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 4.6% on 2 Sep 2026?
Fortescue
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.
The ASX Materials sector index (^AXMJ) fell 2.51% on the same day — well above its 60-day ATR threshold — with a confirmed direction match, making broad sector selling the most credible driver. FMG's own announcement was a non-market-sensitive notice of meeting, ruling it out as a catalyst. The USD/CNY signal showed no meaningful move, so a direct currency shock is not the proximate cause, though China demand concerns likely underpin the sector weakness given FMG's 0.8-strength geographic exposure to China. FMG's move of -4.6% at 3.8x its normal ATR exceeds the sector decline, suggesting some stock-specific amplification (possibly iron ore spot price pressure), but the dominant signal is sector-wide.
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
ASX announcements
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−$30
- IHD5.24% of the fund−$24
- HGEN3.91% of the fund−$18
- GRPA3.45% of the fund−$16
- OZR3.45% of the fund−$16
- ZYAU3.30% of the fund−$15
- QRE3.29% of the fund−$15
- ALFA2.84% of the fund−$13
- AUMF2.62% of the fund−$12
- VHY2.42% of the fund−$11
The 10 that hold it most. All 38 are listed on the page under Held by.