---
title: Oil versus Non-Oil Geopolitical Risk and US Industry Stock Market Volatility
url: https://www.ml-quant.com/papers/repec/pre-wpaper-202626/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-16
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:pre:wpaper:202626
source_url: https://econpapers.repec.org/RePEc:pre:wpaper:202626
featured: 2026-10-16
citations: unknown
topic: Derivatives & Volatility
---


# Oil versus Non-Oil Geopolitical Risk and US Industry Stock Market Volatility

Decomposing geopolitical risk into oil and non-oil components predicts US industry stock volatility better than aggregate measures across 49 sectors.

- Source: https://econpapers.repec.org/RePEc:pre:wpaper:202626
- Identifier: RePEc:pre:wpaper:202626
- Released: 2026-10-09
- First featured: Quant Letter No. 135 (2026-10-16): https://www.ml-quant.com/issues/2026-10-16/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Derivatives & Volatility
- Authors: Onur Polat, Yuxiang Ye, Rangan Gupta

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