Abstract Fine root traits span two independent axes of variation, the conservation and collaboration axes, which define the root economic space (RES). However, whether early‐stage fine root decomposition rates (quantified as proportion mass loss, i.e. pml) are more strongly related to collaboration or conservation traits remains unclear. We studied 63 tree species in New Zealand's temperate rain forest. We determined the phylogenetic signal in pml and fine root traits, conducted phylogenetic principal component analysis and used phylogenetic generalized least squares to determine which traits are most strongly related to pml. Root decomposition exhibited a high phylogenetic signal and was more strongly related to the conservation than the collaboration axis. Root tissue density (RTD) was negatively correlated and root nitrogen (RN) was positively correlated with pml. Root diameter was positively yet weakly correlated with pml, but specific root length was uncorrelated with pml. The lignin‐to‐N ratio and root cellulose were the strongest predictors of pml. Synthesis: Early‐stage fine root decomposition is most strongly driven by tissue quality traits, such as root nitrogen, tissue density and lignin‐to‐N ratio, which all align with the conservation axis of the root economics space. However, root diameter plays a weak yet undeniable role in early‐stage fine root decomposition. Some thick‐rooted species decomposed faster, possibly due to the higher quality cortical tissue. Thin‐rooted species decomposed slower, possibly because of their higher cellulose concentration that maintains the structural integrity of small diameter roots. Relationships between decomposition and other traits that align with the collaboration gradient deserve further study across the phylogeny of vascular plants.