$Schwab U.S. Large-Cap Growth ETF(SCHG)$ Schwab U.S. Large-Cap Growth ETF (SCHG)

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is a concentrated U.S. mega-cap growth ETF. The longer-term growth exposure remains intact, but its near-term technical picture is weak after a sharp risk-off move.

Latest close: US$34.32 on 2026-10-31, down 2.50% for the session; volume was 13.42 million shares, with a 1.70 volume ratio—selling activity was above its recent norm.

Recent trend: down 1.44% over five trading days, 5.56% over 20 days, and 4.48% over one month. It remains 5.21% above the level a year ago.

Range context: US$37.10 52-week high and US$27.96 low. The price is 7.49% below its high and sits at the 69.58th percentile of its 52-week range—below the peak, but not historically depressed.

Technical read: the close sits essentially at the lower Bollinger Band (US$34.33), while RSI(6) is 26.94 and RSI(12) is 34.16, showing short-term oversold conditions. However, MACD remains negative (DIF -0.2518 vs DEA -0.1130), so this is not yet confirmation that the downtrend has reversed.

Key observed levels: near-term support was indicated around US$31.96; the most recent session low was US$33.97. Near-term resistance was around US$35.49, with the 20-day Bollinger midline at US$35.82.

What you own through SCHG: it is not a diversified “all-growth” basket in the equal-weight sense. Its top 10 holdings account for 59.87% of assets. The largest positions are

NVIDIA (NVDA)

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at 12.10%,

Apple (AAPL)

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at 11.92%, and

Microsoft (MSFT)

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at 9.21%. The identified semiconductor holdings alone—NVIDIA,

Broadcom (AVGO)

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,

Micron Technology (MU)

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,

Advanced Micro Devices (AMD)

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, and

Applied Materials (AMAT)

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—represent 22.58% . That concentration makes SCHG sensitive to AI-capex expectations, semiconductor cycles, and valuation moves in the largest technology franchises.

Bottom line: SCHG offers efficient large-cap growth exposure, but it currently carries meaningful mega-cap technology and semiconductor concentration. The immediate setup is technically fragile despite being short-term oversold. A stabilisation in high-growth/AI leaders and a recovery back above the mid-Bollinger area would improve the technical evidence; renewed weakness across its top technology holdings would keep pressure on the fund.

Schwab U.S. Large-Cap Growth ETF

34.32

-0.88

-0.88(-2.50%)

Post-market:

34.42

0.0999

0.29%

19:59 EDT

Information is for reference only and does not constitute investment advice.