Fortescue (FMG) is held by 38 ASX ETFs. Over the last 3 months it fell 11.8%: on $10,000, −$1182. We explain 2 big moves in that time.
About FMG
- SectorMaterials
- IndustryMaterials
- Size$50.0b
- Held by38 ETFs
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −4.6%2 Sep 2026· Sector Flow
FMG fell sharply alongside a broad sell-off in the ASX Materials sector, likely driven by weakness in iron ore prices or China demand sentiment.
- −3.8%3 Aug 2026· Analyst
Fortescue shares fell on a broker downgrade ahead of earnings, with Morningstar cutting its rating on the stock, triggering above-average selling pressure despite a broader materials sector rally on the day.
Held by 38 ETFs
Of every $10,000 in each fund, how much is in FMG today.
- MVRVanEck Australian Resources ETF$6426.42%
- IHDiShares S&P/ASX Dividend Opportunities ESG Screened ETF$5245.24%
- HGENGlobal X Hydrogen ETF$3913.91%
- GRPAGlobal X S&P Australia GARP ETF$3453.45%
- OZRSTATE STREET SPDR S&P/ASX 200 RESOURCES ETF$3453.45%
- ZYAUGlobal X S&P/ASX 200 High Dividend ETF$3303.30%
- QREBetaShares Australian Resources Sector ETF$3293.29%
- ALFAVanEck Australian Long Short Complex ETF$2842.84%
- AUMFiShares Edge MSCI Australia Multifactor ETF$2622.62%
- VHYVanguard Australian Shares High Yield ETF$2422.42%
Why did FMG fall 3.8% on 3 Aug 2026?
Fortescue
Fortescue shares fell on a broker downgrade ahead of earnings, with Morningstar cutting its rating on the stock, triggering above-average selling pressure despite a broader materials sector rally on the day.
The Morningstar downgrade ('ASX iron ore player downgraded ahead of earnings', published 2026-08-04) is the most actionable negative catalyst in the evidence window, consistent with the -3.84% move and elevated volume of 1.79x normal. The counterintuitive sector signal — the ASX Materials index (^AXMJ) actually rose 1.08% on the same day — reinforces that the move was FMG-specific rather than a broad sector rotation or commodity selloff. No company announcement was filed, and the USD/CNY signal showed no meaningful movement, ruling out a macro or China FX trigger.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 38 ETFs holding FMG
On $10,000 in each fund, at the weight it holds today
- MVR6.42% of the fund−$25
- IHD5.24% of the fund−$20
- HGEN3.91% of the fund−$15
- GRPA3.45% of the fund−$13
- OZR3.45% of the fund−$13
- ZYAU3.30% of the fund−$13
- QRE3.29% of the fund−$13
- ALFA2.84% of the fund−$11
- AUMF2.62% of the fund−$10
- VHY2.42% of the fund−$9
The 10 that hold it most. All 38 are listed on the page under Held by.