SCHG is trading 1.6% down today following President Trump’s April 2, 2026, address warning of intensified strikes on Iran, which has triggered a sharp risk-off move across global markets.
- The ETF’s 44.6% information technology allocation has left it highly exposed to Iranian threats specifically targeting American tech firms.
- Market pressure is being amplified by a 1.41% drop in the NASDAQ and oil prices surging above $108 per barrel due to Strait of Hormuz closure fears.
- Geopolitical volatility is expected to remain elevated over the next 2-3 weeks as military tensions in the Middle East escalate.