In the context of the rapid development of modernization and urbanization, the inheritance and research of music and musical instruments by ethnic minorities are facing great challenges. It is, therefore, of enormous significance to uncover the performance characteristics of ethnic minority musical instruments. This paper focuses on four categories of Yao musical instruments, namely reed instruments, air-pipe instruments, wind instruments, and percussion instruments. We mine the performance features of Yao musical instruments using MFCC feature extraction, perceptual linear prediction parameter extraction, and other methods. The performance of this paper’s algorithm is explored by comparing the detection and recognition accuracy of its algorithm with SVM on four types of musical instruments. The performance characteristics of Yao musical instruments are explored by analyzing the timbre characteristics, auditory characteristics, and beat statistics of the four instruments. This paper’s algorithm significantly outperforms the SVM algorithm in the recognition correct rate of four different types of musical instruments, with differences of 2.1905%, 7.1574%, 5.3758%, and 3.6962%, respectively. The extracted performance features of Yao music instruments reveal that reed instruments and air-pipe instruments have a superior timbral effect than wind instruments and percussion instruments. The sound of pneumatic instruments and wind instruments is the best when it comes to audibility, and the beats of reed instruments and wind instruments are the best among the four instruments.