Magnesium alloy QE22 (nominal composition 2 wt % Ag, 2 wt % mixture of rare earth elements, balance Mg) was reinforced with 5 vol % Saffil fibers and 15 vol % SiC particles. The hybrid composite was prepared via the squeeze cast technique. The microstructure of the monolithic alloy and composite was analyzed using scanning electron microscopy. Elastic modulus was measured at room temperature and modeled by the Halpin-Tsai-Kardos mathematical model. The strengthening effect of fibers and particles was calculated and compared with the experimentally obtained values. The main strengthening terms were determined. Fracture surfaces were studied via scanning electron microscope. While the fracture of the matrix alloy had a mainly intercrystalline character, the failure of the hybrid composite was transcrystalline.Before the compression tests, the grip heads of the testing machine were lubricated with MoS 2 . For both tensile and compression tests, three samples were used. Mechanical tests were carried out at room temperature (23 ± 2 • C) in a Zwick Z250 PC controlled testing device () with a constant cross head speed of 1 mm·min −1 , giving the strain rate of 5.5 × 10 −4 s −1 (tension) and 1.4 × 10 −3 s −1 (compression). True stress-true plastic strain curves were computed. Characteristic tensile/compression yield stress (TYS/CYS) and ultimate tensile/compression strength (UTS/UCS) were estimated together with the strain-to-fracture, ε f . Metals 2018, 8, x FOR PEER REVIEW 3 of 13Germany) with a constant cross head speed of 1 mm⋅min −1 , giving the strain rate of 5.5 × 10 −4 s −1 (tension) and 1.4 × 10 −3 s −1 (compression). True stress-true plastic strain curves were computed. Characteristic tensile/compression yield stress (TYS/CYS) and ultimate tensile/compression strength (UTS/UCS) were estimated together with the strain-to-fracture, εf.