Tensile and compressive properties of interlayer and intralayer hybrid composites were investigated in this paper. The tensile modulus and compression modulus of interlayer and intralayer hybrid composites are the same under the same mixed ratio, the tensile strength is much superior to the compression strength, and while the tensile modulus and strength increase along with the carbon fiber content, the compression values change slightly. The influence of stacking structures on the tensile and compressive strengths is opposite to the ratio of T/C (tensile/compression) strength for interlayer hybrid composites, and while the tensile and compression strengths with glass fiber sandwiching carbon fiber can reach the maximum value, the ratio of T/C strength is minimum. For structures with carbon fiber sandwiching glass fiber, or with asymmetric structures, the tensile and compressive strengths are at a low value. For intralayer hybrid structures, while the carbon/glass (C/G) dispersion degree is high, the tensile and compression strengths are low. The experimental tensile and compressive strengths for interlayer and intralayer hybrid composites are greater than the theoretical values, which demonstrates that strength conforms well to the positive hybrid effect. The tensile fracture strain is greater than the compression fracture strain for hybrid composites, with both of them basically maintained at the same level.