Natural rubber (NR) composites have been widely applied in damping products to reduce harmful vibrations, while rubber with only a single composition barely meets performance requirements. In this study, rubber blend composites including various ratios of NR and styrene butadiene rubber (SBR) were prepared via the conventional mechanical blending method. The effects of the rubber components on the compression set, compression fatigue temperature rising and the thermal oxidative aging properties of the NR/SBR blend composites were investigated. Meanwhile, the dynamic mechanical thermal analyzer and rubber processing analyzer were used to characterize the dynamic viscoelasticity of the NR/SBR blend composites. It was shown that, with the increase in the SBR ratio, the vulcanization rate of the composites increased significantly, while the compression fatigue temperature rising of the composites decreased gradually from 47 °C (0% SBR ratio) to 31 °C (50% SBR ratio). The compression set of the composites remained at ~33% when the SBR ratio was no more than 20%, and increased gradually when the SBR ratio was more than 20%.