Global change drivers, such as anthropogenic nutrient inputs, are increasing globally. Nutrient deposition simultaneously alters plant biodiversity, species composition, and ecosystem processes like aboveground biomass production. These changes are underpinned by species extinction, colonization, and shifting relative abundance. Here, we use the Price equation to quantify and link the contributions of species that are lost, gained, or that persist to change in aboveground biomass in 59 experimental grassland sites. Under ambient (control) conditions, compositional and biomass turnover was high, and losses (i.e., local extinctions) were balanced by gains (i.e. colonization). Under fertilization, the decline in species richness resulted from increased species loss and from decreases in species gained. Biomass increase under fertilization resulted mostly from species that persist, and to a lesser extent from species gained. Drivers of ecological change can interact relatively independently with diversity, composition, and ecosystem processes and functions such as aboveground biomass due to the individual contributions of species lost, gained, or persisting.