A flexible, wearable electronic device composed of magnetic iron oxide (Fe3O4)/reduced graphene oxide/natural rubber (MGNR) composites with a segregated network was prepared by electrostatic self-assembly, latex mixing, and in situ reduction. The segregated network offers the composites higher electrical conductivity and more reliable sensing properties. Moreover, the addi-tion of Fe3O4 provides the composites with better electromagnetic interference shielding effectiveness (EMI SE). The EMI shielding property of MGNR composites is more stable under tensile deformation and long-term cycling conditions and has a higher sensitivity to stretch strain compared with the same structure made from reduced graphene oxide/natural rubber (GNR) composites. The EMI SE value of MGNR composites reduces by no more than 2.9% under different tensile permanent deformation, cyclic stretching, and cyclic bending conditions, while that of GNR composites reduces by approximately 16% in the worst case. Additionally, the MGNR composites have a better sensing performance and can maintain stable signals, even in the case of cyclic stretching with a very small strain (0.05%). Furthermore, they can steadily monitor the changes in resistance signals in various human motions such as finger bending, wrist bending, speaking, smiling, and blinking, indicating that the MGNR composites can be used in future wearable electronic flexibility devices.