Fortescue (FMG) is held by 38 ASX ETFs. Over the last year it fell 16.1%: on $10,000, −$1607. We explain 9 big moves in that time.
About FMG
- SectorMaterials
- IndustryMaterials
- Size$50.0b
- Held by38 ETFs
- Big moves9 in 1Y
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
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 3.2% on 19 Dec 2025?
Fortescue
Copper acquisition for $139M likely pressured Fortescue shares amid broader iron ore price concerns
The only Fortescue-specific news is the acquisition of Alta for $139M, which may have raised concerns about capital allocation or overpayment. The decline occurred on December 18, while broader sector weakness and iron ore forecasts were cited in surrounding news, suggesting the drop was not solely due to a clear catalyst. Given the timing and lack of direct price-move announcements, the copper acquisition is the most identifiable company-specific driver, though the context is circumstantial.
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−$21
- IHD5.24% of the fund−$17
- HGEN3.91% of the fund−$13
- GRPA3.45% of the fund−$11
- OZR3.45% of the fund−$11
- ZYAU3.30% of the fund−$11
- QRE3.29% of the fund−$11
- ALFA2.84% of the fund−$9
- AUMF2.62% of the fund−$8
- VHY2.42% of the fund−$8
The 10 that hold it most. All 38 are listed on the page under Held by.