Sharp market correction is indeed an opportunity to buy high-quality assets at lower prices. RSP is an ETF that invests in high cap stocks from the S&P 500 list. The major difference of the index itself is that these shares have an equal weight in the portfolio. This offsets the high dependence of the index from the tech sector so that safer value stocks have greater weight. Tech stocks account for 27% of the S&P 500 entire market cap while for the RSP, this figure is below 15%. The influence of oil and gas, and the utilities sectors is more than 14% for the RSP and only 9% for the S&P 500.

Investors may experience less loss during the correction as RSP shares have dropped by 9% compared to 14% of S&P 500 since the beginning of 2022. This is extremely important because tech stocks that pushed the index up in the recent years are now in a bearish trend. The RSP shares have a mid-term price target at $160, or 10% above current levels.