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# Playing Defense With SCHD (Archive)
- URL: https://www.huntingalphas.com/playing-defense-with-schd-archive/
- Published: 2024-08-05T07:01:00.000Z
- Updated: 2026-02-27T11:42:58.000Z
- Description: Defensive SCHD positioning targets alpha via value, banks and underweight tech in recession.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ETF, SCHD

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- SCHD's net exposure vs the S&P 500 has turned more defensive after 2024's Portfolio Reconstitution.
- SCHD's relative underweight in technology and semiconductors is favorable in the current environment of heightened recession risks and waning enthusiasm for AI-themed plays.
- The ETF's relative overweight in banks is favorable, as this sector's growth prospects are attractive as credit quality concerns ease amid strong Q2 FY24 earnings.
- SCHD's valuation discount vs the S&P 500 has widened from 28% at the start of this year to 41%, making the ETF more attractive.
- The technicals relative to the S&P 500 look very attractive as SCHD prints a strong V-shaped recovery off a major 12-monthly support level.

Read the full article [here](https://seekingalpha.com/article/4710417-schd-playing-defense-with-this-etf?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*