The paper studies the effect of high strain rate (10 5 s −1) deformation by the method of dynamic channel-angular pressing (DCAP), annealing and quasi-static severe plastic deformation (SPD) under sliding friction on the evolution of the structure and properties of low-alloyed dispersion-hardened Cu-Cr-Zr alloys. It is shown that alloying of copper with chromium (0.09-0.14 %) and zirconium (0.04-0.08 %) microadditives changes mechanisms of submicrocrystalline (SMC) structure formation and elastic energy relaxation during DCAP: the cyclic character of structure formation associated with alternating of high-rate processes of fragmentation and dynamic recrystallization is changed to processes of fragmentation and partial strain aging resulting in precipitation of nanosized particles of the second-phase. The temperature-time regime of annealing (aging) of Cu-Cr-Zr SMC alloys processed by DCAP was established to improve the mechanical properties and electrical conductivity. In particular, for Cu-0.14 Cr-0.04 Zr SMC alloy it was shown that the optimal combination of microhardness (HV = 1880 MPa), electrical conductivity (80 % IACS), strength (σ 0.2 = 464 MPa, σ u = 542 MPa) and ductility (δ = 11 %) can be obtained by DCAP and aging at 400°C for 1 h. The improved mechanical properties of the alloys as compared to copper are associated with extra hardening caused by precipitation of Cu 5 Zr and Cr nanoparticles (5-10 nm) in the process of DCAP and aging. It was shown that low-alloyed Cu-Cr-Zr alloys possessed a high work-hardenability due to the methods of DCAP and SPD under sliding friction. By the example of Cu-0.09 Cr-0.08 Zr alloy it was established that the wear rate of samples with SMC structure obtained by the DCAP method decreased by a factor of 1.4 as compared to the coarse-grained state. It was also established that the combination of the treatment by DCAP, aging at 400°С, and SPD under friction of the alloy resulted in the formation of the friction-induced nanocrystalline structure with the grain size of 15-60 nm in the surface-layer material, which provided a high level of microhardness (3350 MPa) and low values of the friction coefficient (0.35).