After a May swoon, the Wall Street rebounded strongly, buoyed by high hopes of easing money policies. The Fed left interest rates unchanged in its latest FOMC meeting and hinted at future rate cuts to protect the economy from trade conflicts and other threats. In fact, the S&P 500 hit new highs at the close.The central bank has dropped the word “patient”, promising to “closely monitor the implications of incoming information for the economic outlook.” Fed also stated that it would "act as appropriate to sustain the expansion” because "uncertainties" have increased (read: Best June for Stocks in Decades: 5 Best ETFs).Additionally, optimism over the resumption of U.S.-China trade talks later this month, a surge in oil price as well as a slew of deal activities led to the rally.While every corner of the market is enjoying this ascent, high-beta ETFs and stocks seem a perfect bet at present.Why?Beta measures the price volatility of the stocks or funds relative to the overall market. It has a direct relationship to market movements. A beta of more than 1 indicates that the price tends to move higher than the broader market and is extremely volatile, while a beta of less than 1 indicates the stock price or fund to be less volatile than the market (read: Market Rallies: High-Beta & Momentum ETFs to Buy).That said, high-beta stocks seek to capitalize on consistent growth with market-beating returns. This is because when markets soar, high-beta stocks experience larger gains than the broader market counterparts and thus, outpace the rivals. However, these exhibit a higher level of volatility.Given this bullishness, investors could find the following ETFs and stocks to be intriguing options:ETF PicksWe have chosen ETFs that are not confined to a specific sector or industry but offer exposure to the broad stock market. Additionally, these have AUM of at least $50 million to ensure better tradability and liquidity.Invesco S&P 500 High Beta ETF SPHBThis fund offers exposure to the stocks with the highest sensitivity to market movements,or beta over the past 12 months. It follows the S&P 500 High Beta Index.Zacks Rank: N/ABeta: 1.44AUM: $130.4 millionExpense Ratio: 0.25%ERShares Entrepreneur 30 ETF ENTRThis fund offers exposure to U.S. large-cap entrepreneurial companies with the highest market capitalization and composite scores based on six criteria. This can be easily done by tracking the Entrepreneur 30 Index (read: Salesforce to Buy Tableau: ETFs in Focus).Zacks Rank: N/ABeta: 1.44AUM: $76.9 millionExpense Ratio: 0.49%Invesco S&P MidCap 400 Pure Value ETF RFVThis product offers exposure to the mid-cap value segment of the U.S. equity market by tracking the S&P Midcap 400 Pure Value Index.Zacks Rank: #3 (Hold)Beta: 1.39AUM: $133.5 millionExpense Ratio: 0.35%Invesco S&P SmallCap 600 Pure Value ETF RZVThis fund provides pure exposure to the small-cap value segment of the U.S. equity market by tracking the S&P SmallCap 600 Pure Value Index (read: Value Investing Set to Shine: 5 Top-Ranked ETFs & Stocks).Zacks Rank: #3Beta: 1.38AUM: $174.3 millionExpense Ratio: 0.35%Invesco S&P SmallCap 600 Revenue ETF RWJThis product offers exposure to securities of the S&P SmallCap 600 but is weighted by revenues instead of market capitalization.Zacks Rank: #3Beta: 1.36AUM: $403.5 millionExpense Ratio: 0.39%Stocks PicksWe have chosen stocks with a top Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of B or better along with high beta.Yirendai Ltd. YRDBased in in Beijing, China, Yirendai is involved in the online consumer finance business. You can see the complete list of today’s Zacks #1 Rank stocks here.Zacks Rank: #1VGM Score: BBeta: 3.14Market Cap: $838.5 millionStitch Fix Inc. SFIXBased in San Francisco, United States, Stitch Fix provides an online subscription and personal shopping platform.Zacks Rank: #2VGM Score: BBeta: 3.01Market Cap: $3.17 billionH&E Equipment Services Inc. HEESBased in Baton Rouge, LA, H&E Equipment Services is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States (read: Energy ETFs Jump on Tanker Attacks: What Lies in Store?).Zacks Rank: #1VGM Score: BBeta: 2.83Market Cap: $1 billionDXP Enterprises Inc. DXPEBased in Houston, TX, DXP Enterprises is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai.Zacks Rank: #2VGM Score: BBeta: 2.66Market Cap: $615.5 millionForum Energy Technologies Inc. FETHeadquartered in Houston, TX, Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.Zacks Rank: #1VGM Score: ABeta: 2.55Market Cap: $395.7 millionBottom Line Given this positivity, high-beta products will continue to generate outsized returns in the coming weeks and are suitable for risk-tolerant investors, given their volatile nature.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Yirendai Ltd. (YRD): Free Stock Analysis Report ERShares Entrepreneur 30 ETF (ENTR): ETF Research Reports Invesco S&P SmallCap 600 Revenue ETF (RWJ): ETF Research Reports Invesco S&P 500 High Beta ETF (SPHB): ETF Research Reports Invesco S&P SmallCap 600 Pure Value ETF (RZV): ETF Research Reports Invesco S&P MidCap 400 Pure Value ETF (RFV): ETF Research Reports H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report DXP Enterprises, Inc. (DXPE): Free Stock Analysis Report Forum Energy Technologies, Inc. (FET): Free Stock Analysis Report Stitch Fix, Inc. (SFIX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report