Fortescue (FMG) is held by 38 ASX ETFs. Over all time it fell 26.1%: on $10,000, −$2614. We explain 43 big moves in that time.
About FMG
- SectorMaterials
- IndustryMaterials
- Size$50.0b
- Held by38 ETFs
- Big moves43 in all time
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.
- −3.8%10 Jun 2026· Commodity
Fortescue shares fell below A$20 due to iron ore price concerns.
- +4.1%13 Mar 2026· Commodity
Iron ore price surged, boosting Fortescue shares by 4% along with other iron ore miners like RIO.
- −4.5%3 Mar 2026· Operational
Fortescue's share price fell on investor reaction to its announcement slashing wind farm plans and rejecting green hydrogen due to high costs.
- +4.7%25 Feb 2026· Earnings Beat
Fortescue beat earnings expectations with a 23% net profit jump and record ore shipments, boosting its share price.
- −4.7%16 Feb 2026· Sector Flow
A broad market sell-off and negative news regarding Fortescue's founder's false claim on fossil fuel cuts likely drove the stock down.
- −5.1%22 Jan 2026· Operational
Fortescue shares dropped 5% as rising costs overshadowed record iron ore shipments.
- −3.2%19 Dec 2025· Takeover / M&A
Copper acquisition for $139M likely pressured Fortescue shares amid broader iron ore price concerns
- −3.9%26 Aug 2025· Earnings Miss
Fortescue shares fell after reporting a 41% collapse in FY 2025 profit, which was below market expectations.
- +4.3%24 Jul 2025· Operational
Fortescue's strategic pivot away from clean energy and an iron ore price surge buoyed investor sentiment.
- +3.2%22 Jul 2025· Operational
Fortescue's strategic pivot away from clean energy and a surge in iron ore prices lifted investor sentiment.
- +3.5%27 Jun 2025· Sector Flow
Mining stocks including FMG rose as investors rotated out of banks, which were hit hard, lifting the broader mining sector.
- −4.0%18 Jun 2025· Sector Flow
Fortescue shares fell on June 18, 2025, as part of a broad decline in mining and materials stocks on the ASX 200, driven by sector-wide weakness.
- +5.8%29 Apr 2025· Sector Flow
Sector flow in ASX banks dragged the broader market sentiment, affecting Fortescue's price move.
- −4.2%9 Apr 2025· Sector Flow
Fortescue Ltd (FMG) fell sharply on 9 April 2025 as part of a broader ASX sell-off that saw 11 popular ASX 200 stocks crash to multi-year lows amid market carnage.
- +3.5%8 Apr 2025· Sector Flow
Broad market rebound on 2025-04-08 after the prior day's multi-year low crash likely lifted Fortescue along with the broader ASX sector.
- −3.6%7 Apr 2025· Sector Flow
FMG shares fell amid broad ASX 200 market carnage, with many shares crashing to multi-year lows.
- −4.0%31 Mar 2025· Unknown
No direct news explains the 4% drop; likely sector or macro-driven, as the only article is unrelated and from after the event.
- −3.3%20 Mar 2025· Sector Flow
Fortescue shares continued a sell-off trend amid broad iron ore miner weakness and a 32% year-over-year decline, with no single company-specific catalyst on the event date.
- +4.2%17 Mar 2025· Unknown
No clear news catalyst identified; likely sector/commodity-related movement.
- −3.4%4 Mar 2025· Commodity
Fortescue shares fell on March 3, 2025, likely due to a broad decline in iron ore prices or sector-wide weakness, though no direct company-specific news was identified.
- −3.7%28 Feb 2025· Unknown
No clear news catalyst found; the price drop may be due to broader sector dynamics or unlisted factors, as the only article is a general mining broker roundup from two days prior.
- −6.2%26 Feb 2025· Sector Flow
The abnormal drop in Fortescue's stock is likely driven by a broad sell-off in ASX mining stocks, as highlighted by broker activity covering BHP, RIO, FMG, and others.
