With broad markets hovering near record highs, investors and advisors are looking for ways to limit portfolio volatility. Consequently, more are turning to exchange traded funds to capture better risk-adjusted returns.

On the upcoming webcast, Getting Active with ETFs, Tom Dorsey, founder of Dorsey Wright & Associates, Ben Fulton, CEO of Elkhorn Investments, Steve Blumenthal, CEO of Capital Management Group, and Joseph Cunningham, executive VP and head of capital markets at Horizons ETFs, will highlight different strategies to improve risk-adjusted returns by tactically rotating ETFs in a portfolio.

In lackluster market conditions, investors can utilize a covered call strategy to squeeze out some extra returns through income generation. For instance, the Horizons S&P 500 Covered Call ETF (NYSEArca: HSPX), which uses covered calls with S&P 500 securities, and the Horizons Financial Select Sector Covered Call ETF (NYSEArca: HFIN), which tracks the S&P Financial Select Sector Covered Call Index.

Specifically, these type of covered call strategies can potentially outperform buy-and-hold, long equity positions during bearish, rangebound and slow bullish market environments. However, potential investors should be aware that the covered call strategies can lag during strong bull rallies. [When to Implement a Covered Call ETF Investment]

Alternatively, investors can also use relative strength to target areas with strong forward momentum – the relative strength factor heavily weights recent performance to identify areas that have been accelerating compared to those that have been slowing.