high yield.

Economic downturns: Each time is different

Where crossover opportunities stand now

Active Fixed Income at Vanguard
The figure shows the active fixed income numbers for taxable and municiple bond
Vanguard Information and Insights

Subscribe to Asset classes.

Get Vanguard news, insights, and timely analysis on the market, delivered straight to your inbox.

Read our privacy policy to learn about how we keep personal information private.

* Indicates a required field

Vanguard Information and Insights

Thank you for subscribing to Asset classes.

You'll be notified when new content is published, but will only ever receive one email a day from Vanguard Insights.

Vanguard logo

Vanguard is the trusted name in investing. Since our founding in 1975, we've put investors first.