There appears to be cautious optimism surrounding the conflict in the Middle East.
This is pushing global benchmarks into the green recently.
The S&P 500 Index (SP: .INX) recovered more than 1% overnight. Today, the S&P/ASX 200 Index (ASX: XJO) has opened with strong momentum.
Since the end of March, both indexes have rallied, with Australia's benchmark up more than 6% and the S&P 500 rising more than 8%.
While it's impossible to predict what will happen in the Middle East, one possibility is we have already hit the bottom of the current cycle.
If this is the case, it may be time to buy low on ASX ETFs that are yet to fully bounce back from yearly lows.
Here are three ASX ETFs to consider.
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iShares International Equity ETFs – iShares Global Healthcare ETF (ASX: IXJ)
Healthcare stocks have been some of the hardest hit in 2026.
Unsurprisingly, this ASX ETF has been heavily sold off.
It is down more than 12% since November last year, but has slowly started to bounce back since late March.
The fund aims to provide investors with the performance of the S&P Global 1200 Healthcare (Sector) Capped Index, before fees and expenses.
The index is designed to measure the performance of healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.
This fund has been around since 2001, and in the last 10 years has brought annualised returns of nearly 10% per year.
The recent drop off could be a rare opportunity to buy low on this ASX ETF.
Vanguard Australian Property Securities Index ETF (ASX: VAP)
This ASX ETF seeks to track the return of the S&P/ASX 300 A-REIT Index.
This index includes real estate companies in the retail, office, industrial and diversified sectors.
Since inception in 2010, it has brought annualised returns of nearly 10% per year.
However, it is currently down nearly 18% since late last year.
This could be a rare opportunity to access exposure to the Australian real estate industry at a relative value.
Vanguard Ethically Conscious International Shares Index Etf Fun (ASX: VESG)
This ASX ETF was first listed in 2018, since then, it has brought an average annualised return of more than 12%.
At the time of writing, it is down almost 7% since yearly highs back in January.
It includes more than 1,400 holdings, and is an ESG fund.
This means it excludes companies that have a specified level of business involvement in fossil fuels, nuclear power, alcohol, tobacco, cannabis, gambling, adult entertainment or weapons.
