Özet:

Investors in globalizing financial markets take international indicators into account as well as national components while making decisions. The Volatility Index (VIX), also known as the fear index, is calculated by the Chicago Board Options Exchange and is often followed by policy makers and market participants. In this study, it is aimed to reveal the volatility interaction between 7 selected sector indices in Borsa Istanbul and VIX. In the study, the logarithmic difference series obtained from daily observations for the 2013-2020 period were analyzed with the Constant Conditional Correlation GARCH (CCC-GARCH) model. The method distinguishes from other methods in terms of showing the correlation coefficients between variables as well as volatility interactions. According to the analysis findings there are statistically significant volatility interactions and a weak but negative correlation between the series.