With a constantly increasing awareness of environmental, social and governance (ESG) challenges in the society, the concept of sustainable investing has been more and more popular among active investors and lately also appeared in passive investments such as ESG EFTs. While there is a lot of discussion on debt instruments that are in line with ESG philosophy -e.g. “green bonds”, little is known about equity portfolios managed in the same spirit. The value that will be added with this research is to give a better understanding of how selected ESG ETFs perform compared to the overall market. The time aspect for ESG ETFs following the S&P 500 index is between October 2020 and April 2022 which is about 1.5 years and equals 81 observations. The ESG ETFs following the MSCI Europe index has a time frame between July 2019 and April 2022 which is 147 observations. The authors attempt to answer this question by using financial models like: Sharpe ratio, Information ratio and Tracking Error as well as an OLS regression on CAPM model. The conclusion is that ESG rated ETFs are unable to consistently beat the specified Index which in this case is both S&P 500 and MSCI Europe.