The effect of blending ratio on the performance of hollow coffee carbon polyester/cotton blended compact siro-spun yarn was investigated. Five blend ratios of hollow coffee carbon polyester/cotton fiber (i.e. 20/80, 35/65, 50/50, 65/35, and 80/20) and polyester/cotton fiber 35/65 were designed, and six groups of 14.6 tex yarn were spun by compact siro. Indices for the performance of the yarn (surface morphology, evenness, hairiness, tensile property, and hydroscopicity) were tested and analyzed. The regression analysis showed the excellent linear relationship between the content of hollow coffee carbon polyester and each performance index was obtained. Cubic curve models were built to comprehensively evaluate the performance of the yarn. The blending effect in these yarns was evaluated using the Hamilton transfer index. The tests results show that with the increase of the content of hollow coffee carbon polyester in the blended yarn, the evenness and tensile properties of the hollow coffee carbon polyester/cotton blended yarn continue to increase, whereas the hairiness index and moisture regain of the yarn gradually decrease. With the change of blending ratio, the transfer index of each fiber in hollow coffee carbon polyester/cotton blended yarn will change. When the content of hollow coffee carbon polyester is more than or equal to 50%, it has the tendency to preferentially distribute inward, whereas the cotton fiber has the tendency to preferentially distribute outward. When the content of hollow coffee carbon polyester is less than 50%, the reverse is true. The comprehensive evaluation value of the yarn performance decreased first and then increased with the increase in the content of hollow coffee carbon polyester.