An Rtec ball-on-disk tribometer was used to investigate the tribological performance of the synthesised water-based nanolubricants containing hBN/TiO2 nanocomposite at room temperature. The water-based nanolubricants with different concentrations were prepared by adding glycerol and sodium dodecyl benzene sulfonate (SDBS) under ultrasonication. These as-prepared nanolubricants demonstrated exceptional dispersion stability for 7 days without distinct sedimentation. The results indicate that the water-based nanolubricants with an overall concentration of 1.0 wt% at different ratios (hBN: TiO2 = (1:0), (0.7:0.3), (0.5:0.5), (0.3:0.7), (0:1)) can effectively reduce the coefficient of friction (COF) and the wear of the ball and disk. In particular, the water-based nanolubricant containing 0.5 wt% hBN and 0.5 wt% TiO2 exhibited the best tribological performance, leading to a significant reduction in COF up to 70%, and decreased the wear area of the ball and disk by up to 79.57% and 60.40%, respectively, compared to those obtained using distilled water. The lubrication mechanisms were mainly attributed to the formation of a protective film, and the mending, polishing, rolling, and synergistic effects of the hBN nanosheets and TiO2 nanoparticles.