- −6.2%20 Feb 2025· Sector Flow
The sharp decline in Fortescue's stock on February 19, 2025, aligns with a broad sell-off in iron ore miners, driven by sector-wide investor rotation and concerns over the sector's future.
- −4.4%7 Jan 2025· Sector Flow
Iron ore miners were sold off broadly, dragging Fortescue down with the sector.
- −3.9%19 Dec 2024· Sector Flow
No specific company news or catalyst identified; the price decline aligns with a broader sector or market flow.
- +6.2%10 Dec 2024· Commodity
Abnormal price move likely driven by a broader commodity price shift, given the lack of company-specific news around the date.
- −7.3%11 Nov 2024· Unknown
Insufficient evidence to determine the cause of the price move
- −3.2%24 Oct 2024· Sector Flow
Falling iron ore prices and sector weakness likely pressured the stock, compounded by unrelated negative media coverage.
- +4.0%10 Oct 2024· Commodity
Iron ore price outlook for November and December was discussed, likely supporting the stock
- −5.3%8 Oct 2024· Commodity
Iron ore price weakness ahead of the event likely drove Fortescue's sharp decline.
- −3.5%1 Oct 2024· Unknown
No clear cause found in the news articles; likely unrelated to company-specific events.
- +3.6%27 Sep 2024· Contract
Fortescue announced a multi-billion dollar deal to electrify its mining fleet with Liebherr, which lifted investor sentiment.
- +4.7%25 Sep 2024· Contract
Fortescue announced a major $2.8-4 billion deal to electrify its mining fleet with Liebherr, driving the stock up.
- +5.0%13 Sep 2024· Unknown
Insufficient news evidence to explain the price move; possibly driven by sector or commodity movements not captured in the provided article.
- −8.5%4 Sep 2024· Commodity
Likely triggered by sector-wide selling pressure in ASX iron ore miners due to weak commodity prices, though not directly confirmed by provided articles.
- +4.1%21 Aug 2024· Stake Change
Fund manager Chris Kourtis publicly sold BHP and bought Fortescue, driving buying interest in the stock.
- +3.1%16 Aug 2024· Unknown
No clear cause found; the only available news article is unrelated to Fortescue's price movement.
- −4.6%14 Aug 2024· Unknown
No direct news article explains the -4.63% drop on 2024-08-14; the provided articles are unrelated to a price-moving event.
- +3.2%31 Jul 2024· Stake Change
Fortescue shares rebounded after a two-day selloff driven by a large institutional block trade, with the price move likely a technical bounce rather than a new fundamental catalyst.
- −10.2%30 Jul 2024· Stake Change
Fortescue shares dropped 10% due to a massive block trade by a large institutional investor.
- −5.5%25 Jul 2024· Earnings Miss
Fortescue missed production guidance despite a record quarter, triggering a sharp sell-off.
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 rise 4.1% on 21 Aug 2024?
Fortescue
Fund manager Chris Kourtis publicly sold BHP and bought Fortescue, driving buying interest in the stock.
The news articles around the event date specifically mention a prominent fund manager selling BHP and buying Fortescue, which likely generated positive sentiment and buying pressure. However, no official announcement or fundamental catalyst is cited, so the effect is inferred from media coverage rather than confirmed. The stock's 4.11% rise with above-average volume suggests a sentiment-driven move rather than a fundamental event.
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
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+$26
- IHD5.24% of the fund+$22
- HGEN3.91% of the fund+$16
- GRPA3.45% of the fund+$14
- OZR3.45% of the fund+$14
- ZYAU3.30% of the fund+$14
- QRE3.29% of the fund+$14
- ALFA2.84% of the fund+$12
- AUMF2.62% of the fund+$11
- VHY2.42% of the fund+$10
The 10 that hold it most. All 38 are listed on the page under Held by.