Ottonello, GiorgioVecchia, Daniele Della2025-02-122025-02-122024-01-222024-01-22http://hdl.handle.net/10362/178879This thesis aims to investigate how 15 American ESG ETFs and 20 European ESG ETFs performed compared with the respective benchmarks (S&P500 and S&P500 ESG in the first case, STOXX Europe 600 and STOXX Europe 600 ESG-X in the second case) during the 2019-2023 period, considering the impact of COVID-19 crisis and Russo-Ukrainian War. Appealing to risk-adjusted measures and a Fama-French and momentum analysis, the goal is to evidence if a high ESG score allows to outperform the market even during financial turmoil. This trend is confirmed for the USA, meanwhile, in Europe the context offered different perspectives to explore.engEsgExchange-traded fundsSocially responsible investingCovid-19Russo-Ukrainian warFama-French modelS&P 500Stoxx Europe 600master thesis203863992